Established in 1977, Schooner Creek Boat Works grew from a group of dedicated craftspeople building wooden sailboats to become recognized as one of the finest re-fit and repair boatyards in the nation as well as building large commercial and recreational boats. Currently, they are building 65’ catamarans for the commercial charter market and are consistently very busy with their refit and repair boatyard. Additionally, they offer repairs on lifeboats of ships in the commercial dry dock in Portland.
Their facility is located on the main channel of the Columbia River, Hayden Island in Portland Oregon with a facility containing multiple service bays, an indoor paint booth, and an outdoor service yard capable of housing dozens of vessels. Their workspace also includes two travel lifts, several floating service slips, and a floating dry dock.
In 2015, Shauna and Kevin Flanigan purchased the company with the goal of growing 75%. The company currently employs 42 people, up from 25 in the last couple years, and have improved the business model to develop growth strategies and gain market share.
OMEP collaborated with Schooner Creek Boat Works leadership team to clarify their business model and determine growth strategies. The growth strategies included focusing more on a particular market segment to increase Schooner’s Creek Boat Works competitive advantages. Key initiatives were developed and Schooner was able to exceed their growth goals. Additionally, Schooner’s mission, vision, and values were refined to provide alignment within the company and further define their differentiators externally.
The company achieved remarkable gains, including an 89% growth by diversifying their business model, a cost savings of $360,000, and creating 17 new jobs. Additionally, they have been able to sell build slots for future construction projects to secure the future of the company.
LEarn About OMEP’s Process!
OMEP has exceeded my expectation in their ability to help my business meet the goals we have placed before ourselves.