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Business Highlights

Founded in 1991, the Company is a second generation, family-owned new and used RV and used car dealership located in the Ohio, Pennsylvania, West Virginia tri-state market. The Company also performs service and maintenance work on RVs and autos and has an in-house financing division. The Company purchases new RVs direct from the manufacturers and represents the top brands in the industry. The Company has an exclusive territory in the tri-state market for these top brands. The Company recently focused its resources on RV sales and maintains its license to sell used autos.

The Company operates from a 9,800 square feet sales and shop facility that is leased from a related party. The existing facilities are adequate for expansion of the business. While pleased with the success of the Company, the current owners would like to begin planning for retirement. The owners have developed an exceptional management team, and that team would remain in place to continue running the Company after a transfer in ownership. The owners are also committed to assisting post-closing to ensure a smooth transition and the buyer’s success.

INVESTMENT APPEAL

Superior Name and Reputation: The Company enjoys a long-standing (32+ year) reputation for quality RVs and superior customer support. It has a Google rating of 4.5 stars for sales and 4.9 stars for service.

Diversified Service Offering: By offering a variety of brands, as well as repair and maintenance, in-house financing, and car wash services, the Company is well diversified. This diversification ensures that the Company is less harmed by economic cycles that may impact upstream and downstream markets.

Exclusive Sales Territory: The Company purchases new RVs direct from the manufacturers and is the exclusive dealer of towable RVs in the tri-state area for several top brands.

Modest Ongoing Capital Investment Requirements: The need for capital expenditures is minimal moving forward. Capital expenditures are conservatively projected at approximately $25,000 per annum in order to support continued operational efficiency.

Shifting Demographics: The US population is aging, increasing the number of people most likely to buy RVs. Consumers 35 to 54 are the largest segment of RV owners, according to a University of Michigan study. As more baby boomers reach retirement age, the RV industry expects that sales will increase.

Dealer Consolidations: While the majority of RV dealers are small, single-location operations, an increasing number of multi-location dealerships are emerging. A common means of growth is for dealers to buy existing dealerships. Some dealers are buying up RV rental companies to extend their reach in the RV industry.

Towables Increasing in Popularity: Towables are growing in popularity with recreational vehicle buyers which became popular in the height of the pandemic. Younger families in the market for an RV see the less-expensive towable models as a good investment for family vacations. Also, more vehicles on the road today are capable of pulling a towable RV, which increases the market for possible buyers. New technology has allowed towables to be lighter weight and easier to transport.