The cross between these two popular recreational marine mainstays allows one to enjoy amenities on this collection normally only found on much larger sportfishers. Those companies that do what they do consistently like we do, and a number of other companies that we compete with I think that investment part of making a decision is important. Q: What do you think of the new big outboard - the 557-hp from Seven Marine - that was intro'd at the Miami Boat Show? I was one of the guys who tweaked bottoms to gain a mile an hour or two. Are they becoming more family boats because of the styling and comfort, combined with functionality? I understand that. You are responsible for regularly reviewing this Policy and any changes thereto. He has an estimated net worth of $5 million.Potts started Scout Boats in 1989 with his brother, Scott. So if youre in the market for a new boat, be sure to check out what Scout has to offer! The Nu-V3 hull design is a running surface that we've spent a lot of time on. Are you expanding your current footprint or adding buildings? Phone Email. Q: You've talked about unique design aspects of your boats, but what separates Scout when it comes to construction? It isnt like flipping a switch or youre just going to build bigger molds and bigger fiberglass pieces.Thats probably going to limit the number of people getting into it. 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, Inc. has made a number of personnel changes at its South Carolina-based headquarters. I dont know that consumers want to labor over a boat. Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. Thats where the name Scout came from. Everything we put into them has really paid off. How did you get the company going and what were some of the early hurdles? When I was 14 years old, I started working for a dealership in Charleston [S.C.] called the Outboard Shop. Q: Did you continue working in the marine business as a young adult? ", "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," add Potts. The company was founded in 1989 by Steve Potts, who is still the CEO and owner today. I don't know if there's enough of that type of boatbuilding today. 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. . It depends on what you are looking for in a brand and what your personal preferences are. 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. Centounonavi Vespro construction proceeding fast. 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. So I think theres a little bit of a trend and growth in that market segment, but I dont think its a huge market segment as far as the number of boats that are being sold. His net worth has been growing significantly in 2020-2021. And we did it. Manager, Human Resource. It wasn't all smooth sailing. Manage Settings Q: How is your work force projected to grow? Scout Boats is a family-owned and operated business that has been building boats for over 50 years. 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. Does having a backlog help those values in some ways for customers who dont want to wait? 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. Thats not to say the economics of running a business are exactly the same, whether its a company that does billions of dollars or millions of dollars. 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: I think thats true. In fact, Scout Boats have won numerous awards for their design and performance.So why Thailand? During that two-year period our competitors hardly came out with anything. In a lot of cases our industry goes back two and three decades in technology, even so much as analog wiring. It was unlike what most dealers had ever seen before, and there wasnt much competition because it wasnt a typical coastal fishing boat. General Recreation built campers, sailboats, powerboats and a variety of things. Thats how we got started. We wanted to develop a boat that could be used in shallow water, but also have the ability to put outriggers on it and run offshore and catch king mackerel. The South Carolina native and father of three says he has always taken a conservative approach to business. Look no, Cant get enough What is your dream car? It is a little adventurous to take a bay boat and run 30 miles offshore. Q: And that plant will cost $2.5 million? Get a D&B Hoovers Free Trial. Scout Boats are manufactured in a state-of-the-art facility in Summerville, South Carolina. A: I can only speak about the coastal fishing boat market. He and his wife, Dianne, founded Scout in 1989, setting up shop in a small brick barn. Onboarding new customers can also be powerful for word-of-mouth marketing, and repeat and referral business. When Steve decided to build boats himself, he turned to his youthful endeavors and secured permission to use the Scout name. Ive been a boatbuilder all my life, starting in my teens, said Steve Potts. I'm a boatbuilder and focus all my energies on building boats. The flybridge provides ample seating and excellent visibility.And when it comes to performance, this boat does not disappoint she cruises at 18 knots and has a range of over 350 miles. The boat is powered by Yamahas reliable outboard engines, and it comes complete with all the necessary safety equipment. Copyright 2023 Boating Industry Steve Potts's income source is mostly from being a successful . We have estimated Steve Potts's net worth, money, salary, income, and assets. One thing not to do is basically dont run a good horse to death and not maintain our quality. Notable industry-first innovations over the years include: You cant talk about Scout without talking about its flagship model, the stunning 420 LXF. They're passionate boatbuilders. It was all fiberglass. This year, for instance, the Charleston builder introduced the 251 XS, a 25-foot center console that marries the characteristics of shallow-water and offshore boats. There is no simple answer to the question of whether or not Scout is a good brand. 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: Are you working on any other new boats? 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. That was really important to me - I wanted people to know it was a Scout, even without seeing the name on the side. 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. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. If someone wants to tournament-fish, they can. Because we developed so many new models, we kind of reinvented the company. The first plant was opened in 1989 with three employees. In addition to his role at Scout Boats, Potts is also an active philanthropist. Some of its kind of reversed and gone the other way. I look forward to new models from South Carolina builder Scout Boats. It takes a lot of infrastructure for you to be a player in that style of boat. We dont have much information about Hes past relationship and any previous engaged. The importance of uniform thickness is critical to our methodology, too. I know we're in a litigious society. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The bottoms of all of our fiberglass lids were polished. We review everything with our employees. There was nothing else like it at the time. Whether youre looking for a weekend getaway or extended cruising, the Scout 42 is an excellent choice. 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. 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. 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. Well, it turns out that theres a rich history of boatbuilding in this Southeast Asian country. But we came out of the period between 2008 and 2010 with 18 new models. Either people getting out of it or moving in a different direction or whatever. Supporting women's division at Nautique USA National Wakesurf Championship. He is currently single. 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. Many boat maintenance tasks are put off due to the A Connector for Nearly Any Global Shore Power Need, Complex Data Reined-in with Stylish Touchscreen, High-Torque Access Plates Shine in Tough Environments, New Pumps Combine High Flow, Low Power Draw, Water Spot Protection Easy as Spraying a Hose. At the time, there were a number of companies doing similar curved windshields, but we wanted to do something different. It was a pretty aggressive vee-bottom hull that would go fast. During the 1970's, the simple Scout design and name disappeared, but Steve had such fond memories of that simple, effective fishing boat that he wanted to continue the name. 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. Things were going well, and we were very profitable and the next big challenge that hit us was the Great Recession. Q: Name some of the innovative features on your boats that you are most proud of. The styling may not be as functional, but it creates distinctive differences in our look. We really work hard on this. The first boat by Steve was a 1960's inspired 14-foot called the Scout. As an Amazon Associate, We may earn from qualifying purchases. That approach enabled Scout to enter the Great Recession debt-free. Do you think thats part of a larger trend? But dont let that fool you into thinking that theyre not up to par with other boats on the market. That really helped me. "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 . 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. It was an inner-liner boat and foam-filled. It features spacious accommodations, including three staterooms and two heads. What About Older Scout Boats? Steve Potts moves full time to CEO of the company, Dave Wallace has been named President, William Ferguson has been promoted to Vice President of Manufacturing, Courtney Guice has elevated to Administrative Vice President and . From the materials used to construct each boat to the precision assembly of each component, no detail is overlooked. Scout Boats announced several promotions to start 2022, with company founder and owner Steve Potts named chief executive officer. We did a lot of homework. I personally studied the art of 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. It can be perceived that we've copied somebody else. There is enough hype that goes behind some of these brands that customers and dealers could start looking at a boat and saying, "Yeah, that's a good-looking design - that's a Boston Whaler look." Advances in battery technology particularly lithium-iron-phosphate and more efficient, higher-output inverters are inching closer to enabling on-board comforts without an internal combustion generator. 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. Running surfaces - both our Air-Assist and Nu-V3 hull designs - are things I'm proud of. A: Today were right at 850 a year. 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. Q: You recently wrote a letter to marine publications about unnamed companies copying Scout's T-top/windshield design. We're going in the direction of having more value in the vessel than we had in the past. But we want to be different. I think brands and companies have come and gone [due to] the lack of having a succession plan. I used that same analogy. According to our Database, He has no children. Share on Twitter 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.. We would build the boats during the week, and during the weekend Id put them behind my pickup truck on a little tandem trailer and we would deliver them. 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. I personally studied the art of boatbuilding and taught myself how to do it better for 20 years. Palumbo Superyacht new shed at Ancona facility, Order book stands at over 500 million for orders until 2026. The 420 LXF is the sixth model in this category to date, headlining the 255, 275, 300, 320 and 350 LXF models. They currently produce 23 models ranging from 17-53. It's basically two tunnels that have horizontal planing surfaces outboard, before you reach the chines. Theyve even created a series of short videos that bring you into the facility and show you exactly how the boats are made differently, and made better. As a boatbuilder, theres a difference. We do a lot of things that are unique. Scout Boats has grown steadily for the last 22 years and now builds fishing and day-cruising boats from 14 to 35 feet. Q: Other than Scout boats, what boats do you admire? Following the posting of such non-material changes, your continued use of any EPGs websites will constitute your acceptance of these changes and you will be bound by such changes. What Is The Difference Between A Kayak And A Canoe. The first boat that Steve built was a modest 14-foot design that was based on the boats of the 1960's; specifically, a small boat that Steve had worked on called the Scout. Without advocacy, the marine industry wouldn't have a voice. 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. How did this develop? So, how much is Steve Potts worth at the age of 54 years old? But in the 30 years since theyve been around, theyve made a big splash in the industry.So where are these impressive boats made? It was a brick building with a galvanized roof. It allows me to focus on what the next three-, five-, and 10-year plan is for the company.. Scout Boats are manufactured in South Carolina, USA. Find contact details for 700 million professionals. 3 midfirst.com; cox.net; hertz.com; 5+ 405922XXXX; 405204XXXX; 405943XXXX; 405767XXXX; 310270XXXX; 405403XXXX; Steve Potts President. Dave Wallace was named president. We recently had the opportunity to work with Scout Boat customer service when we were considering upgrading our boat.We found them to be extremely helpful and knowledgeable, and they made the entire process easy and stress-free. The company has been in business since 1991 and has built a reputation for quality craftsmanship. This Privacy Policy sets forth the privacy principles we follow, in accordance with our operations. A: It was a relatively simple creek boat - a saltwater fishing boat. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. Scout Boats, Inc. has made a number of personnel changes at its South Carolina-based headquarters. So, how much is Steve Potts worth at the age of 54 years old? We currently have six. Not the Steve Potts you were looking for? Each May, the NMMAs American Boating Congress gathers marine industry stakeholders in Washington, D.C. and includes discussions with members of Congress and administration officials about whats affecting the marine industry and where we need their help. By using the any of our websites and/or making online requests of products, you agree to the terms and conditions of EPGs Policy. Scout boats are definitely a high-quality option when it comes to choosing a boat. The number of boats we produce will increase moderately, but not nearly as much as the revenue side because the bigger boats have so many more dollars in them. I want Scout to be successful long after Im gone. A: Im glad you mentioned that because that has been a struggle. Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. It was something better than that. So I made up my mind in the mid-80s to start working hard besides raising a family and coaching soccer and doing all the other things dads do to start working toward saving money and starting my own business. Get introduced. Scouts built a reputation for being first-to-market with innovations throughout its history, and the 420 carries the company philosophy forward with perks like the optional hydraulic port side beach platform with stowable pocket ladder ideal for boarding/de-boarding safely away from the transom and engines and the optional three Garmin 17 or 19 touch screens at the helm. Q: This segment has been one of the few weve seen make a rebound. The provisions of this Policy apply to all such mobile access and use of mobile devices. In its nearly 30-year history, Scout has established its presence and continually gains market share each and every year at a significant rate against competitors that have been around for much longer. Thunderbird/Formula - which is the Porter family - I have admired what they have done. EST-Floattech, a global leader in energy storage solutions, is pleased to announce the official launch of the Octopus Series battery system. Scout models arent just stunning to look attheyre also packed with many first-to-market innovations and features. We may offer you the ability to connect with our websites or use our applications, services, and tools using a mobile device, either through a mobile application or via a mobile optimized website. In Plant A we build everything from 17 to 25 feet, and in Plant B we build everything from 27 up to 35. 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. The answer may surprise you Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. The factory is located on 63 acres and features over 500,000 square feet of production space. Save my name, email, and website in this browser for the next time I comment. #F, Living the Lavish Life: Inside Lady Gagas World, Sailing into a Sustainable Future! I would ski with it, run around and fish with it. All of the companys boats are made to order, so customers can choose from a variety of models and options. It was something we spent a lot of time on. 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. 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. Economically sound, with recent plant expansion of a new manufacturing building and a custom spray booth. Some have gotten out of the real big boats and gone to something simpler, which is a big center console versus a great big cruiser or inboard-powered boat. A: We always have a minimum of four new boats going at a time. A: Being a fisherman I love to do a variety of types of fishing, and I think a lot of boaters do, too. Modern with bold exterior lines, the new Kiribati 38 project is a collaboration. Steve Potts Scout Boats Net Worth: $5 Million Steve Potts is the co-founder and CEO of Scout Boats, a South Carolina-based company that manufactures and sells fishing boats. We have a new 17, two new 22s, two 27s and a 31 and a 38 - that's what we're developing. We still incorporate the Air-Assist design in our 15, 16, 17 and 18. 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. 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We put into them has really paid off division at Nautique USA National Wakesurf Championship moving in a state-of-the-art in! With three employees hertz.com ; 5+ 405922XXXX ; 405204XXXX ; 405943XXXX ; 405767XXXX ; ;! In Charleston [ S.C. ] called the Scout 42 is an excellent choice labor over a boat that! First plant was opened in 1989 by Steve was a brick building with a galvanized roof the of...
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