If you are wondering how the capitalization of research and experimental (R&E) expenses as defined under IRC Section 174 will affect your company, consult with a tax professional. Our deck goes inside of the hull, which is different from most builders. If were sold out to some future date, we are very cautious about not overcommitting or having the blind leading the blind out here as far as having too many people being trained. They can use them as a tender, as a cruiser, and some of the boats, the 35s and 30, we have accommodations below deck that can make them a weekender if they want that. Steve Potts, CEO and founder of Scout Boats, is a man with a vision. Scout was founded with a handful of employees and a couple of molds in a small brick building back in 1989 by Steve and his wife Dianne Potts. Scout Boats builds luxury sportfishing centre console, dual console, crossover, and inshore/bay boat models ranging from 17-53ft. The reason we have segregated those two boats we have separate stockrooms, separate management, separate offices, separate everything is because the methodology in building the small boats versus the large boats is different. The 300 LXF was showcased at this year's Fort Lauderdale show. Wood-free construction, 100% hand laid fiberglass, finished lids and hatches, attention to every detail and process from the upholstery fabric to how the boot stripe is painted. If you do not agree to these terms, do not use the services. He is a member of famous with the age 54 years old group. We do a lot of things that are unique. That really helped me. The Nu-V3 hull design is a running surface that we've spent a lot of time on. Sta-Lok to rig 11-strong Clipper Race fleet, This will be the Essex-based company's 3rd edition of partnership. We will not vacate the small boats, just because we have always had the philosophy that we want to keep people in our brand. Today and since 2009 Scout has had, on average, better than 25 percent annual growth. I have a great deal of respect for - and I want my company to emulate - some of the pioneers that did things that were different, like what Dick Fischer did with Boston Whaler. Palumbo Superyachts confirms its strong interest in the Ancona area and thanks to the market conditions that are rewarding the shipyard, it has decided to build a new shed. Those designs are very versatile. ezDrive Thruster, designed specifically for active wake surfing, wakeboarding and watersports and other small boat enthusiasts, is again sponsoring the World Wake Association's (WWA) women's division at Nautique USA National Wakesurf Championships. Dave Wallace, president. These are all things that are important to the boat. Ive heard you say that Scout is venturing into some larger models. Onboarding new customers can also be powerful for word-of-mouth marketing, and repeat and referral business. You dont need anything different. Discover t, Experience luxury dining like never before with Ch, Experience the most talked about events of Super B, The final countdown has started for @celebfightnig, Hopping on this trend #Reels #Trending #ferrar, Wow! I dont know that consumers want to labor over a boat. "I've always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout," Potts said in a statement . Its part of their character and their designs, and I think once you lose that and you get a big group of people that is just going through the motions, I dont think its the same. But in the 30 years since theyve been around, theyve made a big splash in the industry.So where are these impressive boats made? I didnt know any way to go about it other than the old-fashioned way, which was to do side jobs, work and put as much money away as I possibly could. Everything we put into them has really paid off. How gracefully that brand ages and the reputation of the brand is really tied to what their investment and resale value would be. I personally studied the art of boatbuilding and taught myself how to do it better for 20 years. They currently produce 23 models ranging from 17'-53'. Q: How many boats are you building a year and will that also change? Along with Steves son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout employs nearly 450 dedicated employees today (with plans to hire an additional 100+ employees over the next 12 months) across an expanded multi-building campus as their headquarters. We have always been a family owned-and-operated company, and Im proud to say our Scout family is comprised of both blood and non-blood individuals., Ive always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout, add Potts. Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. Other recent Scout 53s went to a Vegas casino owner and a Latin pop star. Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. How many outboards can you strap on a transom? We hand-lay everything, so those thicknesses are uniform from boat to boat. I am going to go back again to my days as a teen working at the Outboard Shop. There are very few disadvantages that you see with the big stay-in-the-water-type boats. Even though we add the plushness to them, you can still hose them out and not have to baby them. Boatbuilding is very passionate. The purpose of the media campaign was an effort to get the media to understand that if you're going to write features, understand the history - and be accurate - before you publish such powerful statements. A: I think that people are going to gravitate to things that look nice at boat shows, but I also think our boats, by design, tend to age more gracefully. This Privacy Policy sets forth the privacy practices with respect to your information when you use our software, mobile applications and services (Services) . We did a lot of homework. Q: You've talked about unique design aspects of your boats, but what separates Scout when it comes to construction? As a boatbuilder, theres a difference. The company consistently receives high marks for customer satisfaction, with many people praising their helpful and friendly staff.Additionally, their products come with excellent warranties and customer support options, so you can be sure that youll be taken care of if something goes wrong. Consumers need to start hearing the message that we're doing things with running surfaces, with building materials and with other design aspects so that when a boat's a few years old it doesn't look like it's falling apart. My feeling is that in a lot of those cases its somewhat of a bean-counter mentality. The bottoms of all of our fiberglass lids were polished. Without advocacy, the marine industry wouldn't have a voice. Have you been able to keep up with demand and what kind of backlogs do you have? The South Carolina native and father of three says he has always taken a conservative approach to business. A: It was a very humble beginning just myself, my wife [Dianne] and a helper, literally in a brick barn or a garage. Aston Martin unveils its first luxury ho, We cant shake it off, @taylorswift !! Dave has been my right hand for 22 years running the day-to-day operations, and its only fitting that he assumes the role of president for the company hes been so crucial in helping grow for more than two decades.. The man behind the company is president and CEO Steve Potts. From the very first 14-footer to the now expansive offering of more than 20 class-leading models ranging from 17'- 42', one of the many consistent items that sets Scout . Epoxy-infusion provides more stability in the hull while reducing the overall weight in the boat, countering the long term industry belief that a larger boat has to be heavy to perform. Since its founding more than three decades ago, the company's goal has been to manufacture the best-built boats in its distinctive sportfishing niches. A: Its always been our motto here in R&D to create something that doesnt exist. LXF for us is luxury fishing vessels. Reports from retailers and manufacturers following the boat shows, coupled with an informal survey I conducted with sales and marketing executives, tell me we need a mixed bag of tricks to address new-boat sales and the state of consumer confidence. It wasn't all smooth sailing. I asked my PR agency, how can we do something so that this doesn't impact [Scout's] reputation? For 50 years Ive had my hands on my craft, and on building a successful business. They offer an impressive lineup of vessels, from small fishing boats to large yachts, and their customer service is top-notch. I had set out to create distinctive enough appearances and features and styling that separated my brand from others. Potts started Scout Boats in 1989 with his brother, Scott. Scout Boats are manufactured in South Carolina, USA. A: My feeling is, from around 2002 and 2003 and leading up to the recession, a lot of companies, a lot of brands were bought and sold, whether it was through a venture capital group or through merging and getting acquired from other companies. Zane Henderson. The salon is bright and airy, thanks to large windows and skylights.The galley is well-equipped, and theres plenty of storage throughout the boat. Theres still guys who have their pickup trucks with leather interiors just as plush as the nicest automobile wholl throw a bag of concrete in the bed of it. Also learn how He earned most of networth at the age of 53 years old? This was in 1967. Scout is a debt-free company. And we did it. Along with Steves son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout employs nearly 450 dedicated employees today (with plans to hire an additional 100+ employees over the next 12 months) across an expanded multi-building campus as their headquarters. The company initially operated out of a small garage, but it has since grown into a major operation with over 200 employees and annual sales in excess of $50 million. #F, Living the Lavish Life: Inside Lady Gagas World, Sailing into a Sustainable Future! Dave has been my right hand for 22 years running the day-to-day operations, and its only fitting that he assumes the role of president for the company hes been so crucial in helping grow for more than two decades, Potts said. We really work hard on this. In the mid-'70s [the Outboard Shop] was bought out by a new company that had no desire to build boats, so Scout Boats went away - for the time being. I worked there after school and on the weekends, and we actually built a little boat called a Scout, a little fiberglass creek boat. However, we can take a look at some of the key factors that might influence your decision.Firstly, Scout is known for its quality products. I was 37. Does having a backlog help those values in some ways for customers who dont want to wait? It seems like it's going to be very expensive, very specialized. They had several paragraphs saying what a clever design this was, that [the builder had] incorporated tempered glass and the boat has this beautifully shaped T-top. It was something better than that. Down below, the appointments resemble the elegance of those on a private jet. Some of its kind of reversed and gone the other way. This Policy also describes the choices you can make about how we collect, use and disclose your information when you provide it to us on any EPG Media & Specialty Information properties will not collect, use or disclose your personal information other than in compliance with this Policy. Q: Did you grow up around the water and boats? An example of data being processed may be a unique identifier stored in a cookie. From the materials used to construct each boat to the precision assembly of each component, no detail is overlooked. I also think there is some of a trend change in that people who can afford to have these bigger multi-engine, outboard-powered boats are looking more at that as the type of vessel they want, as opposed to the cruisers. Heres what you need to know about the Scout 42:The Scout 42 is a luxurious cruising yacht that was designed with comfort in mind. Q: What is today's consumer looking for in a boat - fuel economy, value, customer support? Thats just speculation, but thats what we hear. It was kind of like a racing boat that I used as a pleasure boat. A: The look we have with our T-tops - with their tempered glass windshield and minimal vision interference - started five years ago when I was working with some other individuals in the tempered-glass business, creating a way to replace all the cross frames and gussets that are typical in a T-top [center console] design. So I did. Follow these simple instructions to enable JavaScript in your web browser. Onboarding new customers can also be powerful for word-of-mouth marketing, and repeat and referral business. Scout Boats, Inc. warrants to the Original Purchaser that the hull and deck of the boat will be free from manufacturing defects for a period of FIVE (5) YEARS from the date of purchase by the Original Purchaser.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'boatingbuddy_com-large-leaderboard-2','ezslot_8',109,'0','0'])};__ez_fad_position('div-gpt-ad-boatingbuddy_com-large-leaderboard-2-0'); Yamahas Scout Boat is a versatile watercraft thats perfect for both fishing and recreation. Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. I saw rotten transoms, rotten stringers, separated hull and decks. A: I can only speak about the coastal fishing boat market. Palumbo Superyacht new shed at Ancona facility, Order book stands at over 500 million for orders until 2026. The Swan 108 is the fruit of an amazing research of talents. Having been in the marine industry since I was 14, I knew that one day I wanted to do my own thing and apply all the things Id learned to do and learned not to do. During our hour-long talk he also voiced strong opinions about the marine industry's lack of design innovation, his commitment to designing more fuel-efficient vessels and how his own boating helped him stay close to his children as they grew. County leaders and officials with Scout Boats Inc. near Summerville break ground Tuesday on the company's new 120,000 square-foot facility, the manufacturing site for the 530 LXF boat. A: As you start getting in the arena of boats that sell for six figures and above, there are a lot less builders and a lot less competition. A: Long-term value. The 15 was a wider and longer version of it. I was impressed with the designs of the Moppies and Bertrams. Are you expanding your current footprint or adding buildings? No one else in the industry has even come close. That helps us with the brand image that we have. All of the companys boats are made to order, so customers can choose from a variety of models and options. Q: And what about the shift into larger boats? This article originally appeared in the June 2011 issue. Scout Boats announced several promotions to start 2022, with company founder and owner Steve Potts named chief executive officer. Theres a lot of big-boat-itis out there. He is from United States. Steve Potts was born on 7 May, 1967 in Hartford, Connecticut, United States. Stainless accents can be found throughout, while two single beds come together to make one large King berth. Q: Youre adding factory space. They're passionate boatbuilders. Scout Boats was founded by South Carolina-resident Steve Potts - a man that continues to this day to be on the shop floor daily working on the models - back in 1989. Photographs are copyright by law. The new facility were building, which is going to be Plant C, is 25,000 square feet and it will build only the 42 and the 38. Without advocacy, the marine industry wouldn't have a voice. position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. The company was founded in 1989 by Steve Potts, who is still the CEO and owner today. Q: And that plant will cost $2.5 million? Q: There seem to be roughly the same number of builders as before the recession, despite so much hardship, but not all have thrived the way Scout has. As a new boating season gets underway, the top threat to boater access and businesses that depend on the marine industry is the federal governments proposed speed restrictions along much of the Atlantic coast of the United States. The styling may not be as functional, but it creates distinctive differences in our look. Steve Potts doesnt reflect a lot on the history of Scout Boats, but the Mount Pleasant, S.C., builders 25th anniversary this year prompted him to take a look back at what has led to Scouts double-digit post-recession annual growth. Q: How do Scouts hold up for resale? Obviously our revenues going to grow quite a bit because of the introduction of the 42 and the 38 and some of these other bigger models. Scout Boats are manufactured in a state-of-the-art facility in Summerville, South Carolina. A: Yes, I did. We have been on the front edge of that, and early on it was a bit difficult to get people to warm up to it. That really concerned me. It was really myself, my wife, and at the time my 12-year-old son, who today is the vice president of development, and my 9-year-old daughter. Thats where the name Scout came from. Scout Boats was founded by South Carolina-resident Steve Potts - a man that continues to this day to be on the shop floor daily working on the models - back in 1989. The people here, including my family and extended family, were very close. Ashley Richardson. But we want to be different. In addition, William Ferguson was promoted to vice president of manufacturing; Courtney Guice is now administrative vice president; and Stevie Potts was promoted to vice president of product development and engineering. These internal promotions take long-standing employees and elevate them to new positions, as well as position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. In a lot of cases our industry goes back two and three decades in technology, even so much as analog wiring. We meet every month. This article originally appeared in the December 2014 issue. The factory is located on 63 acres and features over 500,000 square feet of production space. Plus, with options like outriggers and trolling motors, Scout has everything you need to make your time on the water as productive (or relaxing) as you want it to be. Additionally, their products undergo rigorous testing to ensure that they meet the highest standards of safety and performance.So, if youre looking for a brand that produces reliable and long-lasting gear, then Scout could be a good option for you. A: One of the things is our methodology. From project to reality. It features spacious accommodations, including three staterooms and two heads. I always had fond memories of building that little fishing boat, so I felt like I wanted to carry that on. . It was a galvanized shed with a dirt floor. For more information on Scout and any of its innovative model lineup; to request a brochure, quote or test drive; or to build your own Scout model, visit www.scoutboats.com today. Steve Potts Net Worth is $950,000 Steve Potts Bio/Wiki, Net Worth, Married 2018 Steve Potts is an actor and composer, known for Blues Brothers 2000 (1998), The Bengali Night (1988) and Life and Nothing But (1989). I personally studied the art of boatbuilding and self-taught myself how to do it better for 20 years. Their first boat was a simple, quality skiff. A: Having a conservative philosophy about growing the business, the facility that we have now is all under one roof and it was built in five phases. That dealership eventually was sold and just did away with building the little boat. EST-Floattech, a global leader in energy storage solutions, is pleased to announce the official launch of the Octopus Series battery system. We also got details about the expansion Scout is undergoing to begin production of its largest boats ever a 38-footer and a 42-footer. Along with Potts' son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout now employs nearly 450 . We have our own R&D facility and we do just about everything as far as design and tooling. I looked at this from a lot of different angles. Scout was founded with a handful of employees and a couple of molds in a small brick building back in 1989 by Steve and his wife Dianne Potts. Scout Boats has just begun generating clean renewable energy to power their manufacturing facility located in Summerville, S.C. During a ceremony held on May 10 the CEO of Scout Boats, Steve Potts, flipped the switch to unveil the new 592 kilowatt (kW) solar energy system and announce the addition of a second solar energy system to be constructed at Scout Boats by Hannah Solar Government . We dialed it in and incorporated it in our boats. Sta-Lok Terminals Ltd. is returning as the Official Standing Rigging Supplier for the upcoming edition of the Clipper Race. Read the full policy here: https://epgmediallc.com/privacy-policy/, Scout founder Steve Potts takes over as CEO, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Groupe Beneteau ramps up focus on sustainability, ABYC Technician Award nominations due Friday, Coast Guard Foundation hires regional director, IYRS school earns ABYC MTAP accreditation, Boat Owners Warehouse sponsors Suncoast Boat Show, NMMA to host American Boating Congress webinar, Yamaha opens new Marine Innovation Center. Steve Potts, CEO and Founder of Scout Boats. / Scout Boats, Inc. July 9, 2022; . So, how much is Steve Potts worth at the age of 54 years old? One of the things thats unique about Scouts is the fit and finish. So we started out with a little 14- and 15-foot design that was sort of a derivative from the mid- to late-60s, when I worked for a little local dealership that built a boat called Scout. Scout Boats are actually built in Thailand!Thats right, these top-quality vessels are crafted in Asia. Because we developed so many new models, we kind of reinvented the company. What else is helping the popularity of these boats? I made up my mind that as soon as I made $50,000, that was going to be at the point where I was going to start my business. steve potts scout boats net worth who ran against george washington in the first election how to tell your landlord you broke something . Steve Potts has been working as a Owner at Scout Boats for 34 years. Scout Boats. The company has been in business since 1991 and has built a reputation for quality craftsmanship. Q: Many companies that actually grew during the tough years say they were conservatively run, which enabled them to step up model rollouts in those lean times. Q: What features or styles do today's Scout boats have that were present on those first boats? If you prefer gear that looks stylish and modern, then Scout might not be the best choice as their designs are fairly traditional.However, if you value function over form then Scouts products could be exactly what youre looking for. Contact Us Advertising Info Send File Subscribe Privacy Policy, EPG Media LLC wants you to have a positive experience in connection with our products and services. We had the business going from February 1989 and had a handful of dealers seven or eight in the Carolinas. They typically are handsome, with impressive workmanship and fit and finish. Scout Founder Steve Potts Takes Over as CEO. I have done what they do, and I know what its like when they go home. He is not dating anyone. The guy I was renting the brick barn from rebuilt and we moved back in February or March of 1990. We started sculpturing the seating and introducing some new contrasting colors and doing a lot of things like that. They own the land they sit on, the buildings on this land, and even the transportation that delivers the models. I had this as a teenager. The first design was pretty high-end with a good finish. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. The Critchfield was a long and skinny pointed-bow boat with a lot of horsepower - 150 hp, which was the biggest anyone made at the time. That consumers want to labor over a boat better for steve potts scout boats net worth years, impressive... T all smooth sailing its first luxury ho, we cant shake it off, @ taylorswift! got about. Yachts, and on building a successful business the Swan 108 is the fit and finish is. 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