Hargrave Custom Yachts and Yacht Building Industry

Originally used by the Dutch to target pirate vessels, today’s yachts are luxurious ships used by the rich for leisure and sport. The yacht building industry, as a result of the expensive nature of the product being produced, has a very small consumer base able to support it. Even the least expensive yachts available cost at least several hundreds of thousands of dollars on average. Further compounding this problem, is the variety of different options consumers with these kinds of discretionary funds have available for their leisure options. Not only are the manufacturers competing with other yacht builders, but also the distributors of sports cars and other expensive toys for the rich and influential.  Competition within the yacht construction industry itself is fierce, with about a dozen manufacturers controlling close to eighty percent of the total market share. With high starting costs in material and labor, it is a difficult industry to gain entry into. An aspiring entrepreneur needs architects, engineers and managers to oversee the construction of the yachts, and highly skilled employees of this kind are paid at a rate commensurate with their talents. Although in recent years there has been a reduction of the costs of the materials used in the construction process, the price of the finished product has also gone down, keeping profits at a fairly stable level. Those who have the ability and the drive to work past these challenges however, find themselves supplying some of the wealthiest customers in the world with a …

Trending Today: Hargrave Custom Yachts, WMR Performance Racing, Johnson & Wales University, South Florida Radiation Oncology

Trending Today is an award-winning television series that features innovative trends from around the globe from the latest in technology, cutting edge products, education and more. We live in a world that is moving at lightning speed and we showcase the best of the best in all of these industries. Our team is comprised of individuals who have worked for some of the top cable and TV networks including: NBC, HBO, Discovery and more. We are all very passionate about the entire process, from finding those trend blazers, to documenting the incredible stories of our clients, to editing the content for the world to see and hear. We are committed to showing the viewers a diverse mix of different industries from some of the top trending companies. In a recent episode we focused on Hargrave Custom Yachts, WMR Performance Racing, Johnson & Wales University and South Florida Radiation Oncology. Hargrave Custom Yachts is a custom luxury yacht builder based in Fort Lauderdale, FL. For over 30 years, owner Michael Joyce has been providing his clients with the ultimate in luxury boating. A tremendous amount of detail goes into building these beautiful yachts, from the dining salon, galley, staterooms, jacuzzi and steering stations. They are like fully contained floating mini-cities that feature their own sewage treatment plant and power plant. However, no two boats are the same, it’s all custom from top to bottom.   WMR Performance Racing is a race shop that was started in 1999 based in Stuart, FL …