Lazydays Sells Florida Location to General RV: What It Means for Shoppers

Fort Pierce, Florida, USA - Lazydays Holdings Inc. recently finalised a strategic sale of its Fort Pierce, Florida location to General RV Center Inc. on June 6. This move is part of a broader divestiture plan, with further transactions expected in Longmont, Colorado, in the coming weeks, as reported by RV Business. The acquisition marks an important step towards improving services for RV customers in Fort Pierce.

General RV’s CEO, Loren Baidas, acknowledged the cooperation of Lazydays in this acquisition, emphasizing its role in enhancing customer service at the new Supercenter facility strategically located on I-95. With their latest venture, General RV has expanded rapidly, nearly doubling its number of Supercenters across the U.S. in just three years, now boasting over 20 locations and offering a diverse range of RVs, from practical travel trailers to luxurious motorhomes.

Streamlining Operations

Ron Fleming, the Interim CEO of Lazydays, explained that this sale is designed to streamline operations and reduce the dealership’s footprint, while also paying off debt and improving cash flow. He highlighted that this aligns with Lazydays‘ goal of maximizing shareholder value. The divestiture is expected to be finalized within 75 days, as confirmed in a letter of intent to sell three store locations, which also includes their Longmont and Mesa sites in Arizona, according to Lazydays Investors.

This move not only aims to enhance Lazydays‘ financial health but also positions General RV as an established dealership operator, well-aligned with Lazydays‘ brand ideals. With the augmented presence in Florida and beyond, General RV is excited about enriching opportunities for local RV enthusiasts.

A Growing Market

The RV market is witnessing a transformative period as industry experts like Mike Lankford indicated in his discussions surrounding the RV market reset expected by 2025. With nearly three decades of experience, Lankford has been a pivotal figure in advising RV businesses and navigating the changes that lie ahead. His insights reflect the significant growth potential within the RV sector as companies adjust to evolving consumer demands and economic climates. In light of these changes, both Lazydays and General RV are making calculated moves to ensure they remain at the forefront amidst a shifting landscape, as described by RV Business Solutions.

As this transaction unfolds, locals in Fort Pierce and surrounding areas can look forward to enhanced offerings from General RV, while also watching how Lazydays uses these changes to strengthen its operational footing. It’s clear that both companies are not just reacting to current market conditions but are positioning themselves for a robust future in the RV industry.