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Tampa,
FL – November 2023 / NewsmakerAlert: Lazydays
(Nasdaq: LAZY) (“Lazydays RV” or “Lazydays”) is pleased to announce the
acquisition of Orangewood RV Center, an RV dealership located in Surprise,
Arizona. The store has been renamed “Lazydays
RV of Phoenix at Arrowhead” and marks the 24th location in its growing
nationwide network, strengthening its presence in the Western region. Lazydays
expects the new store to generate approximately $40 million in annualized
revenue. In 2023, Lazydays has completed five acquisitions and opened three
greenfield locations which are expected to generate over $300 million in
annualized revenue. The location will continue to offer high quality new
inventory from Grand Design, Keystone, KZ, and Starcraft.
By
acquiring Orangewood RV and its dedicated team of employees, Lazydays aims
to bring even more convenience, choice, and top-tier RV options to its
valued customers in Arizona. Lazydays would also like to thank the seller,
Mark Treacy, for his efforts in making this acquisition incredibly smooth.
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About
Lazydays
Lazydays
has been a prominent player in the RV industry since its inception in 1976,
earning a stellar reputation for delivering exceptional RV sales, service,
and ownership experiences. Its commitment to excellence has led to enduring
relationships with RVers and their families, who rely on Lazydays for all
their RV needs.
With
a strategic approach to rapid expansion, Lazydays is growing its network
through both acquisitions and new builds. Its wide selection of RV brands
from top manufacturers, state-of-the-art service facilities, and an extensive
range of accessories and parts ensure that Lazydays is the go-to destination
for RV enthusiasts seeking everything they need for their journeys on the
road. Whether you are a seasoned RVer or just starting your adventure,
Lazydays’ dedicated team is here to provide outstanding support and guidance,
making your RV lifestyle truly extraordinary.
Lazydays
is a publicly listed company on the Nasdaq stock exchange under the ticker
“LAZY.” Additional information can
be found here.
Forward-Looking
Statements
This
press release includes “forward-looking statements” within the meaning
of the “Safe-Harbor” provisions of the Private Securities Litigation Reform
Act of 1995. Forward looking statements include statements regarding our
goals, plans, projections and guidance regarding our financial position,
results of operations, market position, pending and potential future acquisitions
and business strategy, and often contain words such as “project,” “outlook,”
“expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “may,”
“seek,” “would,” “should,” “likely,” “goal,” “strategy,” “future,” “maintain,”
“continue,” “remain,” “target” or “will” and similar references to future
periods. Examples of forward-looking statements in this press release include,
among others, statements regarding:
-
Our
ability to improve store performance;
-
Anticipated
acquisition opportunities and additions of dealership locations to our
portfolio in the future, and our ability to improve earnings and achieve
returns on investments;
-
Anticipated
revenues from acquired and open point stores; and
-
Anticipated
availability of liquidity from our credit facility and unfinanced operating
real estate.
By
their nature, forward-looking statements involve risks and uncertainties
because they relate to events that depend on circumstances that may or
may not occur in the future. Forward-looking statements are not guarantees
of future performance, and our actual results of operations, financial
condition and liquidity and development of the industry in which we operate
may differ materially from those made in or suggested by the forward-looking
statements in this press release. The risks and uncertainties that could
cause actual results to differ materially from estimated or projected results
include, without limitation, future economic and financial conditions (both
nationally and locally), changes in customer demand, our relationship with,
and the financial and operational stability of, vehicle manufacturers and
other suppliers, risks associated with our indebtedness (including available
borrowing capacity, compliance with financial covenants and ability to
refinance or repay indebtedness on favorable terms), acts of God or other
incidents which may adversely impact our operations and financial performance,
government regulations, legislation and others set forth throughout “Part
II, Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and in “Part I, Item 1A. Risk Factors” of our
most recent Annual Report on Form 10-K, and from time to time in our other
filings with the SEC. We urge you to carefully consider this information
and not place undue reliance on forward-looking statements. We undertake
no duty to update our forward-looking statements, including our earnings
outlook, which are made as of the date of this release.
Company
Contact:
Tom
Peterson
Chief
Marketing Officer
Lazydays
813-246-4999
Media/Investor
Contact:
Angela
Johnson
813-204-4099 |
