![]() Since that modest beginning the company has built more than 37,000 boats in its 65,000-square-foot factory, and has annual sales of $10 million. In 1967, when I was finally making more money from the hobby than my real job, I moved into boatbuilding full time, he recalled. Wife Lou, who is still active in the business, oversaw the embryonic stages of the company. In 1964, while employed at Ford Aerospace, he began building boats as a hobby. MacGregors studies at Stanford produced a business model based on the sailboat industry that he eventually used as the blueprint for the company. The company was founded by Roger MacGregor as a hobby following his successful completion of the MBA program at Stanford University, where he graduated Phi Beta Kappa, second in a class of 200 he had previously graduated Phi Beta Kappa with a degree in economics from Occidental College. MacGregor endured by sticking to a business plan that is strong on financial and management principles and devoid of romance. ![]() A year later, the number of boatbuilders shrank from 46 to 22. Located in Orange County, California, its plant sits across the street from the former headquarters of Westsail and Islander in a neighborhood that in 1973 built more than 24,000 boats with a retail value of $88 million. MacGregor Yachts, one of the largest builders in the US, has a well-established reputation as the producer of inexpensive boats.
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