Todd, I''m guessing you''re looking at a Midshipman-class Cheoy Lee. They were built in the 70''s at a time when CL believed they could make everything themselves at cheaper prices, thus competing well in the New Boat marketplace. (Today we call this a ''vertically integrated'' company). The snag is that they could do simplier things okay but more challenging things less well, and a buyer needs to keep that in mind. E.g. they could laminate okay but did a terrible job of gelcoating; they could run wires but may have used poor wire and not understood how a boat uses electricity; they could cast metal but not necessarily to the strength specs a
winch or
windlass requires.
I would regretably give a CL boat of that era a pass. But if it seems suitable for your purposes, question all the gear not made by 3rd parties, expect some of the basics to need attention over time (shaft, tanks, DC wiring & breakers), plan on a big/messy but not expensive or overwhelming deck job (DIY job), and be thankful the spars and
rigging have already been tackled, since the CL pieces could prove problematic.
Jack