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The insertation Sailing tour organisers

"We organize sailing trips on the Baltic Sea/Atlantic Ocean and Canary Islands. To expand the business we want to buy a 2nd yacht. This is to be used in the Middle Sea and in the winter of Canaries or the Caribbean. The purchase price is €280 thousand net. We envision participation as a silent shareholder, minimum participation is 5000 per share. A return of 5% is expected or 1 week of free sailing that would then be about 9% return. Further 5% of the annual proceeds for the boat are invested as reserves for impairment. The boat remains the property of the shareholders and on sale after about 5 years the proceeds of the sale will be distributed. Yachts have a 20-year tax depreciation period. Thus, the loss of value in 5 years is only about 22% in the whole 5 years. Shareholders can also participate as skippers for a few weeks a year if proof of qualification is appropriate...."

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