My assumption: There is likely a venture capitalist/private equity group behind tommy’s expansion that should have a 1st position deed of trust on everything except most of the floor plan boats. The VC will acquire all of Tommy’s assets and Malibu will likely work with them 1st to establish a new dealer, or who the VC chooses to sell to. The sweetheart building leases with the old owners will be canceled and replaced with new sub market leases. 
 

As part of the new deal, the new dealer will continue to sell the repo boats for the floor plan lender. From that point forward it is pretty much business as usual. 
 

The only thing I see messing this up is if Tommy’s has another senior lender or is valued at more than the VC/PE’s loans. 

Just now, oldjeep said:

On the other hand - selling boats, in a recession with rising interest rates.  Any port in a storm.

I suppose.

We’d use this as an opportunity to reshape the dealer network in the image for the future unless the financials were existential. Not sure what Malibu will do.

Quick question I just had a complete rebuild of my monsoon 335 I upgraded the can to a Elgin e-1135-p cam, new plugs,wires,coil pack, relays, everything new. And I can’t get it to idle on its own with out throttle. Talked to a couple people and they tellin me I got to retune for the cam? Anyone had this issue before? And any truth to having to re tune the motor?

9 minutes ago, braindamage said:

I ran the distribution network for a large industrial company for many years.
 

We would first offer to dealers who are contiguous, stable, and good partners. For those locations where there isn’t a local fit, we’d then look for a small quantity of large dealers who are looking to expand.

In no scenario would we want the owners who sold back as a general rule.

On the other hand - selling boats, in a recession with rising interest rates.  Any port in a storm.

I ran the distribution network for a large industrial company for many years.
 

We would first offer to dealers who are contiguous, stable, and good partners. For those locations where there isn’t a local fit, we’d then look for a small quantity of large dealers who are looking to expand.

In no scenario would we want the owners who sold back as a general rule.