Is my boat worth restoring?

I have a 69 sea ray boat. The seats are back to back and on one rail. At the very back of the boat the hull forms into a configuration so you can sit on eather side of the engine. If I look under the dash I can see the gas tank and all the way to the end of the bow. The capacity plate says the boat is made for 6 people with 150 lbs for each person. The engine capacity is for a 130 hp engine. The total weight it can handle is 2460 lbs. it has no engine on it I can't turn the stearing wheel and it needs a new flore badly. I think would need to replace the structural boards under the flore and reform it because its like walking on a sponge. It has an AM/FM radio. I have not measured the dement ions of the hull but its a large one. It would also need a little repair in the bow where it has cracked. I can do the fiberglass work but idk if its worth it.

Mitchell Hammond2013-05-15T13:53:08Z

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You probably won't get your money out of it if you decide to sell it. I have an old woody that was rescued from a burn pile and it was almost as much work as building a new one, unless its rare or sells easily I don't think it's worth your time.

Capt. John2013-05-15T10:56:22Z

It doesn't sound like it is worth the money to restore. I built boats (and restored a few) for 40 years. Restoring one in that condition can be worse then building a new one. Considering there is not an inboard motor in good condition, and no 'sentimental' value - I wouldn't bother.
It sounds like an awful lot of hard work to salvage what? A capacity plate and am/fm radio?

CB2013-05-15T10:03:55Z

Poke around the bottom of the transom and the rear of portiion of the bottom and look for soft spots in the glass and from the inside look for rot in the back bilge (where the water settles before going out of the transom drain). Issues here mean a lot of work.

Derrick S2013-05-15T10:47:06Z

As old as this boat is, I'd scrap the old heap. For the amount of time and money you'd put in, you could get a nice running boat to use for many years.