It was fun while it lasted... Broker Reccomendation?

T

timinfla2

New Member
Sep 22, 2008
578
Well damn it all. My partner and I just got news today that one of our largest customers is on the verge of shuttering its doors for good.

This means that the large majority of our revenue, too, goes with them and therefore means that we have to start cutting costs.

Our employees mean far more to us than the luxury of having a boat, and therefore we made the decision to sell the 330.

Wrenching of a decision as it may seem, I see this as short term as the economy, and specifically the space we are in, will certainly come back in the near future. But I won't gamble the futures of the people that have loyally worked for us for years just to keep a toy on hand.

With all of that said, I write asking my fellow SoFla boaters for their recommendations as to where I can find an outstanding broker to step in here and move the boat - personal experience is a premium here, so if you've worked with somebody that tirelessly pushed your boat on the market, I'd love to be introduced.

The silver lining here is two-fold. One, once the market comes back (stronger than ever), we'll get an even bigger boat ;-) The other nice thing is that at the rate which boats are selling these days, I'm not expecting to see her gone so soon, so I'm sure I'll be able to get over to the Bahamas a few times with you before it's lights out.

Thanks for the recommendations.

-Tim
 
Tim- sorry to hear that. A very noble thing you are doing to honor your employess at the sake of a luxury item like a boat. Once you get attached to a boat, its like another kid, so I feel you loss on that end.

One of my dock neighboors has the exact same boat as yours, only black hull, and paid about $250 for it new last year, if that is any help.
 
Sorry Tim. The good thing about Sea Rays is that you can always find another one to fall in love with when the market picks up again...
 
Sorry to hear that - what type of business are you in? I think many are feeling pain these days.
 
Tim,

As a suggestion, contact Jim at BOE and see who his broker affiliate is here in South Florida. That would be a step in the right direction.

I feel your pain. I have been wrestling with that same decision myself and it is tough....especially the way the market for boats, or for anything else is now.

I am a contractor here in Palm Beach, Co and I was in Palm Beach County Building and Zoning yesterday over at Jog and Okeechobee. I have never seen that facility so deserted...I thought I had walked in at 7 AM on a Sunday!! I mean nobody was there except the people that work there.

Good Luck with your endeavors.
 
That is a shame. But sheet happens. Just think how loud your daughter will say "Cool" when your wife films you passing by in your new 43DA next year!
 
You have your priorities straight. It's tough when you have a business dependent on another for a big chunk of your business.

It worries me when I hear some of you say how much the boating traffic has slowed down. Florida, maybe unlike other states, needs a health economy for its housing and tourist businesses. It was frightening not to see any signs of life this season and if anything the recession has only deepened this spring.
 
Hey Tim,

Sorry for what you are going thru.
Not sure if it helps, but you have a lot of company.
We are hanging in there but compared to a year ago our savings and income are well down.
 
C&S Marine will sell you boat for you. I worked with them on selling my 280 and buying a new boat. Since I wanted to trade it was hard to pull off but they worked with me, told me pricing on what to expect in the current market. They will sell you boat for you, it will be a low number but they can sell it.
 
Hey all, thanks for the well-wishes, but I can tell you that this is a decision I make without an ounce of regret - my priorities are to my folks, not an object, but just the same, I thank everybody for their thoughts.

Sprink and Tom, I thank you very much for the recommendations, and I'll look in to both of them. If anybody else has any other ideas, I'd love to hear them.

Thanks again,
Tim
 
Hey Tim,

I don't think you need a broker for this.. If you post adds and photos on BoatTrader.com and boats.com - some of those sites, you might find it just as easy to sell yourself and save the broker's commission..I've bought and sold my last 2 boats that way. Or if you really want someone else to handle for you, you might want to see what MM has to offer...I have someone I deal with there so if you call me I can talk to him for you...

Barry
 
barryg said:
Hey Tim,

I don't think you need a broker for this.. If you post adds and photos on BoatTrader.com and boats.com - some of those sites, you might find it just as easy to sell yourself and save the broker's commission..I've bought and sold my last 2 boats that way. Or if you really want someone else to handle for you, you might want to see what MM has to offer...I have someone I deal with there so if you call me I can talk to him for you...

Barry
Click to expand...


Thank you Barry - I'll definitely consider that, but I always figured that to get on Yachtworld you had to be a broker, and from what I understand, Yachtworld was the best site out there for selling a boat.

I'd love to save the comms though if I didn't have to pay...

-Tim
 
Go and check out both sites. As a seller and a buyer, I did not want to pay large commissions and found that today everyone looks online and my experience was with BoatTrader and I bought and sold 2 boats thru there, and one was local and the other I ended up buying in Kentucky and bringing down, so you can get buyers from all over the country if you have the right boat at the right price. It's also a great way to see what non-repossessed boats are going for that are similar to yours. And no one is going to work harder to sell your boat and know more about it than you...IF MM does not have any of your size in inventory it also might be good to talk to them and see what they have to offer as they do get some traffic...

Call me anytime...954-224-7411..

Barry
 
Thanks buddy - I always appreciate your willingness to help.

-Tim

barryg said:
Go and check out both sites. As a seller and a buyer, I did not want to pay large commissions and found that today everyone looks online and my experience was with BoatTrader and I bought and sold 2 boats thru there, and one was local and the other I ended up buying in Kentucky and bringing down, so you can get buyers from all over the country if you have the right boat at the right price. It's also a great way to see what non-repossessed boats are going for that are similar to yours. And no one is going to work harder to sell your boat and know more about it than you...IF MM does not have any of your size in inventory it also might be good to talk to them and see what they have to offer as they do get some traffic...

Call me anytime...954-224-7411..

Barry
Click to expand...
 
Tim,

PM Jim at BOE and he will run a "Boats Sold" search on your boat. This is a more accurate snap shot of where the market is based on input of member brokers an based on what the real sell numbers are. There is a big spread between what the ask is and what the final sold number is.

The boat market right now is all over the place and there is a lot of junk out there from the repo market that are driving the numbers down.
 
Tim,
Scott Roberton was the seller's broker when I bought my boat from them. I can't say enough about Scott's professionalism and timely follow up even though he represented the seller.

Scott Roberton
MarineMax - Motoryachts
727-536-2628 Office
727-638-7890 Cell
813-354-3377 Private Fax
scott.r@marinemax.com
 
Thank you very much - I'm wondering though if I'll have to go with somebody local in the Ft Lauderdale area as that's where the boat is. Any thoughts?

-Tim


Diversion said:
Tim,
Scott Roberton was the seller's broker when I bought my boat from them. I can't say enough about Scott's professionalism and timely follow up even though he represented the seller.

Scott Roberton
MarineMax - Motoryachts
727-536-2628 Office
727-638-7890 Cell
813-354-3377 Private Fax
scott.r@marinemax.com
Click to expand...
 
timinfla2 said:
Thank you very much - I'm wondering though if I'll have to go with somebody local in the Ft Lauderdale area as that's where the boat is. Any thoughts?

-Tim
Click to expand...

Call Marine Max Pompano and see what they can do for you...won't hurt plus you will get a lot of brand specific exposure.
 
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