TAMPA,
Fla., July 25, 2023 /PRNewswire/ -- Lazydays
(NasdaqCM: LAZY) has completed the acquisition of Buddy Gregg RVs
& Motor Homes in Knoxville,
Tennessee. This acquisition strengthens our presence in the
Knoxville market and more than
offsets the loss of our Maryville
store which will be closed due to the expansion of the Alcoa
Highway by the Tennessee DOT. We have renamed the store Lazydays RV
of Knoxville at Turkey Creek and
anticipate approximately $40 million
in annualized revenue.
With our rich history in the Tennessee market, Lazydays is well-prepared to
cater to the diverse RV needs of this region. By acquiring Buddy
Gregg RVs, Lazydays aims to bring even more convenience, choice,
and top-tier RV options to its valued customers in Knoxville.
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. Our
commitment to excellence has led to enduring relationships with
RVers and their families, who rely on us for all their RV
needs.
With a strategic approach to our rapid expansion, we are growing
our network through both acquisitions and new builds. Our 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're a seasoned RVer or just starting your adventure, our
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."
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.
News Contact:
+1 (813) 204-4099
investors@lazydays.com
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SOURCE Lazydays Holdings, Inc.