Summer 2010
The Official Newsletter of Allied Marine Stuart.
Sales tax cap could increase boat sales Supporters say law that goes into effect July 1 will make state more competitive Legislation recently signed into law by Gov. Charlie Crist is expected to result in smoother sailing for Florida yacht sellers, builders and buyers. The Jobs for Florida Bill that will become law July 1 includes a cap on sales tax for boats sold in Florida to be set at $ 18,000. The change would affect sales of boats sold at greater than $ 300,000. Officials with the state’s $13.6 billion marine industry said the bill’s approval will boost the state’s competitive edge, bringing it more in line with other states and countries. Recent studies have shown at 63.4 percent of boats sold by Florida brokers did not close the sale in state, or register the boat in Florida and therefore did not pay state sales tax. A high sales tax has long been cited as one reason for Florida’s waning appeal with yacht owners, many of whom have been lured away to nearby coastal states with lower or no sales tax.
“ It could bring boating back to the size industry it was a few short years ago.”
At Allied Marine yacht sales in Stuart, 100 percent of its new boat inventory exceeds the $300,000 price point. Allied sells new and used boats from 33 feet to superyachts measuring 225 feet and priced up to $100 million. The cap is designed to generate more incentive to buy in-state. “This is a tremendous opportunity for Florida,” said Jon Burkard, vice president of brokerage sales for Allied Marine. “The impact of this bill will hopefully get sales back on target and allow us to hire some people back into our business. It could bring boating back to the size industry it was a few short years ago.” Dominic LaCombe, president of American Custom Yachts in Stuart, one of many builders of custom sporfishing boats on the Treasure Coast, said the change could help sales of new builds. But another provision in the bill places the same $18,000 cap on a use tax, which also could help boatyards like American Custom Yachts. “It benefits us in two ways,” LaCombe said. “We build boats priced from $1.5 to $12 million. But we have served customers who have more than $1 million in service work completed. Until now they have had to leave the state immediately after service was completed in order to avoid applying the sales tax. >>> Reprinted with permission from Scripps Treasure Coast Newspapers.
www.alliedmarine.com
Pre-Owned Yachts
Shelmar // $745,000 1976 // 72' Burger Alan Learch, 904.502.2266
Aquasition // $599,000 1994 // 70' Hatteras Tom Jenkins, 772.201.1800
Miss Scarlet // $1,399,000 2002 // 65' Hatteras Sean Fenniman, 772.260.1628
Diggin Donzi // $599,000 reduced 1988 // 65' Donzi Sean Fenniman, 772.260.1628
Fish n Tales Too // $1,195,000 2003 // 61' Viking Sean Fenniman, 772.260.1628
Trading Places // $1,095,000 2001 // 60' Bertram Sean Fenniman, 772.260.1628
Troublemaker // $649,000 1996 // 60' Bertram Sean Fenniman, 772.260.1628
Hook n Bull // $479,000 1982 // 60' Holton Custom John Dial, 561.445.0078
Crescendo // $675,000 2007 // 52' Sea Ray Sean Fenniman, 772.260.1628
Reel Dawn // $1,099,500 2006 // 51' Bertram Sean Fenniman, 772.260.1628
Bricks n Sticks // $825,000 2003 // 51' Bertram John Dial, 561.445.0078
Bella // $389,000 2006 // 44' Sea Ray Sundancer Ron Cofall, 843.683.4248
Lady Dianna // $295,000 1993 // 46' Bertram Sean Fenniman, 772.260.1628
Rascal // $199,000 1984 // 46' Bertram Sean Fenniman, 772.260.1628
Margarita Lou // $159,000 1997 // 41' Tiara Sean Fenniman, 772.260.1628
Marcela // $899,000 2010 // 41' Bertram John Dial, 561.445.0078
Ahhjustment // $358,500 2000 // 39' Bertram Sean Fenniman, 772.260.1628
Quality Time III // $269,000 2005 // 39' Sea Ray Alan Learch, 904.502.2266
Romantic Smile // $190,000 2000 // 39' Azimut Jim Hill, 772.215.0878
Carolee // $179,900 2000 // 39' Carver Tom Jenkins, 772.201.1800
New Yacht Sales // Brokerage // Mobile Service // Phone: 772.692.1122
Pre-Owned Yachts
Thunderbird // $445,000 1993 // 65' Hatteras Tom Jenkins, 772.201.1800
Insight @ Sea // $1,395,000 2005 // 62' Ocean Sean Fenniman, 772.260.1628
Haddenuff // $1,899,000 2008 // 61' Billy Holton Sean Fenniman, 772.260.1628
Next Time // $1,450,000 2000 // 61' Garlington Bill Begley, 561.313.9088
Abino // $279,500 1990 // 38' Pettegrow Alan Learch, 904.502.2266
Sara Mar // $749,500 1994 // 54' Hatteras Sean Fenniman, 772.260.1628
Playtime // $288,000 1990 // 54' Bertram Tom Jenkins, 772.201.1800
Dream On // $299,000 1984 // 53' Hatteras Alan Learch, 904.502.2266
Elixir // $339,000 2008 // 38' Tiara Alan Learch, 904.502.2266
Dream Maker // $159,000 1997 // 50' Carver Tom Jenkins, 772.201.1800
L&M // $479,000 1991 // 44' Garlington Bill Begley, 561.313.9088
Pipe Dream // $699,000 2009 // 47' Riviera Sean Fenniman, 772.260.1628
$359,900 2005 // 40' Cruisers Tom Jenkins, 772.201.1800
Dolphinattic // $230,000 2004 // 40' Luhrs Jim Hill, 772.215.0878
Akula // $599,000 2008 // 44' Riviera Chris Enfield, 561.789.2189
Alternative Medicine // $225,000 1998 // 47' Mainship Sean Fenniman, 772.260.1628
The Lady J // $115,000 2001 // 37' Wellcraft Jim Hill, 772.215.0878
Miss Chris // $159,000 1988 // 37' Bertram Jon Burkard, 772.260.1415
Lark // $159,000 1998 // 36' Sabreline Alan Learch, 904.502.2266
Mallory J // $475,000 2007 // 39' Grand Banks Eastbay Chris Enfield, 561.789.2189
www.alliedmarine.com
New Yacht & Trade Inventory
Bertram Year 2010 2008 2010 2010 2007 2007 2008 2010 2008 2007 2008 2008 2009 2009 2010
Riva Year 2010 2010 2010 2010 2009
Make 360 Bertram, hull # 36 410 Bertram, hull # 2 410 Bertram, hull # 3 410 Bertram, hull # 9 450 Bertram, hull # 30 510 Bertram, hull # 75 510 Bertram, hull # 77 511 Bertram, hull # 1 570 Bertram, hull # 42 630 Bertram, hull # 34 630 Bertram, hull # 37 630 Bertram Enc’l Bridge, hull # 40 630 Bertram, hull # 42 700 Bertram, hull # 4 800 Bertram, hull # 1
Location Miami, FL New Jersey Stuart, FL Naples, FL New Jersey North Carolina Stuart, FL Ft. Lauderdale, FL Destin, FL Miami, FL Miami, FL Miami, FL Miami, FL Miami, FL Miami, FL
MSRP $ 652,649 $ 994,430 $ 986,222 $ 1,045,817 $ 1,303,414 $ 1,953,861 $ 1,875,669 $ 1,980,420 $ 2,922,888 $ 3,504,308 $ 3,607,051 $ 3,404,644 $ 3,890,190 $ 5,071,536 $ 6,424,224
Engines Cummins 500 Cummins 600 Cummins 600 Cummins 600 MAN 900 Common Rail MAN 1360 Common Rail MAN 1100 Common Rail MAN 1360 CAT C32 1676 CAT C32A 1825 CAT C32A 1825 CAT C32A 1825 MTU 16V 2000 MTU 16V 2200 MTU 16V 2400
Make 33 Aquariva Super, hull # 178 33 Aquariva Super, hull # 182 44 Rivarama, hull # 87 56 Sport Riva, hull # 19 68 Riva Super Ego, hull # 9
Location Sag Harbor, NY Ft. Lauderdale, FL Ft. Lauderdale, FL Sag Harbor, NY Miami, FL
MSRP $ 993,601 $ 993,601 $ 1,825,000 $ 2,994,613 $ 5,168,923
Engines Yanmar 380 Yanmar 380 MAN 800 Common Rail MAN V8 900 MAN V12 1550
Location Factory Factory Factory
MSRP $ 3,740,197 $ 3,802,303 $ 6,298,600
Engines MAN V12 1550 MAN V12 1550 MTU V16 2400
Pershing (on order) Year 2011 2011 2011
Make 64 Pershing 64 Pershing 80 Pershing
Ferretti Year 2010 2010 2010 2010 2010 2010
Make 510 Ferretti, hull # 34 510 Ferretti, hull # 36 592 Ferretti, hull # 30 631 Ferretti, hull # 50 780 Ferretti, hull # 22 840 Ferretti Altura, hull # 5
Mochi Year 2008 2009 2008 2010
Make 44 Mochi, hull # 33 44 Mochi, hull # 37 74 Mochi, hull # 10 23m Mochi Long Range Hybrid, hull # 4
Company Trades Year 2003 2006 2006
Make 58 Riva Mercruius 62 Pershing 681 Ferretti
Location Sag Harbor, NY Ft. Lauderdale, FL Ft. Lauderdale, FL Ft. Lauderdale, FL Ft. Lauderdale, FL Ft. Lauderdale, FL
MSRP $ 1,685,127 $ 1,698,000 $ 2,755,236 $ 3,889,000 $ 5,986,825 $ 6,100,000
Engines MAN 800 Common Rail MAN 800 Common Rail MAN V10 1100 MAN V12 1224 MTU 1659 Common Rail MTU 12V 1822
Location Miami, FL Stuart, FL Sag Harbor, NY Newport
MSRP $ 1,105,860 $ 1,265,000 $ 5,687,125 $ 5,275,027
Engines Volvo 575 Volvo 575 MAN 1550 Common Rail MAN 800 Common Rail
Location Ft. Lauderdale, FL Ft. Lauderdale, FL Ft. Lauderdale, FL
MSRP $ 895,000 $ 1,645,000 $ 2,225,000
Engines MAN 1050 MAN 1550 MAN 1360
New Yacht Sales // Brokerage // Mobile Service // Phone: 772.692.1122
LIST YOUR BOAT WITH ALLIED MARINE… WE GET THE JOB DONE! Allied Marine is one of the largest and most prominent yacht dealers in the world. Below are just a few of the many reasons to buy or sell your yacht with Allied Marine:
• Allied Marine is a 60+ year old company with a rich Florida history specializing in the sale of new and pre-owned yachts
• Allied’s 40+ trained and professional yacht brokers coordinate daily to sell over 300 pre-owned boats a year ranging in size from 30' to over 200'
• Allied Marine has more than 300+ yachts for sale at any given time
• Allied Marine corresponds and shares their listings with 1,650 yacht sales companies in the United States and Canada and 2,656 worldwide
• Allied Marine’s employees are field experts attending industry training seminars regularly
• Allied Marine has locations on both Florida coasts as well as Sag Harbor, NY and Chicago… covering some of the most affluent markets in the United States
• Allied Marine gets the job done with an incredibly impressive listing to sales ratio
• Allied Marine has the very best display locations at the Ft. Lauderdale, Miami, Palm Beach, Stuart, Naples and Ft. Myers Boat Shows
• Allied Marine is a world leading advertiser in the marine industry, displaying 100+ pages every year in national and international yachting publications
• Allied Marine’s internet presence is unparalleled with 100% of its listings displayed on 5 internet MLS databases
• Allied Marine subscribes to Yachtworld’s “Enhanced Program” giving customer listings increased exposure on the Multiple Listing Services
• Allied Marine is a factory direct dealer for Bertram, Ferretti, Pershing, Itama, Riva, Mochi, CRN & Custom Line
• Allied Marine supports numerous charitable and community functions
• Allied Marine employees are members and actively participate in the Florida Yacht Brokers Association
• Allied Marine has waterfront locations with prime dockage available
www.alliedmarine.com
Allied Marine's Britt Point Marina Facility
YOU HAVE THE PERFECT BOAT. NOW YOU CAN HAVE THE PERFECT Marina. Come and experience Allied Marine's Britt Point Marina in the heart of Stuart, Florida. Enjoy the convenience of docking your boat in one of Florida's most scenic waterfront communities within walking distance of downtown Stuart. Britt Point Marina Dock Sizes: 6 Unlimited Beam // 20 with 25' Beam // 24 with 21' Beam Call today to learn more about Allied Marine's affordable dockage rates at 772-692-1122 Allied Marine Stuart 110 N. Dixie Hwy., Stuart, FL 34994 Office: 772-692-1122