News

Lazydays Sells Land to Fund Growth

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.
screen_shot_2016-01-06_at_10

Inspired by a stronger-than-ever RV market and interstate expansion dreams, Seffner, Fla.-based Lazydays — one of the top RV dealers in the country — raised $56 million in a recent land sale to help fund future growth.

“RV interest is as high as I have ever seen it,” Lazydays Chief Financial Officer Randy Lay told the Tampa Bay Times on Tuesday. “There’s an opportunity as we see younger folks and millennials coming into the market.”

Lazydays wrapped up the $56 million sale of 130 acres of its Seffner property to Virginia-based Capital Automotive Real Estate Services, which specializes in land sale-leasebacks for auto and RV dealerships. Lazydays signed a 50-year lease to continue operating its business at its location.

Lazydays recently bought a small parcel of adjacent land from company founder Don Wallace, and this month will open a new Lazydays retail store in what had been a Camping World store.

Lazydays also has interstate ambitions. After buying a location in Arizona in 2011, this past October the company acquired the dealerships of Denver-based RV America. The new locations will all become rebranded as Lazydays, said Lay, as part of a marketing effort to extend the reach of the Seffner business name.

Tags

Related Articles

Back to top button
Close