I've known Mike B for about 20 something years, this show should be interesting.
Knowing Mike like I do I know very little acting if any is needed for this reality show, this is how he is.
Looks cool, I'll watch...I can't imagine there is that much work or money in that business these days...but they do nice work.
The amount of hours that has to go into to a full restoration on some of these boats could exceed the cost of a new boat. (and be a fraction of the cost of a like-new used boat) But I suppose if your heart is set on fixing something up and you have a deep wallet...what the hell.
They were at the boatshow last year. Product is not worthy of the pricetag. He did a lot of work for a friend of mine. Go buy a regulator and skip the nostalgia.
They were at the boatshow last year. Product is not worthy of the pricetag. He did a lot of work for a friend of mine. Go buy a regulator and skip the nostalgia.
I agree. When they were in Rockland, I stopped in to get a quote on some minor work to be done on an old boat I had at the time. I almost fell on my ass when they told me how much they wanted.
They do decent work, but are priced way higher than most anyone else locally. Look at their website and check the prices on a few of their restored boats. $55K for a restored old Boston Whaler? No thanks. I could spend $55K a lot more wisely than that.
I agree. When they were in Rockland, I stopped in to get a quote on some minor work to be done on an old boat I had at the time. I almost fell on my ass when they told me how much they wanted.
They do decent work, but are priced way higher than most anyone else locally. Look at their website and check the prices on a few of their restored boats. $55K for a restored old Boston Whaler? No thanks. I could spend $55K a lot more wisely than that.
I agree $140K for a restored 23' seacraft. Insane. I could get a yellowfin for that tag.
That was my point...there is no way you can make a business doing this.
140K for a seacraft? Give me 140K and you can have my boat today! I am serious.
What you can get on the bank-owned market today for 140K would astound you. You probably could not afford to put fuel in it...hence you would be better giving me 140K
I ran across a show on one of the information channels the other nite .
It was about 3 or 4 boats shrimping ..........................................After about 5 minutes I thought it was [Really] comedy .
But the more I saw /I realized it was for real .
Damn red necks shrimp fishing // this couldn,t be made up /I turned it off because it was scary /some of the things they were doing or trying to do ........... I was waiting to see if one of them was going to go swimming <><><>
I can only guess what it would be like /if you were watching it after passing the Peace pipe ><><><><
That was my point...there is no way you can make a business doing this.
140K for a seacraft? Give me 140K and you can have my boat today! I am serious.
What you can get on the bank-owned market today for 140K would astound you. You probably could not afford to put fuel in it...hence you would be better giving me 140K
140k would get you half a dozen completely restored Seacrafts right now and have plenty of money left over for fuel in all of them.
Hell, I'm sure NEB, Newport Shipyard, Goetz, Waterline, or any of the big boys would do a restoration for half of that and it would be mostly carbon.
I guess not many of you guys have seen someone dump 30-40k into a 60s or 70s muscle car thats only worth less than 10k.
Also, from what I've been told most of those "Theme bikes" that they build on OCC sell for over 100k
I guess not many of you guys have seen someone dump 30-40k into a 60s or 70s muscle car thats only worth less than 10k.
Also, from what I've been told most of those "Theme bikes" that they build on OCC sell for over 100k
That's not true Ron. I've seen it many times and feel the same way. Just doesn't make sense to me. I can understand a very small percentage that do it for an emotional tie to something, but that's not your typical market.
That's not true Ron. I've seen it many times and feel the same way. Just doesn't make sense to me. I can understand a very small percentage that do it for an emotional tie to something, but that's not your typical market.
Where you said not many of you guys have seen someone dump 30-40K into a less than 10K car or over spend on motorcycles.
I've seen it and it doesn't make any sense and neither does spending the kind of dough these guys charge for a boat restoration. I'm certainly not implying they don't do good work. Not at all. What I do think though is that you can get the same work done elsewhere for a fraction of what they charge.
Also, from what I've been told most of those "Theme bikes" that they build on OCC sell for over 100k
Given that they're the same frame with the same outsourced fuel tank with some paint and junk thrown on, they're proof there's a sucker born every minute.
Quote:
Originally Posted by BigBo
I've seen it and it doesn't make any sense and neither does spending the kind of dough these guys charge for a boat restoration. I'm certainly not implying they don't do good work. Not at all. What I do think though is that you can get the same work done elsewhere for a fraction of what they charge.
I'd like to know what exactly a 140k restoration is, build a mold and build a whole new boat? (Which similar is being done down in Portsmouth with wooden boats, almost zero original wood, but they're 'restorations'.)
[QUOTE=likwid;905720]Given that they're the same frame with the same outsourced fuel tank with some paint and junk thrown on, they're proof there's a sucker born every minute.
They aren't the same frame and tanks. Far from anything stock. But, they are still way over priced. With the price of materials these days, I can understand a full custom bike running $50K. I don't understand $100K + though. I built my own full custom several years ago for $10k. Granted I didn't use as many custom parts as these guys, but I would say you can build a pretty sweet custom scooter for $25K given the current market.
ive talked to other seacraft owners that have done full restores from the stringers up for approx 30-40K. For 30-40K you have basically a brand new boat with a priceless hull. I get that. $140K for a 23'?????? Is the steering wheel platinum with diamonds, is the transom made of marble, gold plated deck? Where the hell is the money?????? $50K whaler? WTF
I can see how it gets that expensive... Look at his overhead. The people, all making decent coin + benie's. (trips to Italy for the crew) The Shop, the insurance, etc. Many seacraft owners have a lot of "sweat-equity" in their rebuilds. Yeah they put 30K into it but they but another 1000 hours of their own time as well. Was it worth it? To them yes, because they loved working on it and seeing it come back. But most of these guys take a hit when/if they resell .
Your best deal in boating is buying a lightly used boat from a person in financial distress right now. Use it until you get bored then sell it for whatever you can and chalk up the expense to memories. New boats are nice but the depreciation is insane and adds more pain to an already painful hobby. Rebuilds are "projects" and require lots of time and $. If you love it then by all means go ahead, but if you can't complete it you are in a deeper hole then when you started. Try and sell a "partially" restored boat today....
Heck just cause you know what you are doing does not guarantee success. Look at J&J in somerset. They closed their doors this year. They had a heck of a facility and some very talented people in just about every area of the business. They also had a list of celebrity clients. I hear the property is up for sale for 6 mil. You could put some condos on it I suppose.
but that is on Animal Planet!
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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