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. We knew that it was unique enough, so we protected it with a patent. 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. Q: You recently wrote a letter to marine publications about unnamed companies copying Scout's T-top/windshield design. In fact, some of the smallest companies grew share the most. 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 . It was, I guess, from famine to feast. Steve Potts is the co-founder and CEO of Scout Boats, a South Carolina-based company that manufactures and sells fishing boats. There was nothing else like it at the time. 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. 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. 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. A: With some models, as much as six months. Soundings Trade Only met up with Dometic Marines Eric Fetchko, president of Dometic Marine Global since April 2020, to discuss consolidation, electrification, technology, market headwinds and more. Get introduced. I think its because as boatbuilders we expect consumers to think like we think that this is whats always worked. 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. "It allows me to focus on what the next three, five and ten year plan is for the company. Today and since 2009 Scout has had, on average, better than 25 percent annual growth. Scout Boats has grown steadily for the last 22 years and now builds fishing and day-cruising boats from 14 to 35 feet. So, how much is Steve Potts worth at the age of 54 years old? He and his wife, Dianne, began building 14- and 15-foot boats out of . 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. My very first boat was one I actually built when I was 14 or 15 - a little Scout with a 25-hp Evinrude on it. The man behind the company is president and CEO Steve Potts. Theres a lot of big-boat-itis out there. Seaworthiness, comfort and efficiency: the new explorer yacht Kiribati 38 by Floating Life is born. Scout models arent just stunning to look attheyre also packed with many first-to-market innovations and features. We basically as a family, brick by brick, unloaded what was underneath the building that was leveled and we salvaged what we could. Do you think the smaller companies will emerge most healthy from this lingering downturn? I think there is market share for us to gain. So, how much is Steve Potts worth at the age of 54 years old? This Privacy Policy sets forth the privacy principles we follow, in accordance with our operations. 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. scout boats inc. Jan 1990 - Present33 years 1 month. A: It's a fascinating piece of machinery. A: It was a very humble beginning just myself, my wife [Dianne] and a helper, literally in a brick barn or a garage. Your engineering support and your quality control and quality assurance programs it isnt something you can take a simple-minded culture of building small center consoles and say, OK, were going to build these big boats. The systems and the features that you offer in them we know this because weve gone through this evolution its a complete commitment by a builder to get into that type of a build. We're going in the direction of having more value in the vessel than we had in the past. And then Hurricane Hugo hit, on the 22nd of September 1989. 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. What Is The Difference Between A Kayak And A Canoe. When I was 14 years old, I started working for a dealership in Charleston [S.C.] called the Outboard Shop. It felt pretty good. It allows me to focus on what the next three, five and 10-year plan is for the company. We ran a number of boats. That is a great design and easier to build than the way we do it. Phone Email. 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. 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. A: We always have a minimum of four new boats going at a time. Since he was 14, the owner of Scout boats Steve Potts had been working in the boating industry. It features a spacious deck with plenty of room for gear, plus a comfortable cabin that can accommodate up to four people. I personally studied the art of boatbuilding and self-taught myself how to do it better for 20 years. I understand that. 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. "For 50 years I've had my hands on my craft, and on building a successful business. I repaired a lot of boats and I learned what not to do. I spent the next 30 years driving Scout to new levels, not only self teaching myself business and management along the way, but learning that surrounding yourself with like-minded, driven individuals was crucial to continued success. 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. Q: Youre adding factory space. I'm a boatbuilder and focus all my energies on building boats. Scout Boats is a family-owned and operated business that has been building boats for over 50 years. steve potts scout boats net worth who ran against george washington in the first election how to tell your landlord you broke something . 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. Within the marine industry, there are numerous manufacturers producing all types of boats for consumers, but none with as much thought and effort as Scout puts into its models. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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 . They own the land they sit on, the buildings on this land, and even the transportation that delivers the models. It was a brick building with a galvanized roof. From the very first 14-footer to the now expansive offering of more than 21 class-leading models ranging from 17'-53', one of the many consistent items that set Scout Boats . We started sculpturing the seating and introducing some new contrasting colors and doing a lot of things like that. If someone wants to tournament-fish, they can. The provisions of this Policy apply to all such mobile access and use of mobile devices. Scout Boats is one of the few remaining family-owned designers and manufacturers of high-end, luxury fishing boats in the 17 - 53 range. Steve Potts, CEO and founder of Scout Boats, is a man with a vision. 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. Id say sometime in the early 70s that little design and that name went away. I started developing a 14-, and a 15- and a 17-foot boat in '88 and '89, and started the company in 1989. 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. Copyright 2023 Great Lakes Boating | Published by Harris Publishing, Inc. Soundings Trade Only caught up with Potts to ask him about starting his boatbuilding business with the $50,000 he was able to squirrel away in the 1980s, and working a night job repairing fiberglass bathtubs and during the day as plant manager at American Sail. 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. It allows me to focus on what the next three, five and 10-year plan is for the company. 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. 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. At an early age I learned what made running surfaces effective. 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 hull designs were very distinctive. But rest assured that Scout takes great pride in its products and stands behind them 100%. Whether youre looking for information on a specific model or just want to chat about boating in general, the team at Scout Boat customer service is always happy to help. If you do not continue to use the EPG websites following a change to our Policy but take no other action with respect to your personal information, our use of that information will remain subject to our Policy as it was in effect prior to the change. We really work hard on this. A: In the mid-'80s, I knew I wanted to do my own thing and I always had an affection for the Scout, and in particular the name because it was an in-demand and a quality fishing boat in the Charleston area that everyone knew about. For 50 years Ive had my hands on my craft, and on building a successful business. We had the business going from February 1989 and had a handful of dealers seven or eight in the Carolinas. 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. From the helm and the key fob, the owner can control features throughout the model with the help of C-Zone digital switching technology as well. Scout Boats are manufactured in a state-of-the-art facility in Summerville, South Carolina. Can you speak to that? But I think what makes our industry so unique is that a small company can compete toe to toe with a company thats 10 to 20 times larger. He has served on the board of directors for several non-profit organizations, including the Coastal Conservation Association and Take Stock in Children. . When our first building initially got wiped out, we found one of the very few buildings that survived Hurricane Hugo not far away. Without advocacy, the marine industry wouldn't have a voice. His son, David Potts, is the vice president and chief operating officer.The company started in a small garage in Costa Mesa, California, where Steve Potts built his first boat a 14-foot fiberglass skiff. 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. 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. 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. Search. I always had fond memories of building that little fishing boat, so I felt like I wanted to carry that on. Stevie Potts, vice president of product development and engineering. 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. They currently produce 23 models ranging from 17'-53'. Scout's 420 LXF, in development for three years, will be introduced in February at the Miami boat show. We did a lot of homework. The company was founded by Potts and his wife Dianne in 1989. He has an estimated net worth of $5 million. 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. Contact your local Scout dealer today to learn more about this amazing vessel!if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'boatingbuddy_com-banner-1','ezslot_4',108,'0','0'])};__ez_fad_position('div-gpt-ad-boatingbuddy_com-banner-1-0'); If youre in the market for a new boat, Scout Boats should definitely be on your radar. 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." 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. The first plant was opened in 1989 with three employees. "I'm proud to see our family of employees grow over the years, and proud to see them grow within the company.". Everything we put into them has really paid off. 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.. Copyright 2023 Boating Industry I think the coastal fishing segment is the SUV and pickup trucks of the boating world. 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. 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. For instance, our reverse-angle transom is aesthetically pleasing. Ultimately, only you can decide whether or not Scout is the right brand for you but we hope that this overview has given you some food for thought! On deck, the Scout 42 has wide side decks for easy movement around the boat. It was something better than that. (Three Garmin 8215 15 screens come standard.) Steve Potts Net Worth. They typically are handsome, with impressive workmanship and fit and finish. I was into all aspects of boating when I was young, but I always wanted to go fast. In addition, Scout Boats manufactures a full range of sizes . I continued in the boat business with a couple of different companies. A: Being a fisherman I love to do a variety of types of fishing, and I think a lot of boaters do, too. When Steve decided to build boats himself, he turned to his youthful endeavors and secured permission to use the Scout name. Scout Boats, Inc. Website. 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. It wasn't all smooth sailing. My biggest concern is that some of these brands are bigger and have a larger chest of money to promote their product than we do. 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. Even though we add the plushness to them, you can still hose them out and not have to baby them. It was kind of like a racing boat that I used as a pleasure boat. Steve Potts has been working as a Owner at Scout Boats for 34 years. 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.. It was a recreational conglomerate like AMF. 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. I am sure these are things that will be addressed. We do a lot of things that are unique. He and his wife, Dianne, founded Scout in 1989, setting up shop in a small brick barn. Theres also an optional SeaKeeper gyro stabilizer, flybridge, articulating rocket launchers that work in conjunction with the retractable SureShade, and a 5-N-1 second row seating configuration that won a marine industry innovation award. This was in 1967. Timeless styling, sleek aesthetics and technology are three main pillars of this flagship. "You probably could guess who they are," he said with a wink. Which one would you choose? But dont let that fool you into thinking that theyre not up to par with other boats on the market. Potts started Scout Boats in 1989 with his brother, Scott. 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. It is a little adventurous to take a bay boat and run 30 miles offshore. A: I can only speak about the coastal fishing boat market. Down below, the appointments resemble the elegance of those on a private jet. The guy I was renting the brick barn from rebuilt and we moved back in February or March of 1990. Soundings Trade Only met up with Dometic Marines Eric Fetchko, president of Dometic Marine Global since April 2020, to discuss consolidation, electrification, technology, market headwinds and more. Continue with Recommended Cookies. How did you get the company going and what were some of the early hurdles? Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. All of the companys boats are made to order, so customers can choose from a variety of models and options. Scout Founder Steve Potts Takes Over as CEO. Q: Is there a lack of innovation in the marine industry? Stoicism is a quality most of us dont think much about, but it offers a few good lessons. The low resistance, high dynamic load block range will now include larger single and single/stand ups in 100mm and 130mm diameter blocks, ideal for backstays, main sheet arrangements and sheets for downwind sails on yachts of various sizes. Underwater deck and bow cameras are available as well as underwater LED lights. 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. Scout Boats has 344 employees. In order to achieve this goal, we may collect information from you. We will not vacate the small boats, just because we have always had the philosophy that we want to keep people in our brand. He is a member of famous with the age 54 years old group. I dont know that consumers want to labor over a boat. Each Scout hull is a true original, as the in-house research and design team works closely with engineering to take concepts from blueprint to production more efficiently, growing the company's world-class reputation for quality, strength, durability and value. You are responsible for regularly reviewing this Policy and any changes thereto. Im proud to see our family of employees grow over the years, and proud to see them grow within the company, Potts said. Dave Wallace was named president. These are all things that are important to the boat. 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. 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. Potts lives on the water in Charleston with his wife. Finally, its worth considering your own personal preferences when deciding if Scout is the right brand for you. A: Yes. That helps us with the brand image that we have. No one else in the industry has even come close. We wanted to do something that really jumped away from the pack. 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