Washington Water Sports, a boat dealership in Liberty Lake, Wash., said it will close its doors later this month after four years in business.
The dealership carries the MasterCraft line of boats and was called MasterCraft Inland Northwest until it added three other boat lines — Supra, Moomba, and Centurion -- to its inventory last year, according to a report in the Journal of Business.
Stan-Craft Marine Center Inc., in Post Falls, Idaho, will become the new MasterCraft dealer in the Inland Northwest.
Washington Water Sports general manager Don Taylor said the down economy during the last three years hit the boating industry hard and that "it just doesn't support the facility that we have here."
Taylor said the owner of the business, Wayne Sorenson, announced his decision to close the dealership on Sept. 30. Washington Water Sports' last day of business will be Oct. 29.
The dealership's 10,800-square-foot building is listed for sale at a price of $2.4 million by Spokane commercial realty firm NAI Black, the firm's website shows.
Taylor says the closure announcement came as a surprise despite the economy's effect on sales.
“We knew about the down economy and that the owner was under stress under the situation of not selling boats, but we didn't know it was going to close,” he told the newspaper. “Ironically enough, our sales increased this year, but not enough to maintain or sustain the dealership location."