Reed’s Marine: The Art of Succession Planning


The lunch crowd’s last stragglers offer a wave and nod as Bill Gage walks swiftly through his restaurant and selects a seat inside a plush corner booth with a picture window view of Lake Geneva. He sits down, inspects the silverware for spots (there were none) and jokes about how he inherited an eye for detail from his dad.

Bill’s first job was scrubbing boats and pumping gas at Gage Marine. As a teenager he diversified to learn other areas of the family business — all under the watchful, tutoring eye of his father. After earning a business degree and spending more than a decade in the corporate world working in New York, LA and London, Bill returned to eastern Wisconsin for what he insists was a life opportunity — not money.

“I told my dad I hope it’s the best pay cut I ever take,” Bill laughed. “I’m kidding, of course. Wisconsin is a great place, and the Midwest values are something wholesome and simple and I’m glad to be from here.”

Unexpectedly losing his dad to cancer soon after taking the reins of Gage Marine suddenly left Bill with more questions than answers, but a well-trained staff, support from fellow dealers (even “competitors”) and a drive to carry on the family legacy provided the three-legged stool he needed to succeed. 

“There were responsibilities I didn’t have my dad’s mentorship, guidance and leadership for,” Bill said. “Joining a 20 Group was helpful, and as MRAA came along I found it useful to help with processes and to make things that aren’t just forgotten — but can be repeated.” 

Today, business at Gage Marine remains strong: boat sales are up north of 12 percent year-over-year, and Bill’s outlook for 2016 and beyond is “very optimistic.”

But Bill stresses Gage Marine does far more than “just” sell boats. The sprawling lakefront property boasts an award-winning restaurant, modern service center, inviting gift shop and complete pier services. Slip vacancy has been extremely limited, and the Pier 290 Restaurant has become one of the area’s best places to find a fresh meal and welcoming company.

Oh, and lest we forget the USPS mail boat moored at Gage Marine and which this year celebrates a century of delivering parcels and packages to lake residents — 75 of which still rely on the The Walworth for their “snail mail.” 

Gage Marine recently hosted a 100th birthday party for the historic vessel, and Dallas Cowboys quarterback Tony Romo visited Gage Marine after the celebration for a special celebrity jump. (click here to see more)

Gage Marine has been a member of MRAA since 1988, and Bill stressed the online resources, professional network and “having someone answer the phone when you call” make the annual decision to renew one of the easiest he makes during the course of a year.

“Joining MRAA may not guarantee your success, but I believe it’s a great part of it,” Bill said. “We find, through MRAA, resources that we can fall back on and help train our staff, stay in business and ultimately being as successful as we can be.”

Protective Asset Protection Attains Platinum Partnership Status with MRAA

Offering protection for stern drive, inboard, outboard, diesel and personal watercraft such as Jet Skis, Protective Asset Protection serves thousands of marine, automotive, power sports and RV dealerships throughout the United States. The company was recently recognized with a 2016 Dealers’ Choice Award by Auto Trader Today, and hosts a full menu of interactive training.

With more than 30 years of providing customized F&I solutions for marine retailers, Protective Asset Protection has paid out more than $2 billion in claims and has 3.3 million active customer contracts. Currently carrying a dynamic portfolio of marine protection plans, guranteed asset protection and tire and wheel protection, Protective Asset Protection is focused on helping marine dealers’ customers enjoy greater peace of mind. 

Protective Asset Protection joins a continually growing roster of boat manufacturers, vendors and suppliers that have chosen to support the dealer community through partnership with the MRAA. Find a full menu of partner benefits here.

Boaterz ‘n Bikerz Hull of a Tour3 is Revving Up for 2016 “Pacific Coast Rush”

 

Boaterz ‘n Bikerz Hull of a Tour3 is

Revving Up for 2016 “Pacific Coast Rush”

 

June 30, 2016, Venice, FL – Boating industry bikers are throttling up for the upcoming Pacific Coast Rush,” a week-long escorted motorcycle tour from Seattle, WA to San Francisco, CA, including a two-day swing down to Big Sur and Monterey.

As part of the “Boaterz n Bikerz of America Hull of a Tour” series originally launched in 2011, this summer’s event kicks off July 23 and features a full week of scenic mountain and waterway riding including stretches along the famed Pacific Coast Highway. This year’s tour brings together boating industry and motorcycle enthusiasts confirmed to date from Florida, Ohio, Washington State and California. It is sponsored for the second year by Freedom Boat Club, along with marine media sponsor Soundings Trade Only, platinum sponsor Regal Boats, event, producer/publicist Kenton Smith Marketing, and boating host/marine retailer Alexander Marine USA.    

 “Pacific Coast Rush is going to be awesome, launching amid the spectacular mountains of the great Northwest, then traveling south via the most stunning coastal roads of California, with rides along the rim of Crater Lake in Oregon and winding through the majestic Redwoods, encompassing multiple beach and iconic west coast destinations,” said Hull of a Tour Event Organizer Wanda Kenton Smith. “Our first tour in 2011 traveled 3000 miles from Destin, Florida to San Diego, CA, while last year’s Freedom Ride covered 2000 miles from Sarasota, Florida to Washington DC. This year, our road captain Jim Krueger of Regal Marine has planned another 2000-mile boating and motorcycling extravaganza that covers some of the most breathtaking geography and terrain in all of North America.”

As is tradition, boating activity is an integral part of the tour agenda.

”Previous tours have included a sunset ride aboard a 90-ft. party boat in Texas, San Diego bay cruises aboard a new Beneteau sailboat and new power yacht, and last year, one of the highlights was watching a command performance of the Blue Angels aboard deckboats in Annapolis, courtesy of Freedom Boat Club. This year, the tour is pleased to partner with and welcome both Regal Marine and its Northwest retailer, Alexander Marine USA. They are hosting our group for a scenic brunch cruise and tour launch in Seattle. We’re working to finalize one or two more boating stops along the route and welcome West Coast opportunities.”

The Boaterz ‘n Bikerz Hull of a Tour3 “Pacific Coast Rush” is designed for seasoned motorcyclists with group riding experience. The tour is restricted to those gainfully employed or retired from the boating industry, and their sponsored guests; friends are welcome to join so long as an industry rider is participating.  

“It’s no too late … we welcome any boating industry folks who would like to join us for a day, or for the entire tour,” said Kenton Smith. “Half the fun is making new friends who share our love of boating and motorcycling, so we welcome all who would like to be part of this year’s very exciting adventure.”

Hull of a Tour offers nationally discounted group rental rates through Eagle Rider, along with pre-negotiated round trip Florida-Seattle-San Francisco transport/courier options for motorcycle hauling. A dozen motorcycles have already been booked for the Florida transport.

Previous tour events have attracted national media attention with coverage in boating, motorcycle and general media, along with regional TV and local news. Kenton Smith, national marketing columnist for Soundings Trade Only since 1998, will post daily tour blogs throughout the event and has been commissioned to write a major feature story for Born to Ride Magazine.  

For tour/hotel information along with required ride waiver, email Kenton Smith – wanda@freedomboatclub.com and/or request membership in the exclusive Hull of a Tour Facebook Group:  https://www.facebook.com/groups/HullofaTour/ 

 

Contact: Wanda Kenton Smith
wanda@kentonsmithmarketing.com
(407) 697-8055

###

Meet MRAA’s New Membership and Benefits Specialist