40 Young Brothers 1987 Boat for Sale

The Boat: "Last Mango" (Named for the Jimmy Buffett song: Last Mango in Paris)

The boat is a 1 owner boat. It was purchased from the Young Brothers Boats of Maine by its current owner in 1987. The Young Brother's built only 550 boats.  They became famous for building iconic, rugged, and fast "Downeast" or "lobster-style" hulls. Designed by master boatbuilder Ernest Libby Jr., the legendary semi-displacement fiberglass hulls were praised for their speed and seaworthiness. The owner used the boat for over 20 years as a commercial longlining fisherman, rebuilding/re tooling as needed. In 2004, he had it rebuilt/customized as a fishing charter boat, including, added hard top, marlin tower with helm, Rupp outrigger's and a complete re power with a new single Volvo engine that now has only 1175 (at time of this writing) since the last major rebuild/overhaul in 2024. The engine is fuel efficient yet powerful enough to get to the fishing grounds fast and with the boat design, it does so comfortably for the clients. It has clean lines, dual helms due to the added marlin tower and plenty of comfortable seating for clients. The boat has been designed for the full off shore fishing experience for the clients, with the fighting chair, tuna door, extra rocket launchers, outriggers, teaser reels, 2 ice boxes, bait well and so much more all designed with an open cockpit and plenty of room to reel in the big ones! There is one cabin and one head with a shower. The boat is custom designed for client experience in mind with lots of bench seating under the hardtop (Shade!) with 3/4 enclosed issenglass, and cup holders. This vessel is not only designed for fishing, but the full charter experience for the guests. This boat has been chartered for many of the local fishing tournaments and brought in a lot of winners over the years. The boat was just surveyed by a SAMS/NAMS certified surveyor who is also a marine structural engineer who has deemed the vessel in good condition and was very impressed overall with the boat in general. (Survey can be made available to serious buyers.)

The boat is being sold at it's pre listing survey valuation of $185,000. 

The Business:

The successful LLC has a proven, over 20 years, history with hundreds of 5 star reviews on multiple social media outlets. A customer database of over 2400 clients. 5+ owned domain names and a proven dedicated website. The seller is even willing to include the businesses cell phone and transfer the Kingfish ticket to the new owner. The business will come with an outfit of fishing gear as well. (full list to seriously interested buyers) The LLC is being sold for $300,000 which is 3 years of gross receipts plus value of other business assets.

Please see brokers notes for important info about the legalities needed for closing/changing ownership of the vessel and the business.

• 2004 Volvo TAMD 7.43 DC 450 HP inboard diesel 1175 hours (SMOH) 
• Fresh water cooled
• Raw water exhaust cooling
• Flyby wire steering
• 360 gallons fuel, 2 x180 gallons each 
• 60 gallons fresh water tanks 2x 30 gallons
• 30 gallons black water tank
• HVAC- 1 Cruisair in cabin
• FE 241 Dry chemical fire suppression system

• AC Power- 30 amp shore power
• DC Power- 4x12 v DC batteries
• Battery switches
• Pro Mariner Pro Sport HD12 battery charger
• Sony stereo
• Chest freezer (below helm bench)
• Large cooler (below cockpit seating) 
• 3-bilge pumps

• Furuno radar (not connected)
• GPS#1- Garmin GPSMap 7610 xsv (lower helm) 2025
• GPS#2- Garmin GPSMap 7610XSV (lower helm) 2025
• GPS#3- NavNet C Map NT (tower helm) 2025
• GPS #4- Garmin 2026 
• Autopilot- Simrad AP 24 (Lower helm)
• Depth, fish finder, speed log and AIS all GPS integrated with NEMA 2000
• Furuno GPS/WAAS Navigator
• VHF Radio #1- Icom IC M 325G (lower helm)
• VHF Radio #2- Standard Horizon Explorer (tower helm)
• Volvo engine gauges

• Semi displacement hull
• solid fiberglass hull
• hard top-fiberglass
• Huge freezer box under helm seat
• Huge live well
• Fish box
• Large cooler box
• Rupp outrigger's
• Plethora of rod holders and rocket launchers
• 2 mounted teaser reels
• 1 plough anchor
• 25' 5/16' chain
• 25' rode to 300
• cockpit lights
• fighting chair
• tuna door
• Salt and fresh water wash down
• L shaped seating with cushions on port and starboard under hard top
• Ships bell, brass
• Epirb
• 12 adult type1 lifejackets12 adult and child type
•  2 lifejackets
• 1 life ring
• 4 fire extinguishers

• There is one large open cabin in the bow.
• Work table area
• 1 large sleeping berth
• Rod storage
• private head with shower and vanity

This transaction will require a 2 part closing process.

• Part one: The coast guard documented vessel at the cost of $185,000 which includes just the boat and integrated boat equipment as listed herein. Standard marine vessel closing processes/fees apply. (Co-brokers note: this is what the 10% commission is based on ONLY)
• Part two: The transfer of LLC business. Cost: $300,000. Terms of this sale will be determined/agreed upon by both buyer and seller.  This will require a, mutually agreed upon (between buyer and seller), contract attorney to draw up terms and condition of transfer of ownership of assets and contents of the LLC. Closing fees determined by and paid to said contract attorney separately from vessel closing. Business structure notes: There are currently no payroll employees of the business. Single operator/owner/manager LLC.