Nautical Ventures Sells 36 Boats to Florida Club

Author:
Publish date:
1 nautical-starcraft

Fort Lauderdale, Fla.-based Nautical Ventures Group sold 32 Starcraft and four Tidewater boats to a local boat club in a deal valued at more than $1.7 million.

A non-disclosure agreement prevents any other details about the buyer.

The sale represents the dealership’s largest multi-unit sale to date and provides a model to sell to other interested boat clubs.

2 nautical Starcraft Limited 2000 OB

“We all know that during the Covid crisis boat sales are up industry-wide by over 50 percent,” said Nautical Ventures CEO Roger Moore in a statement. “But boat club memberships have skyrocketed in 2020 and are up nationwide over 400 percent. I think we may have hit upon a program that other boat clubs can benefit from.”

Doug Lanham, Southeast district sales manager of Smoker Craft — the builder for Starcraft Boats — said the final phase of delivery should be completed by January.

“Considering the pressure put on new boat construction these days, we are pleased with the progress being made to meet this order, and we credit Nautical Ventures for mediating the demands of the club in an orderly and professional manner,” said Lanham.

Related

Quick Hits: October 28, 2020

Ranger Tugs and Cutwater Boats announce dealer awards; Cummins announces 3Q results.

Garmin Q3 Revenues Up 19%

Growth was driven by in part by a 24 percent increase in marine sales.

Groupe Beneteau Expects Revenue Declines

The group reduced investments by 30 percent in response to the Covid-19 pandemic.

A Banner Year for MarineMax

The yacht retailer saw its highest revenue and earnings in the company’s history.

New Boat Registrations Up 5.8% Year to Date

Main powerboat categories were up more than 34% year over year.

Azimut Benetti Group Sees Robust Sales in Asia-Pacific Market

The Italian conglomerate is reporting total sales of over 150 million euros in the region.