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. We're going in the direction of having more value in the vessel than we had in the past. As an industry, one of the things weve really tackled is doing some different things with the features, having the electrical and electronic systems be more integrated so its more like other consumer products. 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. 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. 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. When our first building initially got wiped out, we found one of the very few buildings that survived Hurricane Hugo not far away. Do you think thats part of a larger trend? 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. Courtney Guice, administrative vice president. Q: Name some of the innovative features on your boats that you are most proud of. 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 . Dave Wallace, president. Search. The 15 was a wider and longer version of it. Copyright 2023 Great Lakes Boating | Published by Harris Publishing, Inc. 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. Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. Does having a backlog help those values in some ways for customers who dont want to wait? Steve Potts Scout Boats Net Worth: $5 Million So two-thirds of that investment is dedicated to Plant C and the other third is for improvements not only on the site, but also in some of the existing factory. A: Having distinctive features and styling that differentiates us is extremely important. I don't know if there's enough of that type of boatbuilding today. It was kind of like a racing boat that I used as a pleasure boat. Scout Boats, Inc. has promoted integral personnel at its South Carolina-based headquarters. Thats who we are. January 4, 2022. Along with Steve's 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 . Scouts LXF Collection is comprised of luxury sportfish models that showcase a unique blending of high-performance fish boats with high-end cruisers. 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. We review everything with our employees. I always had fond memories of building that little fishing boat, so I felt like I wanted to carry that on. Underwater deck and bow cameras are available as well as underwater LED lights. 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We started sculpturing the seating and introducing some new contrasting colors and doing a lot of things like that. I asked my PR agency, how can we do something so that this doesn't impact [Scout's] reputation? Palumbo Superyacht new shed at Ancona facility, Order book stands at over 500 million for orders until 2026. Required fields are marked *. Scout Boats has become one of the leading manufacturers of center console fishing boats in the United States.Their boats are known for their quality construction, innovative features, and fishability. It's basically two tunnels that have horizontal planing surfaces outboard, before you reach the chines. Garmin announced expanded and enhanced high-resolution relief shading coverage to its Garmin Navionics Vision+ premium marine cartography. For the next six months, we were sort of back where we started. There was nothing else like it at the time. A: It was a very humble beginning just myself, my wife [Dianne] and a helper, literally in a brick barn or a garage. They currently produce 23 models ranging from 17-53. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. Down below, the appointments resemble the elegance of those on a private jet. Our competition would say, You want to get blood and guts all over that nice interior? But if you look at it today, its more the norm and not the exception. I don't know if it's going to be the common motor that you'll see every day out on the water. A: I think thats true. Company Description:? We basically as a family, brick by brick, unloaded what was underneath the building that was leveled and we salvaged what we could. 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. Were probably conservative as it relates to most other builders in that we dont work outrageous hours, we just dont do some of the things. He has an estimated net worth of $5 million.Potts started Scout Boats in 1989 with his brother, Scott. Were very driven as a group. His net worth has been growing significantly in 2020-2021. I certainly wish a lot more consumers would pay attention to their investment and not just what the salesman says or the big and shiny boat you see at the boat show because it is a big investment. Key Principal: Steve Potts See more contacts Industry: Boatbuilding and repairing. Were conservative about the ramp-up on something. Are Scout Boats Worth The Money? I had set out to create distinctive enough appearances and features and styling that separated my brand from others. 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. Since its inception, back in the 1980s, the name Scout has become renowned for its innovation, attention to detail, and exceptional quality. "We've built a team here that will continue to take us into the future," said Potts. Naturally, we were curious, but Lang wasn't about to kiss and tell. So, how much is Steve Potts worth at the age of 54 years old? Weve built a team here that will continue to take us into the future. We dont have much information about Hes past relationship and any previous engaged. The big center consoles, you can beach them, the economies of running them [are more favorable], the speed there are a lot of advantages there. We do a lot of things that are unique. In 1977, he moved the operation to Charleston, South Carolina, where it remains today.Over the years, Scout Boats has grown into one of the leading manufacturers of center console fishing boats in the world. We really work hard on this. Photographs are copyright by law. It can be perceived that we've copied somebody else. Scout Founder Steve Potts Takes Over as CEO. Again, Ive learned what not to do. 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. But we want to be different. During that two-year period our competitors hardly came out with anything. 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. I dont know that consumers want to labor over a boat. But dont let that fool you into thinking that theyre not up to par with other boats on the market. It was an inner-liner boat and foam-filled. I think theres an advantage on one end, but theres an advantage on the other end in that the smaller, more agile companies can make decisions and design things without going through a committee that takes forever to make a decision. Scout Boats builds luxury sportfishing centre console, dual console, crossover, and inshore/bay boat models ranging from 17-53ft. They want to enjoy it, they want to use it, and after its three or four years old they dont want it to sit out there and not be used because its all ragged out. Maybe thats where they want to be, rather than a runabout or cruiser or some other type of boat. It was something we spent a lot of time on. Year after year, the Research & Development team create stunning new model after new model. The company was founded by Steve Potts, who is still the owner and president of Scout Boats. The fact is that we as boatbuilders cant expect consumers to think like we think. 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. 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. Some of these family-founded and operated builders who have succeeded over generations, like the Slikkers and Tiara/Pursuit, and the St. Clairs with Cobalt. We sold Boston Whaler, Bertram, Thunderbird and Ranger Bass boats, so I kind of learned the characteristics of quality boats. I understand that. Ive heard you say that Scout is venturing into some larger models. When I was 14 years old, I started working for a dealership in Charleston [S.C.] called the Outboard Shop. Im proud to see our family of employees grow over the years, and proud to see them grow within the company. Already a subscriber? Having 30 switches on the dash on your boat is cool. 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. Read Next: An exclusive interview with Scout Boats President, Steve Potts, describing the 53 LXF, Scout's largest boat to date! Scout Boats are manufactured in South Carolina, USA. 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. The Swan 108 is the fruit of an amazing research of talents. The first boat by Steve was a 1960's inspired 14-foot called the Scout. They currently produce 23 models ranging from 17'-53'. It takes a lot of infrastructure for you to be a player in that style of boat. Everything we put into them has really paid off. The new 50m luxury yacht is a unique project fully realised by Enrico Gobbi - Team for Design. 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. Today, were taking a look at where Scout boats are made. If you wish to use or buy a photograph contact the photographer directly. BoatingBuddy.com is a participant in the Amazon Associates Program. I think theres a lot of brands that create a glut of late-model used stuff. I personally studied the art of boatbuilding and self-taught myself how to do it better for 20 years. The importance of uniform thickness is critical to our methodology, too. It's a very clean, stylish look that functions very well. Centounonavi Vespro construction proceeding fast. Scout Boats employs over 400 team members at the Summerville facility.The companys commitment to quality craftsmanship is evident in every aspect of the manufacturing process. Theres no question that today theres as many shapes and colors of fiberglass floating around as ever before. View Colleagues. You dont need anything different. Q: And what about the shift into larger boats? 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