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Lake Cumberland Marine????
- Thread starter Wrinkleface
- Start date
Davidmnc
Contributor
BraceYourself
Charter Member
I personally liked Randy Hartman. I bought a 42 tiger from him and liked his sales techniques.
HTMike
New member
Hammer01
New member
Well said Chris, this only hurts anyone who is a boat owner. This continues to drive boat values down and discredit the good that this sport has to offer. Any negative comments on his personal life should be off limits. I do hope that this creates some fair market buys for those in a buying position because it is a shame to see such a beautiful arsenal of boats sit there in litigation for a LONG time in these typical circumstances. Hammer
PokerRunStu2000
New member
Perhaps you would all like to read their Press Release before trying to buy a cheap boat -
Lake Cumberland Marine working through economic tsunami!
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PRESS RELEASE
Marine Retailer Seeks Reorganization
Somerset, KY (July 19, 2009) – Lake Cumberland Marine, LLC , one of the World’s largest Marine retailers, reacted to ongoing floor plan and banking difficulties by filing a voluntary petition under Chapter 11 of the Bankruptcy Code on July 19, 2009, in the U.S. Bankruptcy Court , Eastern District of Kentucky. Given the havoc that has gripped our global economy, banks have made a major exodus from the recreational lending arena at a staggering rate. The company’s cash position was severely affected by the loss of these credit lines. It is against this economic backdrop and unprecedented credit crisis that Lake Cumberland Marine has encountered a need to file for Chapter 11 reorganization. The company sees protection under the court petition as the most viable option to continue to confidently provide its customers with the same high level of sales and service that they have come to expect.
Incorporated in 1995, Lake Cumberland Marine, LLC quickly developed a niche for high quality watercraft and high performance boats. From 1995 through 2009, Lake Cumberland Marine, LLC has diversified its inventory to include even the most exotic powerboats and mega yachts. Through all the years of hard work, dedication to quality and exemplary customer service, Lake Cumberland Marine has developed a reputation for providing the highest quality to a vast clientele list all over the world.
Lake Cumberland Marine has retained L.S. Associates, a highly reputable management team from Louisville, KY, to develop a reorganization plan that will enable LCM to preserve its product offerings, current vendor and customer relationships. While working through this process, Randy and Von Hartmann, Managing Members, stated that the company’s clients can confidently anticipate a continued guarantee of quality products and superior sales and service as Lake Cumberland Marine, LLC moves forward. Sales and service operations remain at the same location, 105 Collins Avenue Somerset, KY. The company will be represented in these proceedings by Taft A. McKinstry of Fowler, Measel & Bell, LLP in Lexington, Kentucky.
Please contact Randy Hartmann if you have any questions. You may also want to visit our website at www.lakecumberlandmarine.com . As normal, we have a great selection of new and pre-owned powerboats.
Lake Cumberland Marine working through economic tsunami!
--------------------------------------------------------------------------------
PRESS RELEASE
Marine Retailer Seeks Reorganization
Somerset, KY (July 19, 2009) – Lake Cumberland Marine, LLC , one of the World’s largest Marine retailers, reacted to ongoing floor plan and banking difficulties by filing a voluntary petition under Chapter 11 of the Bankruptcy Code on July 19, 2009, in the U.S. Bankruptcy Court , Eastern District of Kentucky. Given the havoc that has gripped our global economy, banks have made a major exodus from the recreational lending arena at a staggering rate. The company’s cash position was severely affected by the loss of these credit lines. It is against this economic backdrop and unprecedented credit crisis that Lake Cumberland Marine has encountered a need to file for Chapter 11 reorganization. The company sees protection under the court petition as the most viable option to continue to confidently provide its customers with the same high level of sales and service that they have come to expect.
Incorporated in 1995, Lake Cumberland Marine, LLC quickly developed a niche for high quality watercraft and high performance boats. From 1995 through 2009, Lake Cumberland Marine, LLC has diversified its inventory to include even the most exotic powerboats and mega yachts. Through all the years of hard work, dedication to quality and exemplary customer service, Lake Cumberland Marine has developed a reputation for providing the highest quality to a vast clientele list all over the world.
Lake Cumberland Marine has retained L.S. Associates, a highly reputable management team from Louisville, KY, to develop a reorganization plan that will enable LCM to preserve its product offerings, current vendor and customer relationships. While working through this process, Randy and Von Hartmann, Managing Members, stated that the company’s clients can confidently anticipate a continued guarantee of quality products and superior sales and service as Lake Cumberland Marine, LLC moves forward. Sales and service operations remain at the same location, 105 Collins Avenue Somerset, KY. The company will be represented in these proceedings by Taft A. McKinstry of Fowler, Measel & Bell, LLP in Lexington, Kentucky.
Please contact Randy Hartmann if you have any questions. You may also want to visit our website at www.lakecumberlandmarine.com . As normal, we have a great selection of new and pre-owned powerboats.
GENERAL LEE
Founding Member - E Dock
I'm definitely not happy to see them having troubles, and I like Randy personally as well. They always have the newest of the top branded boats out there on display.
MarylandMark
Charter Member
Any truth to the rumor "Dean from the land of all is well" works for them? :lurk5:
Good luck.
Offshoredrillin
New member
Sad to see, when I was thinking of upgrading a year or so ago, I called and asked for some additional pics and Randy was great on the phone, pics were received very quickly as well as a follow up call. Best of luck in coming through this...
Sean Stinson
Founding Member/Contributor
My opinion is that now he has entered Chapter 11 all of his credit lines are probably frozen which means he will have to sell everything off and the last of the Big dealers will probably end up being a small dealer or will be sold to another group who will become the dealer......I like Randy and wish him the best of luck!!!!!
The marine industry is an ever changing presence or beast is probably a more appropriate term that eats, chews, and spits out the most worthy of groups.....I think the large grandiose dealerships are a thing of the past!!!! What will become now is factory direct sales from the custom builders much like the eighties that will deal strictly in cash, what I mean is most marine financing programs will be a thing of the past and if you do finance a purchase you will be financing it with your own money. Satellite servicing centers will be set-up around the country to service the product in the field!!!! And I will bet you dollars to doughnuts that there probably won't be more than a dozen of those!!!!!!
It's a sad state of affairs these days my friends so I have to ask you one last question as I sign off for the day...... "For those of you that voted Democrat this time around are you happy with the way things are evolving?????" Personally I think it's all a bunch of horse doodoo!!!!!!
The Illustrious One
The marine industry is an ever changing presence or beast is probably a more appropriate term that eats, chews, and spits out the most worthy of groups.....I think the large grandiose dealerships are a thing of the past!!!! What will become now is factory direct sales from the custom builders much like the eighties that will deal strictly in cash, what I mean is most marine financing programs will be a thing of the past and if you do finance a purchase you will be financing it with your own money. Satellite servicing centers will be set-up around the country to service the product in the field!!!! And I will bet you dollars to doughnuts that there probably won't be more than a dozen of those!!!!!!
It's a sad state of affairs these days my friends so I have to ask you one last question as I sign off for the day...... "For those of you that voted Democrat this time around are you happy with the way things are evolving?????" Personally I think it's all a bunch of horse doodoo!!!!!!
The Illustrious One
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