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Powerquest Auction, Business opportunity?
- Thread starter mung272
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Ratickle
Founding Member / Super Moderator
If you guys are interested, we'll be meeting them there at 11:00 AM tomorrow for mold reviews. Bids are open until 5:00PM tomorrow. Thye will have bid paperwork with them. I expect to spend around an hour there to look at the molds, and take pics, that they are interested in.
Let me know in the morning if you also want me to let them know you will be there.
Let me know in the morning if you also want me to let them know you will be there.
Offshore Ginger
New member
Paul i just might attend also if everything works out . 
Ratickle
Founding Member / Super Moderator
Yeah, I don't get the sealed bids plus the molds being in the auction on next Tuesday also.
I was surprised at the size of the lots. I'm not sure why so many per lot?
The 30 twin step I was interested in, that was about it. But the lot it was with was half in terrible shape. If you were going to restart Powerquest, probably okay. If not, sure seemed like way too many molds in one lot to me.
I was surprised at the size of the lots. I'm not sure why so many per lot?
The 30 twin step I was interested in, that was about it. But the lot it was with was half in terrible shape. If you were going to restart Powerquest, probably okay. If not, sure seemed like way too many molds in one lot to me.
jdoss
New member
they are scrambling to sell everything, building is sold and the contract has a move in date. look at how much you get if you buy the pallet racks, its the whole length with everything. I envision great lakes skipper coming in and buying alot. they buy left over inventory from fountain, baja, rinker...... The bank/attorney had not yet gotten back in contact with us, sad since the person whom i looked at it with has one of the longest history w the company and is probably one of only a couple that could reserect it.
Offshore Ginger
New member
Jamie , what did the potential buyer think of the molds overall & be honest..........
Sean Stinson
Founding Member/Contributor
who ended up winning the sealed bid yesterday????
jdoss
New member
Artie,
stuff inside is is good shape. stuff outside needs work. he knows the boats inside and out and the company. if you buy the molds and are going to make it a co again then you better be buying some of the offices. BOM, buildbooks, history,vendors.......... Thats what we were concerned with. Just makes thing easier.
stuff inside is is good shape. stuff outside needs work. he knows the boats inside and out and the company. if you buy the molds and are going to make it a co again then you better be buying some of the offices. BOM, buildbooks, history,vendors.......... Thats what we were concerned with. Just makes thing easier.
Offshore Ginger
New member
Jamie , i agree on the shape of the molds outside ......with the exception of one or maybe two deck molds inside the building that could use a little more attention but then again that is my opinion , and personally i think purchasing some of the offices with the buildbooks , history , vendors ,ect ect ................................ is a very good idea .
Offshore Ginger
New member
Hey guys , i have been boxing up old Powerboat / Hot boat mags this morning and ran across an old 1994 P.Q. catalog along with a newer catalog that sports the 320 SC . inside the inner fold out cover wow ............what a difference from one catalog to the next .
Offshore Ginger
New member
Hey guys, i just talked with Jon a moment ago and the auction date has been moved back to Tues Jan 17 th 2012 .
Ratickle
Founding Member / Super Moderator
Really?
Or you're just trying to get everything at a really cheeap price???????:sifone:
Offshore Ginger
New member
Yes to your first question ,and when i first saw the new auction date i thought it was a miss-print which apparently according to Jon is the new date scheduled for the Auction at this time .
Ratickle
Founding Member / Super Moderator
Man, the more I think about this, the less of a business opportunity it appears to be......
Looks as if Claremont spent almost $217,000 for the items he purchased with the fees and taxes built in. I would assume there may be ways, depending on who they are, to eliminate some of those taxes. Unless they already own a boat building company and were interested in everything except the molds. Which is pretty much what he got.
Looks as if Claremont spent almost $217,000 for the items he purchased with the fees and taxes built in. I would assume there may be ways, depending on who they are, to eliminate some of those taxes. Unless they already own a boat building company and were interested in everything except the molds. Which is pretty much what he got.
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