is boat restoration profitable?

Ezekiel Kadner: 518 Boat Plans : http://BoatPlans.NaturallyGo.com/?JlN

Melissa Lavallie: Yes if U get it cheap enough and don't have to put much $ into fixing it up to sell for a profit. But with the economy check first what competed boats are selling for and figure what U will have in the project as it cost a lot to equip a boat.

Branden Roddick: 2

Chadwick Schmelz: Hi TomMy boyfriend used to restore boats and he said the only way to lose money faster was to burn it, so unless you have exceptional skills and have a source of very very cheap materials, I'm pretty sure you won't make a profit. Sorry!Kezzy...Show more

Catheryn Small: 1

Sammie Bocanegra: If it is fiberglass, then it is not. There are only two categories of boat restoration businesses that I have ever known to be profitable (and that have remained profitable throughout my boating life (45 yrs). They are those that restore vessels owned by others... and those that do it "! on the side" where the restoration is an extension to their regular "cash cow" business. Those that make a good living at it as a stand alone business, have decades old reputations for superior craftsmanship and restoration. They restore old classic boats, yachts, etc., and work much on the same basis as your attorney... They don't own the boat, they get a hefty retainer, they bill for all their time and materials, and when the job is finished, they get paid a nice (pre-agreed upon) settlement. These guys are usually so busy with backed up work, it takes months (if not years) for them to start work on a new customers vessel. The only others I know of that do this, (and make money at it) are the ones that own Marinas or boat repair shops, and have the room and facilities to always have two or three vessels they are working on to restore (in the back, someplace)... but it is the other end of their business that pays the bills and keeps their lights on. Boatyards! , backyards, River banks, and every where there is water you w! ill find old derelict boats, and it is a crying shame... I agree. But if you are thinking you want to take them home and give them some TLC - and expect to make money at it... I'm afraid you need to toss your anchor in another harbor. Good LuckJohnPS. I simply don't know of anyone restoring fiberglass boats. Maybe someone else does, but most of these old boats are now being stripped, chopped up, and recycled. I build boats, and (I won't anymore) but I could - build you a bigger, stronger, safer, longer lasting, better boat - much-much cheaper then I can restore one of the same size. And I think you will find that true of any vessel (wood or fiberglass). The big difference is, restoring an old classic wooden boat is an act of passion - for both the owner and the craftsman....Show more

Frank Crummell: Old Boat Restoration

Lon Pennington: Mcgrath is a very dedicated and experienced woodworker who knows what he is talking about when it comes to woodworki! ng and DIY projects s he has been a woodworker for many many years. Read here https://tr.im/FXgByThere is also a lifetime member acess included in the package and you get these extras for no cost to you as they are free with no additional charges at all!