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Is it possible to rebuild boats and come out ahead?

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DB Rea

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Is it possible to rebuild boats and come out ahead?

On 15 Nov 2005 18:26:51 -0800, wrote:

I suppose what I'm asking is my cousin, (an electrical engineer for a
major auto company), is getting tired of the "lunch bucket" job, and is
really addicted to boats. Sounds good so far, andyhow, he's wanting not
necessarily to quit his job but look into a paying hobby. He looks on
ebay and the like, and sees damages, or neglected cruisers going for
what sems to be a song. and is thinking of setting up a business for
not necessarily restoring but totally rebuilding boats. This is done
with about anything on the market today, from computers to major
aircraft. He saw a charity auction sell a 36 foot Chris Craft
(fiberglass) Cruiser for about $400.00 which was rather neglected, but
seemed to have a sound hull. He's thought of totally disasembling the
boat, putting in new, modern refinements re wiring, re-gelling,
re-painting, re brightening or replacing the hardware, overhaulling the
twin GM's etc, and he thinks he can do this..resell... put into show
room condition....... and make a profit.

I told him I thought it was pretty risky, because auto customizers
usually can't sell a car for more than they have in it. Well, I
suppose some can but I'm sure many can't.

Does anybody do this as a professional company?

Tim

Bath Iron Works does this with guided missile frigates for the Navy... ;-)

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