Owner seeks to sell Duracraft - Trade Only Today

Owner seeks to sell Duracraft


South Carolina-based Duracraft Marine is for sale.

Steve Deese, who also owns Encore Boat Builders, maker of Bentley pontoons, said he's selling because of health issues and wants to concentrate on his pontoon business.

Deese, 59, is selling all the assets of the company, as well as the name. Assets include finished boats in stock, tooling, and any and all equipment and parts inventory.

The company, he told Soundings Trade Only, is listed for "well below" market value and comes free of any debt.

"The Duracraft name has been around since the 1950s and has a well-known name and excellent reputation of quality and value and has thousands of boats in the market today," he said of the aluminum boat line. "This company has potential of millions in volume, as it has in the past."

Deese owned Duracraft from 2002-2008, when he sold it because of health reasons. However, the party he sold it to was unable to keep it up and running due to poor economic conditions, so Deese bought it from creditors in 2009.

He reopened it in January, but stopped production about two weeks ago. He said there are about 50 finished boats in the 75,000-square-foot facility. Buyers can lease the building and land with an option to purchase, or purchase it along with the company.

The pontoon business is booming, Deese said, adding that he's building eight to 10 pontoons a week to meet demand.

"I just can't do both," he said. "I just don't have the strength to go forward [with Duracraft] ... I'm putting all effort and time into Bentley."

— Beth Rosenberg