Lost our local boat shop.

[bocco]

Looks like Boatmasters in Livermore is closed up for good. Going to miss having parts available 3 miles from my house. Plus, they were knowledgeable and always had good advice.

 

[lake p.a.l.]

Drew said the land was more valuable than the business. Still seems crazy to me the business wasn't worth something because they were always slammed busy with repairs, Merc warranty, & boat sales.

 

[bocco]

Drew said the land was more valuable than the business. Still seems crazy to me the business wasn't worth something because they were always slammed busy with repairs, Merc warranty, & boat sales.

I did wonder about the property. Didn't know if they owned it or rented but I guess they did own it.

I know they were in business for at least 30 years so maybe it was just time to retire.

But I agree that selling the business and renting the property might have been a good plan.

 

[HighVoltage329]

Hate to see Boatmasters go. Good luck on their next adventure.

 

[LuauLounge]

I can see a number of reasons for closing.
California business climate
Real estate values are high
Employee pool is shrinking
Online sales continue to erode walk-in
Customer expectations occasionally are impossible to meet

Selling the business is a bet that the future owner has the means and ability to continue to operate and pay you the rent.
Sale is a one time, take the proceeds and go

30 years is a good run

 

[badluck]

Just learned they closed. What a bummer.

 

[DWC]

How much did they charge for an annual?

 

[bocco]

I no longer live in Livermore, so I don't know if a new boat shop opened in the location or some other business.

 

[Boat211]

The property was not sold to a boat business. I believe the new owners have something to do with heavy equipment.

 

[RiverDave]

Always a sad day to lose a quality shop. Congrats to Drew though on the sale and hopefully reduced stress!