Mid 2023 Recreational Vehicle Industry M&A Report
This article is a summary of recent M&A activity in the recreational vehicle industry in 2023.
The recreational vehicle industry is coming off two of the most profitable and demanding years in a row. The effects of the COVID-19 pandemic and economic shutdown greatly benefited all aspects of the industry, from manufacturers, dealers, repairs, and campgrounds. The companies that were ready capitalized greatly and added a new generation of customers to its base. But now what? 2023 is proving to be a very different year for all involved.
Recent Mergers and Acquisitions
Despite the recent slowdown in the RV industry as a whole, mergers, and acquisitions are still going strong. Marcus Lemonis, Chairman and CEO of Camping World, recently said, “Our goal is to achieve 50% growth in our store count over the next five years”. Camping World is currently the largest retailer of RVs and has 197 store locations. Many other conglomerates are looking to expand via acquisitions and new store openings.
By Craig Hudman, Managing Director at Jackim Woods & Co.
Jackim Woods & Co. is a leading mergers and acquisition advisor focused on providing senior-level attention and flawless execution to clients in the recreational vehicle industry.
Craig is an experienced mergers & acquisitions professional, a former owner of a leading RV dealer, and a dealership management and operations expert. He brings over 30 years of RV-related experience.
To arrange a free, confidential initial consultation, please contact Craig Hudman at (208)521-1521 or chudman@jackimwoods.com.
Read MoreFor Sale: Profitable Ohio RV Dealer with $4.3 Million in Revenue
A well-established RV dealership in Ohio is for sale. This turn-key operation includes nearly 6 acres of real estate with a new 5,900 sq. ft. show room, office, and repair facility, plus service bays for up to six RVs. This is an established business with repeat customers. It currently employs 8 full time staff and 4 seasonal, part-time workers. The company is located in an attractive rural setting about 30 minutes from a major city with several parks and campgrounds within a 30 mile radius. The dealership operates with state-of-the-art customer management software and great equipment.
Products include several leading RV brands as well as a wide selection of used RVs. The service business has grown significantly since the new facility was built and with a little marketing can grow even more. The dealership sells over 200 units a year. Price includes all assets of the business including real estate, furniture, fixtures, equipment and all RV and parts inventory. The inventory is valued at approximately $1.6 million. The real estate was recently appraised at $850,000.
2016 revenue is $4.3 million. Adjusted EBITDA is $622,000.
Asking Price is $4.3 million (includes real estate and RV inventory).
Several floor plan companies are available to finance the buyout of the seller’s current new inventory (approximately 100 units at $1.6 million). Seller may be willing to finance the purchase of the used inventory depending on the buyer’s experience and other terms of the deal.
For more information contact Rich Jackim at rjackim@jackimwoods.com or (224) 51305142.
Read More