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2011 is the year to invest into your New
Roll-A-Cover enclosure system.
Purchasing a Roll-A-Cover enclosure sometimes
could be a financial strain on your immediate
cash flow so options are important. We have
enjoyed for years listening to our clients
describe how this investment was the best added
feature to their new restaurant/bar/nightclub or
as an exciting change to their existent
facility. Roll-A-Cover enclosures create an
energy that excites all guests mostly with the
flexibility of our systems that allow your
guests to enjoy the great outdoors when the
weather is fine when no other sunroom system has
this great feature. So, whether you privately
fund this great investment or you are looking
for additional financial options remember that
we have leasing companies that would like to
talk to you. Minimal down and with a monthly
payment and a $1 buyout after the term you too
could enjoy the great benefits of owning a
Roll-A-Cover enclosure when others can’t.
Now, based on
The Small Business Act of 2010 under section 179
Property
(see your accountant for details) you may
qualify for up to $250,000 of the cost to add on
a Roll-A-Cover enclosure as a 100% tax deduction
in the year 2011. Some key points:
*Property must be placed in service in a tax
year beginning in 2010 or 2011.
*The deduction is included in the overall limit
of $500,000
*Special carryover rules apply. See Section 179
Carryover (This is information your accountant
can provide)
*Recapture rules apply (this information your
accountant can provide)
Qualified real property. The following real
property qualifies for the 2010 and 2011
Sections 179 deduction
*Qualified
Leasehold improvement property
*Qualified
retail improvement property
*Qualified
restaurant property
Ask your accountant to review your specific
application and the Act of 2010 to see how you
may qualify.
Based on Qualified restaurant Property IRS
168 €(7)
*Improvement to existing building or
construction of a new building
*More than 50% of the buildings square
footage must be devoted to preparation of, and
seating for, on-premises consumption of prepared
meals.
*Does not qualify for special depreciation
allowance
Below is also
some added information so that you can make the
right decision on how you are looking to fund
your enclosure and which financial option best
benefits your 2011 tax year.
 Now's
the Time to Lease, and Roll-A-Cover
Enclosures are now qualified as a leasing
product!
Leasing your enclosure system has become a
tremendous benefit to many commercial
properties, whether you are a restaurant, bar,
nightclub or simply a building looking to
utilize a Roll-A-Cover enclosure or rolling wall
system then find out more about your investment
options with leasing. This is the year to make
the changes that your clients have been yearning
for and also, if you are a business and you are
reading this information sheet than obviously
you have survived the storm… So, isn’t it time
to ride the next wave?
What’s important is that the space that you
could earn tremendous amounts of money in and
offer a outdoor or indoor area anytime of the
year could be one of the most important buying
decisions you could make in 2011. With the
investment incentives being offered by the Obama
Administration the one that could benefit you is
by leasing your enclosure you may have the
opportunity for the following:
a) Write off up to $150,000 the first
year without amortizing the lease. The benefit
is that if you are a profitable company this
added deduction could make the purchase of your
enclosure system far less costlier and provide
the immediate growth benefits that your
restaurant or commercial space has been
thirsting for.
b) You may be able to accelerate your
write-off in a shorter period that the term of
the lease
c) Normally it's a dollar buyout at the end
of your term and you now own your own enclosure
system.
d) Use other people’s money and let them
have a small percentage of your growth with
their interest that they deserve with the risk
that they will be assuming.
e) Keep the cost of the enclosure’s upfront
investment at a minimum with a termed payment
schedule this you keep your funds still working
for you.
f) Only your accountant knows so ask them
if this program is right for you.
Normal pre-qualifications would be:
a) Minimum 2 years in business
b) Good credit
c) Plus many other personal items that the
leasing agent would ask of you
Let’s play a scenario: If your enclosure costs
$150,000 not including all site prep, etc. Now
if you borrow on a personal note for 10 years
the cost would be about $2,000+- per month. If
your patio area loses over 5 days a month of
business because it is not enclosed and you net
about $1,000 per day on your patio then that is
a $3,000 per month increase in net revenue once
you pay your $2,000 payment. Now by leasing,
that $2,000 payment is fully deductible (see
your accountant for your own financial benefits)
thus you may gain a $400-$600 tax benefit per
month so if our math is correct and by the time
you pay any interest fees on the borrowed money
you will be ahead once more between $300-$500
per month. So, the total cost of your enclosure
per month is now around $1,500+- per month.
Isn’t it time that you make the right investment
and expand your outdoor patio area with a
Rollacover enclosure and while you are doing
that gain a benefit through our governments 2011
good will campaign and take your own bail out
for once.
We are not professionals in the leasing business
and everyone’s situation is different but it is
definitely worth asking one of the leasing
companies that we have worked with to see if
this is right for you.
Good luck and lets talk soon.
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