A Colorado couple is asking for donations after they sold all their possessions and purchased a sailboat in Alabama only to see it sink in the waters off Madeira, Florida.

Nikki Walsh, 24, and Tanner Broadwell, 26, of Colorado, paid $5,000 in April 2017 for a 28-foot 1969 Columbia sailboat they named "Lagniappe," The Tampa Bay Times reported. The couple, which previously drove for Uber but said they had little sailing experience, spent another $5,000 to fix up the vessel.

Nikki Walsh, 24, and Tanner Broadwell, 26, of Colorado, paid $5,000 in April 2017 for a 28-foot 1969 Columbia sailboat they named "Lagniappe." (GoFundMe)

The couple set sail recently from Tarpon Springs, Florida with only themselves and their pug dog, Remy, on board. They sailed south for about 30 miles before entering a channel of water called John's Pass, near Madeira Beach, Florida, roughly two days after setting sail. It was there they encountered trouble.

"We started freaking out because waves were coming, and it was tossing our boat back and forth," Walsh told the Times. The boat struck something under the water and the couple ended up grabbing their dog and jumping overboard with only a few clothes, some important papers and food and toys for Remy.

Local boat captains said sandbars often shift in the channel where the couple's boat capsized. It remains there in about 9 feet of water and the couple is seeking to raise about $10,000 to remove it and store it.

The GoFundMe campaign has already raised $11,421 in just three days.

"We lost every single one of our belongings with no insurance, but we all made it to land alive & we are not giving up on our dreams!" Walsh wrote.