Boat broker finds the market is still there, just more spread out

Eric McCarthy
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BLOOMFIELD - Business was good for Mark Hackett at the West Prince Marine Show.
"I have three deals on the go right now, since getting here," said the owner of Hackett Enterprises. The show had only opened to the public two hours earlier.
Hackett buys and sells fishing boats and gear and helps find sales for fishing licences. He also has a crew employed building lobster traps for sale.

Mark Hackett, left, owner of Hackett Entreprises, talks shop with his brother Donald Hackett during the marine show. Hacketts company buys and sells fishing boats and equipment and builds and sells lobster traps. Eric McCarthy/Journal Pioneer

BLOOMFIELD - Business was good for Mark Hackett at the West Prince Marine Show.
"I have three deals on the go right now, since getting here," said the owner of Hackett Enterprises. The show had only opened to the public two hours earlier.
Hackett buys and sells fishing boats and gear and helps find sales for fishing licences. He also has a crew employed building lobster traps for sale.
On his table were pictures of fishing boats. He said one prospective buyer, after viewing his display, was already on his way to check out one of the boats.
Hackett has been doing this sort of work for 22 years. He also fishes fall lobsters. "That's my vacation," he says with a smile.
Buying and selling, Hackett admits, is getting harder, with time.
That's partly due to business being so spread out. Some of the boats he buys and fixes up for resale make their way to fishing waters as far away as the United States, Iceland and Greenland. There's a small network of dealers who assist in finalizing sales.
Hackett said the number of buyers and sellers usually evens out.
Locally, Hackett said the price of lobster gear has nose-dived. "Some have dropped over $100,000 since last year," he said.
The drop in price, he said, is market driven: "...the way everything is going, with the price of lobster dropping and the way the economy is."
While that might be good for someone looking to get into the fishery, finding the financing can be challenging. "Bankers are a little nervous," he acknowledged.
"Today," he said, "I'm just showing people what I have on the go."

Organizations: Hackett Enterprises

Geographic location: United States, Iceland, Greenland

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  • Timothy Reeves
    January 16, 2014 - 14:47

    Mark i heard of you through my uncle (Tom Reeves) who bought a boat from you in 2005. i been looking for either a provincial or a hutt commerical boat for crabbing 45 foot in lenth. my cell number is 856 207 0182. my partners cell number is 856 285 4579. thank you for your time. i look forward to hearing from you