PURCHASE A NEW YACHT FOR SAILBOAT INC. CHARTER FLEETS
HUGE 2008 TAX ADVANTAGES WITH THE ECONOMIC STIMULUS ACT

We made a decision about two years ago to get out of the new boat business.  Sailboats Inc. was started strictly as a new boat dealership with over 350 C&C’s sold between 1973 and 1991.  About half of these C&C’s were sold into our charter fleets that we began in 1976 in Bayfield.  We still operate these fleets and a supporting Learn to Sail & Cruise business that, since 1980, has graduated 11,000 bare boat charter certified sailors. These graduates are the reason the cruising sailboat business has been so strong in our market.

For the past six years, I have been spending winters in Florida but I make it a point to get to the Strictly Sail shows in St. Petersburg and Miami each year.   My friends in the business were telling me that they couldn’t recall worse new boat sales interest.  From all I see, the situation is serious.  This comes at a time, not unlike the 70’s, when sailing is increasing in popularity due to its environmental purity.  Sailing has always been a “Green” activity.  This environmental awareness will spur additional Learn to Sail and Charter activity…a business we started in 1976 and have operated successfully for 32 years.  The over-riding economic problems today will actually increase interest in chartering.

We need new boats for our charter fleets in Bayfield and Superior. Congress has made the incentive, 60% first year depreciation for charter boat ownership so powerful, for 2008 ONLY, that the time to buy the boat of your dreams is now.

Here’s how we propose helping you do this:

1.  When I started Sailboats Inc. in 1971 our communication was strictly snail mail and the telephone.  Fax didn’t come along until the 80’s.  Today, anyone can go to YachtWorld.com and determine in seconds what each dealer has in inventory.  The three criteria for this special opportunity fits an individual who will:

a) Have a 2008 tax liability from income that would benefit from the exceptional first year depreciation of 60% of purchase price for 2008 ONLY.

(We emphasize, as we always have, the importance of seeking the advice of your own tax consultant.  We are simply calling attention to the Congressional action making this business opportunity available to certain taxpayers.)

b) Want to own a boat but wants it in a successful charter business for some years.

c) Want to take advantage of the opportunity that exists for new 2007 and 2008 models.

2.  We have slips available in Bayfield and Superior to accommodate the ten (10) additional boats we forecast demand for in Bayfield and the six (6) in Superior.  Superior, being 1.5 hours closer to the Twin Cities than Bayfield will see increased charter demand in today’s economy.  Additional boats are also needed in our Manitowoc and Chicago fleets.

3.  You can identify the new 2007 and 2008 model you would like to consider from www.yachtworld.com.  Sailboats Inc. will negotiate a purchase price of this boat in your behalf. The exceptional tax benefits are limited to 2008….60% depreciation in 2008 on full purchase price.  That’s $120,000 on a $200,000 purchase. 

Congress has provided an incentive equal to what we had in the ‘70s.  I’m personally excited about this opportunity and intend to be involved directly in this effort.

Please call me at 218-348-7010 for any clarification or better yet tell us the boat you are interested in buying.  If I’m not available call Angie Moen or Tim Bauernfeind at 1-800-826-7010.                                                      

HAPPY SAILING!

Jack Culley, Founder & CEO

ESTIMATED 2008 CASH FLOW & TAX BENEFITS ON $200,000 PURCHASE:  Approximately proportionate for other amounts.  $100k 50%, $300k 150% etc.

Sailboats Inc. urges the individual to review this purchase and charter contract with his tax advisor.  We are not tax advisors.  We have operated our Charter/Sailing Instruction business for over 30 years.

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Corporate Office: 250 Marina Drive • Superior, WI 54880