Time to start loving Camping World

[Neal]

https://rvbusiness.com/camping-world-to-acquire-seven-locations-from-lazydays/

https://rvbusiness.com/lazydays-8-acquisitions-part-of-sweeping-recapitalization/

 

[redbaron]

is NIRVC the unmentioned 8th location?

 

[Chargerman]

I don’t see NIRVC ever considering selling out any location to Camping World.

 

[redbaron]

I don’t see NIRVC ever considering selling out any location to Camping World.

Thats not what the article says. It says camping world purchased 7 of the 8.

The 8th location was being sold to another "undisclosed" entity.

Maybe this is how NIRVC comes to Florida?

 

[Chargerman]

They are purchasing Lazydays locations not NIRVC

 

[Neal]

My guess would be Lazy Days Tampa is there profitable location and they don't want to sell that one. Maybe scale down to their roots? Assuming that was their start?

 

[redbaron]

They are purchasing Lazydays locations not NIRVC

7 Lazy day locations are selling to Camping world.
1 lazy day location is selling to "some one else"---- from the articles above.

• Lazydays agreed to sell seven dealerships, including real estate where applicable, and issue common stock to certain indirect subsidiaries of Camping World Holdings, Inc. (Camping World) for a combined $65.5 million, subject to conditions.
• Lazydays agreed to sell one additional dealership asset to a separate buyer for $8 million, subject to conditions.

Tampa is my guess as well. This would not give them Newmar Territory, so there would have to be other negotiations and or deals taking place.

 

[Chargerman]

I’m sorry. I didn’t realize that was what you
were referring to. I thought you were saying that Camping world was buying a NIRVC site. I certainly can see NIRVC being interested in a Lazydays location if it was one that is strategically located for NIRVC. Kinda strange that Lazydays would sell off all of those sites that they just acquired not too long ago

 

[purring along]

Camping world purchased two locations in North Carolina Tom Johnson, one was my first Newmar purchase. Since than they no longer sell Newmar, mostly travel trailers.

 

[AbdRahim]

Loving? Can’t imagine such. Not that Lazydays was a great dealership, but great dealerships seem to becoming extinct.

 

[Diesel Pusher]

The Woodland WA Lazy Days location is less than 2 years old. When you see a few RVs spaced more than 20' apart on the sales lot facing I-5, you just know either sales aren't going as planned or they can't finance inventory. Other, smaller dealers in the Vancouver & Portland areas (20 miles away) have much more inventory on their lots. I doubt the Oak Grove OR (Portland) location is doing much better. I suspect the Woodland real estate with new buildings and service bays are worth more than the business.

Lazydays Raises Funds Through Store Sales and Private Investment - RV News

Three days after notifying the Securities and Exchange Commission that Lazydays would be late filing its quarterly earnings report because of

www.rvnews.com

 

[Jabber Jaw]

Seems that "LazyDays" is keeping 8 locations, and from their map, three of them are the ones located in Florida!
My guess, these would be the best "profit potential" locations. Especially like the Tampa location, with the huge "RV Park"!!
Is this just the first of several changes within the "RV" Industry? More "dominoes" may yet be falling?

 

[MemoriesByTheMile]

The RV park at the Tampa location closed a year+ ago. At first they communicated they were going to renovate, then messaging changed to permanent closure.

 

[Jabber Jaw]

The RV park at the Tampa location closed a year+ ago. At first they communicated they were going to renovate, then messaging changed to permanent closure.

WOW! I did not realize that! And that place has like 400+ sites, if I remember correctly!
Not good for the Tampa area.
And then the Tampa Super Show is not allowing the RV manufacturers to have "camping sites" for the show!
The RV Industry must be suffering big time! Not sure I'm even going to the show this year, and have been for the last 5 years!

 

[FLSteve]

7 Lazy day locations are selling to Camping world.
1 lazy day location is selling to "some one else"---- from the articles above.

Tampa is my guess as well. This would not give them Newmar Territory, so there would have to be other negotiations and or deals taking place.

Any late breaking information on who the "someone else" is that is buying the 8th location??

FLSteve