Circa 1986, the Boatyard is owned by two men, Dwaine and Jethro. The Boatyard constructed speedboats for specific buyers, with one example being the Squalo built for a Costa Rican drug lord until it was stolen by Tommy Vercetti under orders of Ricardo Diaz. Later in 1986, Tommy Vercetti bought the Boatyard for $10,000 ($5,000 in the mobile version) from Dwaine and Jethro, who later leave Vice City for San Andreas.
Tommy uses the Boatyard as a port of entry for the cocaine shipments, which he then proceeds to distribute in Vice City. When Tommy finishes the boat race in Checkpoint Charlie, the business will generate up to $2,000 in assets.
The Boatyard also appears in Vice City Stories but it is inaccessible and plays no role in the storyline, although it is sometimes featured in smuggling empire missions if the player has a smuggling building site in Viceport.
- The song that can be heard playing in the background during the Boatyard purchase cutscene is "2 Minutes to Midnight" by Iron Maiden. The song is also featured on the in-game radio station V-Rock.