TAMPA,
Fla., Nov. 22, 2023 /PRNewswire/ -- Lazydays
(NasdaqCM: LAZY) 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.
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."
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.
Contact:
Investor Relations
investors@lazydays.com
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SOURCE Lazydays