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Author Topic:   Restoration of 1968 Sakonnet

RyanProV1x posted 04-20-2014 11:36 PM ET (US)
I [am] restoring a 1968 Sakonnet. First of all, I am taking on this project in hopes of turning a small profit. The hull is in great shape due to only being in water between 1968 to 1971. It sat outside from 2001 to present. I am sure mother nature took its toll on the outboard. It has its original Johnson Super Seahorse 65-HP motor. I haven't touched it, yet, besides cleaning it. The mahogany is all there and in need of restoration. The gel coat on the hull has small spider webs, but looks great. Also, the boat came on its original Tee-Nee trailer. That said, since I am not someone who has tackled a project like this. I have restored around 100 pieces of teak outdoor furniture and feel good about taking on the wood restoration part of the job--leaving the hull and engine. I don't know if I should try to restore the engine for resale value since it is the original one, or if it even makes a big deal, at all. Also, should I pay top notch to sand and gel coat? I have done research on this Whaler and cannot find much on the Sakonnet. I am curious if I have a nice boat or a really nice boat. Thank you ahead of time to anyone who can give me any advice.
jimh posted 04-21-2014 12:40 AM ET (US)
Ryan' asks:

quote:
...should I pay top notch to sand and gel coat?
If you hope to turn a profit on the restoration and sale of this 1968 SAKONNET, you should not pay anyone "top notch" for their labor or services. Those costs will be too great to permit you to make a profit. Plan to do all the work yourself.
jcdawg83 posted 04-21-2014 09:05 AM ET (US)
Good luck with your project. If you are really looking to turn a profit, do as little as possible to the boat and motor and sell it quickly. I am assuming you bought the boat for very little, so every dollar you put into it is a dollar you must recoup. Get it cleaned up, get the wood in pretty good shape and get the motor running (or not) and turn it around quickly. Even if you do all the work yourself, you will find yourself getting paid minimum wage or less if you put in the hours necessary to get the boat in top condition.
Boat are a lot like classic cars. The first rule is; what you have in it has nothing to do with what it is worth. The second rule is; it is only worth what someone is willing to pay for it. You have a 46 year old boat and motor, the pool of prospective buyers is not going to be very large. The true enthusiasts will be seeking perfection and that is expensive to obtain. The buyer who likes the novelty of the older boat will be looking for reliability and a lower price, not a great recipe for profit for you.

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Author	Topic: Restoration of 1968 Sakonnet
RyanProV1x	posted 04-20-2014 11:36 PM ET (US) I [am] restoring a 1968 Sakonnet. First of all, I am taking on this project in hopes of turning a small profit. The hull is in great shape due to only being in water between 1968 to 1971. It sat outside from 2001 to present. I am sure mother nature took its toll on the outboard. It has its original Johnson Super Seahorse 65-HP motor. I haven't touched it, yet, besides cleaning it. The mahogany is all there and in need of restoration. The gel coat on the hull has small spider webs, but looks great. Also, the boat came on its original Tee-Nee trailer. That said, since I am not someone who has tackled a project like this. I have restored around 100 pieces of teak outdoor furniture and feel good about taking on the wood restoration part of the job--leaving the hull and engine. I don't know if I should try to restore the engine for resale value since it is the original one, or if it even makes a big deal, at all. Also, should I pay top notch to sand and gel coat? I have done research on this Whaler and cannot find much on the Sakonnet. I am curious if I have a nice boat or a really nice boat. Thank you ahead of time to anyone who can give me any advice.
jimh	posted 04-21-2014 12:40 AM ET (US) Ryan' asks: quote: ...should I pay top notch to sand and gel coat? If you hope to turn a profit on the restoration and sale of this 1968 SAKONNET, you should not pay anyone "top notch" for their labor or services. Those costs will be too great to permit you to make a profit. Plan to do all the work yourself.
jcdawg83	posted 04-21-2014 09:05 AM ET (US) Good luck with your project. If you are really looking to turn a profit, do as little as possible to the boat and motor and sell it quickly. I am assuming you bought the boat for very little, so every dollar you put into it is a dollar you must recoup. Get it cleaned up, get the wood in pretty good shape and get the motor running (or not) and turn it around quickly. Even if you do all the work yourself, you will find yourself getting paid minimum wage or less if you put in the hours necessary to get the boat in top condition. Boat are a lot like classic cars. The first rule is; what you have in it has nothing to do with what it is worth. The second rule is; it is only worth what someone is willing to pay for it. You have a 46 year old boat and motor, the pool of prospective buyers is not going to be very large. The true enthusiasts will be seeking perfection and that is expensive to obtain. The buyer who likes the novelty of the older boat will be looking for reliability and a lower price, not a great recipe for profit for you.