Lazydays and Campers Inn have agreed on the dealer chain’s sale, according to an 8-K filing with the Securities and Exchange Commission.
The agreement provides for Campers Inn to operate five former Lazydays stores, as first announced in September. Campers Inn will acquire the assets of the dealer chain’s remaining five stores. Campers Inn executives are continuing to discuss keeping the Airstream of Minneapolis store in Monticello, Minnesota, and the dealership in Wildwood, Florida, open. The future of those stores depends in part on negotiations with the real property owners to amend the stores’ current leases or sell the properties.
In addition, Campers Inn agreed to buy Lazydays’ store in Wilmington, Ohio, with a projected closing date of Nov. 24. Even though Campers Inn will acquire the Wilmington store, the 8-K filing said Campers Inn is continuing to decide whether to continue operations at the location.
The remainder of the closing dates are set to begin Nov. 13, with the final four site purchases set to close Nov. 26.
By the end of November, the 49-year history of Lazydays will come to an end. The company was founded in 1976 by the Wallace family, led by father Herman Wallace and sons Don and Ron Wallace. Don Wallace took over the business in 1993 when Herman Wallace retired.
Lazydays began with its flagship Tampa store, two travel trailers for sale and $500 in assets. The company did not expand from the Tampa location until 2011. In 2018, Lazydays was taken public.
The Tampa location grew to 126 acres, the largest RV dealership in the world. The campus included over 200 service bases, an RV resort with over 300 sites and a 20,000-square-foot parts/accessories store. As recently as two years ago, the company said the Tampa store accounted for over a third of its annual revenues.
Campers Inn will take over Lazydays’ dealerships in Tucson, Arizona; Johnstown, Colorado; Seffner, Florida; Knoxville, Tennessee; and St. George, Utah. The agreement provides for a $30 million acquisition of all assets other than RV inventory, with the Tampa store accounting for $15.6 million of the purchase price. Campers Inn will pay $34.9 million for all of Lazydays’ owned real property.
Additionally, Campers Inn will pay 100% of invoice for all new 2026 RVs in inventory, 90% of invoice for new 2025 models, 80% of invoice for new 2024 and 85% of the NADA wholesale book value for any new models from the 2023 model year or earlier.
Used RVs will be purchased for 85% of NADA wholesale book value. The purchase price for RVs at stores not operated by Campers Inn will be reduced to cover transportation costs.
Editor’s Note: The story has been updated with details about the Wilmington, Ohio, location, which is scheduled to be acquired but may not remain in operation, according to Lazydays’ 8-K filing.
