1/2 ownership of a Commercial fishing boat - $20,000 (Bodega Bay)

1/2 ownership of a Commercial fishing boat 1

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Spud Point Marina near #C41

boat type: commercial boat

propulsion type: power

condition: good

length overall (LOA): 40

model name / number: Steel commercial fishing

year manufactured: 1974

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I have owned this vessel, The Maria E, for almost 3 years and have also commercial crab fished as a deckhand for other captains for 3 seasons. During that time I have lived aboard the Maria E during fishing season and have continued to work on her. She has been dived on and the zincs inspected. At this point I feel the need to bring in another person to contribute the needed cash to bring her up to loanable status. For $20,000 the person would become one-half owner and we would use the 20K to buy the needed parts and materials to make the vessel operable, which would include hauling her out and recoating the hull. I would supply all labor but I would look forward to having another mind thinking about the vessel, and a partner to share in the excitement.

At the finish point, which should take a month or two, I would suggest that we have the vessel surveyed. I believe it would be valued at at least $60,000. The boat could then be used as collateral for a loan of about 120K, to purchase a 300 pot crab permi, used pots, and related crab fishing equipment such as an insert, some type of mast, a lifeboat etc. Worst case scenario is we could sell the boat and each make at least 10K in a couple months. Another option I have seriously considered would be to move the boat north to a port that is more crab fishing friendly.

Please text me for more info if you are interested. I have about 20 photos of all aspects of the vessel. Also I have loan contacts as well as personal references.

Gary show contact info (Text preferred)

PS: I would like to find someone before the upcoming crab fishing season

post id: 7885158198

posted: 2025-09-29 18:58

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