Lazydays (RV dealer)
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| Nasdaq: GORV Russell Microcap Index component | |
| Industry | Recreational Vehicles |
| Founded | 1976 |
| Founder | Herman Wallace |
| Headquarters | , United States |
Area served | Milwaukee, Wisconsin; Elkhart, Indiana; Wilmington, Ohio; Ramsey, Minnesota; Monticello, Minnesota; Nashville, Tennessee; Council Bluffs, Iowa; Turkey Creek, Tennessee; Tulsa, Oklahoma; Fort Pierce, Florida; Saint George, Utah; Phoenix, Arizona; Las Vegas, Nevada; Portland, Oregon; Vancouver, Washington; Tampa, Florida; The Villages, Florida; Tucson, Arizona; Loveland, Colorado; Denver, Colorado; Minneapolis, Minnesota; Knoxville, Tennessee; Houston, Texas[1] |
Key people | Herman Wallace (founder) Ron Wallace (founder) Don Wallace (founder and owner, 1993-2004) Tim Sheehan (former CEO, 2012-2016) William P. "Bill" Murnane (Former Chairman & CEO) John F North (CEO, 2022-present) |
| Products | Recreational vehicles |
| Website | Lazydays RV |
Lazydays RV is an American company specializing in the sales and service of recreational vehicles, RV rentals, parts and accessories. The company was founded in 1976 and operates 26 locations in 15 states, including Tucson, Arizona; Denver, Loveland, Colorado and Elkhart, Indiana,[2] Minneapolis, Minnesota; Knoxville, Tennessee; Houston, Texas; The Villages, Florida; and its headquarters in Seffner, Florida.
Lazydays RV positions itself as the world's largest RV dealership, with 3,000 new and used RVs from 78 manufacturers across their 26[3] locations, nearly 400 service bays, 700 campsites at 2 on-site campgrounds and an RV resort at their Florida location. At each location, Lazydays also has a store dedicated to specialty and OEM parts called Accessories & More. They also feature a fleet of rental vehicles at their Colorado locations.[4]
Lazydays RV's claim to being the world's largest RV dealership is open to interpretation. Camping World Holdings, Inc.(CWH) has 202 locations and five million active customers according to the 10-K Annual report filed with the FTC on February 26, 2024.[5] Lazydays Holdings, Inc. is a publicly listed company on the NASDAQ stock exchange under their new ticker "GORV" in conjunction with their rebranding strategy. It was previously traded as "LAZY" until January 17, 2024.[6]
Lazydays RV is the exclusive RV sponsor of the Florida Gators, Tampa Bay Buccaneers and the Denver Broncos.
History
[edit]Founded in Tampa, Florida, in 1976, Lazydays RV was originally owned by the Wallace family, which included Herman and his sons Don and Ron. Lazydays RV was founded with only two travel trailers and $500. During its first five years, the dealerships limited itself to selling travel trailers and mini motorhomes. Sales grew to $13 million by 1980 and $50 million by 1983. Herman Wallace retired in 1993 and Don Wallace took over the business. The current CEO as of September 06, 2022 is John F. North, formerly of Lithia Motors, Inc; Copart, Inc.; and Avis Budget Group, Inc.[7]
Lazydays RV established a second location in 2011 in Tucson, Arizona, when it purchased a dealership owned by Beaudry RV.[3] Lazydays RV acquired several dealerships in Colorado from RV America and Discount RV Corner, which are located in Denver and Loveland. With the acquisition of the dealership in Loveland, Lazydays RV is now home to the world's largest indoor showroom. In August 2018 Lazydays RV purchased Shorewood RV in Anoka, Minnesota. In October 2018, Lazydays RV brought their total number of dealerships to 6 with the purchase of Tennessee RV in Knoxville, Tennessee. In August 2019, Lazydays RV purchased Alliance Coach in Wildwood, Florida, which it would rename Lazydays RV of The Villages. In February 2020 Lazydays opened its first Texas location, Lazydays RV Service Center of Houston in Waller, Texas.
Sponsorships
[edit]In 2015, Lazydays RV announced their partnership with the University of Florida Gators.[8] to sponsor sanctioned tailgating events held in the campus RV lots for official college sports events. In 2016, Lazydays RV announced a partnership with the NFL's Denver Broncos [9] and Tampa Bay Buccaneers.
References
[edit]- ^ Difley, Bob (23 October 2018). "Lazydays RV buys Tennessee RV Supercenter in Knoxville". Rv Travel. Retrieved 2 December 2020.
- ^ "Lazydays sets plans for Colorado grand openings | RV Daily Report". rvdailyreport.com. Archived from the original on 2018-09-18.
- ^ a b "Lazydays expands to Tucson". Tampa Bay Business Journal. 2011-04-21. Retrieved 2014-10-17.
- ^ "Lazydays Opens RV Accessories Store". rv-pro.com. Retrieved 2 December 2020.
- ^ "Form 10-K – Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934". sec.gov. February 26, 2024.
- ^ "Lazydays Announces Rebranding Actions and Stock Symbol Change". www.prnewswire.com (Press release). Retrieved 2024-04-13.
- ^ North, John F (April 13, 2024). "EDGAR | Company Search Results for John F North". sec.gov/edgar.
- ^ "RV News". www.rvnews.com. Archived from the original on 2018-09-18.
- ^ "Lazydays RV Partners with World Champion Denver Broncos". preen.com. Retrieved 2 December 2020.