Camping World Inc. and Good Sam Enterprises LLC today (June 11) announced that it has signed an agreement to acquire Marty’s US RV, an existing RV dealership in Berkley, Mass., in the next 30 to 45 days. According to a press release, plans are for the location to undergo a major expansion to renovate into a larger facility including additional service bays, a new Camping World retail store and a state-of-the-art collision center. Camping World currently has nearby New England area supercenters in Chichester and Conway, N.H.
“We are pleased to begin the acquisition of Marty’s US RV and expand our market share throughout Massachusetts as well as the greater New England area,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “For over 22 years Marty Hanoud and family have proudly served the Boston area with top notch service and the best in products. Our decision to branch into the Boston market was fully realized only because of the quality reputation that Marty’s US RV has in their community. We expect the New England market to allow us to broaden our customer reach, build upon our market leadership position in recreational sales, and make Camping World the leading retailer in the growing outdoor market.”
The supercenter will be officially named Camping World of Boston and represents the first full-service location in Massachusetts for Camping World.
Lemonis noted, “I always look for three things: People, Process and Product in relation to enhancing our Camping World and Good Sam presence. The Hanoud Family clearly meets that test. Our goal is to add more quality manufacturers and brands, increase our presence in the market, and grow the work force. The Boston area is perfect for outdoor enthusiasts with camping areas like the Boston Harbor Islands, Cape Cod and the Myles Standish State Forest to hike, camp and just enjoy life. We are excited to begin serving this market.“
The new supercenter in the Boston market will add to Camping World’s future growth plans and the company expects to soon announce several additional markets of expansion throughout the country.
Camping World of Boston will also be adding positions for seasoned and professional RV sales associates, technicians and retail support as the facility expands in addition to the current staff at the Marty’s US RV location.
CNBC Prime has announced that “The Profit,” featuring Marcus Lemonis, chairman and CEO of Camping World Inc. and Good Sam Enterprises LLC, will join the network’s primetime reality lineup on Tuesday nights at 9 p.m. (ET/PT) beginning July 23.
“If you have a business that’s in trouble and think your management team can survive America’s turnaround king,” the CNBC Prime release states, “then you’re ready for ‘The Profit.’
“When Marcus Lemonis isn’t running his multi-billion dollar company, Camping World Inc., he goes on the hunt for struggling businesses that are desperate for cash and ripe for a deal,” the news network reports. “In the past 10 years, he’s successfully turned around over 100 companies. Now he’s bringing those skills to CNBC and doing something no one has ever done on TV before … he’s putting over $2 million of his own money on the line.
“In each episode, Lemonis makes an offer that’s impossible to refuse: his cash for a piece of the business and a percentage of the profits. And once inside these companies, he’ll do almost anything to save the business and make himself a profit; even if it means firing the president, promoting the secretary or doing the work himself.”
To learn more about “The Profit” and meet the man who calls the shots, visit www.cnbc.com/the-profit.
Outdoor retailer Camping World Inc. today (May 22) announced the company will be a presenting sponsor of Travel Channel’s new original series “Rock My RV with Bret Michaels.” The new original series is set to premiere on May 26 at 9 p.m. ET/PT.
According to a press release, Camping World will be integrated into four episodes and is also the exclusive sponsor of the “Rock My RV with Bret Michaels: Epic RV Giveaway Contest.” The grand prize in the contest is an RV custom built and designed by Michaels and his team. Camping World provided the grand prize RV for the contest, which runs June 3-15.
“We are excited to be working with the Travel Channel to bring additional exposure to the RV lifestyle,” said Marcus Lemonis, chairman and CEO of Camping World. “This new and unique series provides an opportunity to reach out to a new audience of customers who we know are active travelers today and showcase some of our products and services.”
The integrated episodes will feature the Camping World retail accessory store and collision center along with installations of various products from top vendors such as Dometic Corp., Select Comfort, Winegard Co. and Atwood Mobile Products LLC.
Good Sam Enterprises LLC posted improved performance for 2012 as revenue totaled $518.7 million, representing an increase of $37.3 million, or 7.8%, from 2011. Good Sam reported the opening of 17 Camping World Inc. stores over the past two years that pushed retail sales to a 15.4% increase.
Net income for the full year was $9.4 million compared to $3.9 million for 2011.
For the fourth quarter, ended Dec. 31, Good Sam reported sales of $122.7 million while the company incurred a loss of just over $1 million.
Good Sam’s financials do not reflect rolling stock sales from the company’s Camping World unit.
A breakdown by segment for the full year showed:
• Membership Services revenue for 2012 of $153.8 million increased $6 million, or 4%, from 2011. This revenue increase was largely attributable to a $6.2 million increase in extended vehicle warranty program revenue due to contract price increases and the development of additional programs, a $1.6 million increase in roadside assistance revenue, a $2.4 million increase in member events revenue due to two additional annual member rallies, and a $0.6 million increase in marketing fee revenue from health and life insurance products.
• Retail revenues of $325.8 million for 2012 increased $43.4 million, or 15.4%, from 2011. Store merchandise sales increased $34.2 million from 2011 due to a same store sales increase of $19.3 million, or 9.9%, (compared to a 1.1% decrease in same store sales for 2011 versus 2010), and a $17.3 million revenue increase from the opening of 17 new stores over the past 24 months, partially offset by decreased revenue from discontinued stores of $2.4 million.
• Membership Services – Media revenues of $39.2 million for 2012 decreased $12.1 million, or 23.5%, from 2011. This decrease was primarily attributable to a $3.9 million revenue reduction resulting from the sale or closure of non-core media businesses in 2011, a $1.6 million reduction in circulation and advertising magazine revenue, a $1.1 million reduction in consumer show revenue resulting from reduced sponsorship revenue and three fewer shows produced, and a $5.5 million reduction in annual directory revenues due to combining two annual directories in order to create an upgraded product with reduced brand confusion, reduced direct mail marketing and phase out the unprofitable CD/DVD version.
To view the entire report click here.
Camping World Inc., the nation’s largest RV and outdoor retailer, today (March 7) announced that it has arranged for additional land on the heels of another successful year at its Harrisburg, Pa., location.
According to a press release, the RV dealership is currently transitioning from Grumbine’s RV to Camping World Super Center of Harrisburg. Grumbine’s RV has been part of the Camping World nationwide chain for almost nine years and seen exceptional growth.
“With a significant presence in Harrisburg, we know from first-hand experience that the city of Harrisburg and the state of Pennsylvania have a business-friendly environment that encourages investment,” said Marcus Lemonis, chairman and CEO of Camping World. “Expanding in Harrisburg allows us to bring additional jobs and significant tax revenue into the Harrisburg economy. With the continued support of city officials and land owners, Camping World is in final stages of expanding the new location. We look forward to extending our commitment to the Harrisburg metropolitan area and the great of state of Pennsylvania for future growth.”
“Camping World has a long-standing relationship with the city of Harrisburg and the state of Pennsylvania. We are very excited to be expanding our location in Harrisburg after many years of discussions and planning,” continued Lemonis. “Shoppers can expect to see a wide selection of RV, parts and accessories at competitive prices, along with top-notch customer service from our knowledgeable sales team. The renovation of this location demonstrates our commitment to the South Central Pennsylvania region and will give the Harrisburg-area residents a convenient place to shop for all of their RV needs. Early discussions have shown strong support and interest from multiple manufacturers, suppliers and vendors looking for additional expansion into this growing market.”
The new Camping World facility is supported by a nearby location in Hanover, Pa.
Camping World Inc. and Good Sam Enterprises LLC today (March 4) announced plans to open a new facility in the Fresno, Calif., market in the first quarter of 2014.
According to a press release, the location will be officially named Camping World of Fresno and offer a wide array of RV sales, service and accessories for the outdoor enthusiast.
Camping World of Fresno will be located off State Route 99 in a renovated facility. The new supercenter will join almost 100 other Camping World locations across the U.S. with 11 already established in the state of California.
“California is an ideal setting for the RV enthusiast with close proximity to great camping and wonderful adventures,” said Roger Nuttall, president of Camping World RV Sales. “We continue to work on identifying locations where we can best serve the needs of the RV community and Central California is a great fit.”
“With the recent success and rebound we have experienced in our California markets, most recently with the Redding opening, we feel the addition of a supercenter in Fresno confirms our love of this area,” said Marcus Lemonis, Camping World chairman and CEO. “With the close proximity to the Sierras as well as the national state parks, the San Joaquin Valley area really fits in our plans.”
Camping World will be opening positions for seasoned and professional RV sales associates, technicians and retail support to assist at this new location. Camping World said its goal is to increase their presence in the Fresno market, provide exceptional service to customers and grow the workforce.
Camping World is the nation’s largest RV and outdoor retailer and Good Sam represents the world’s largest RV owners organization.
The newly renovated Camping World store in of Hanover, Pa., is open for business, offering products to complement and enhance just about every outdoor or vacation activity, according to a report by the Evening Sun.
The business, formerly known as Reichart’s Camping Center, was owned by Dan Saltzgiver since 1990. Saltzgiver is now the general manager of the store, which he sold to Camping World Inc. (CWI) in August 2012.
The old store was closed for one month for renovations and expansion, Saltzgiver said, with the new 8,000-square-foot Camping World of Hanover opening officially on Feb. 8.
With the much larger store it was also necessary to bring in 11 new hires, Saltzgiver said, with the store and service department now having a combined total of 32 full-time and part-time employees. The store’s service department is also being expanded to handle more vehicles, Saltzgiver said, but will continue to offer the same exceptional workmanship and friendly service.
Camping World is “America’s Number One RV dealer” comprised of a conglomerate of 80 retailers across the country, Saltzgiver said, which allows the local store to offer a much wider variety of products and many more RV and camper choices.
“The store is now four times bigger than before and we are offering a lot items that have not been available before – and not just products for RVs or campers.” Saltzgiver said, “We have lots of new items that would be perfect for a home patio or on a fancy picnic.”
The new expanded inventory includes a great selection of items that would be welcome assets for any camping trip or home patio, Saltzgiver said, such as portable electric fireplaces with realistic logs, lounge chairs, patio tables and chairs, a plethora of barbeque grills, plus many unique children’s toys.
“We have a whole area dedicated for children,” Saltzgiver said, “We have a huge variety of toys and games to occupy kids in a car or anywhere else.”
“We want people to realize that we aren’t just a camping store. We have a whole lot more to offer,” Saltzgiver said, “We want people to know that the items they need and want are already here and are ready to ‘pick up and go.'”
While the picnic and patio accessories, children’s toys and miscellaneous gear might bring many non-campers to the store, Saltzgiver said, customers looking for a good buy prior to ‘hitting the road’ will also appreciate what Camping World has to offer.
Within a few weeks the eight and one-half acre tract surrounding Camping World will be home to a rolling stock RV and camper inventory that will be more than doubled, Saltzgiver said, including motorized Class A and Class C units, some of which were not carried by the former Reichart’s.
“We used to stock about 100 to 115 units but now we are going to have well over 200 units on site all the time,” Saltzgiver said, “We will have a whole lot more to offer, not just in accessories.”
Camping World Inc. and Good Sam Enterprises LLC announced plans to open a new facility in the Eugene, Ore., market in September 2013, according to a press release.
The location, officially named Camping World of Eugene, will offer a wide array of RV sales, service, collision, parts and accessories for the outdoor enthusiast. The new supercenter will join almost 100 other Camping World locations across the U.S. with two already established in the state of Oregon in the Portland market. Camping World of Eugene will be located at 90855 Roberts Road in Coburg, exit 199 off Interstate 5.
“Eugene is an ideal setting for the RV enthusiast with close proximity to great camping and hiking trails,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “Our goals as a company are to identify locations where we can best serve the needs of the RV Community and the Eugene area is a great fit.”
Camping World, which for years solely had a retail accessory store in Junction City, Ore., made the decision to move its former location onto the I-5 corridor where the traffic patterns and the customer convenience are second to none. Camping World was approached by several developers and ended up choosing the Eugene area because of the natural beauty and recreational opportunities. With the support of city officials, Camping World was encouraged to build a supercenter encompassing all of its business segments which will generate tax revenue and new employment opportunities to the community.
“We pledged to our customers that when we reopened our location it would be bigger and better than ever, offering easier access to the nation’s best brands and offering the market’s lowest prices,” Lemonis remarked. “The overwhelming result from our other Oregon and Northern California locations gave us the confidence that having a full service supercenter was needed and we felt that a location in close proximity to I-5 was ideal.”
Camping World will be opening positions for seasoned and professional RV sales associates, technicians and retail support to assist at this new location. Camping World’s goal is to increase its presence in the Eugene market, provide exceptional service to customers and grow the work force.
The store will feature motorhomes and towables from the finest manufacturers and brands including Winnebago Industries, Fleetwood, Thor Motor Coach, Itasca, Coleman, Heartland, Keystone, Forest River, Cross Roads, Monaco, Holiday Rambler, Jayco, Starcraft and Coachmen.
On the accessory side the new location will feature new and innovative products including interactive displays and customer experiences from the top vendors such as Dometic, Honda, Thetford, Goodyear, Winegard, ADCO, Camco, Roadmaster, Husky, Reese, Cequent, Exide, Ultra-Fab, Coleman, Valterra, Dicor, Champion, Rand McNally, Max-Air, BAL, Furrion, Select Comfort, Cummins, Onan, WFCO, Weber, HWH, Presto-Fit, Stromberg-Carlson, Atwood, RDK Products, Magellan, King Controls, Charbroil, Amerigas, Exxon Mobil products and Norcold. Camping World also carries and creates their own private label lines of exclusive products for the RV, outdoor and home markets.
Camping World is the nation’s largest RV and outdoor retailer while Good Sam is the world’s largest RV owners organization.
Camping World Inc., the nation’s largest RV and outdoor retailer, today (Feb. 11) announced that it has acquired property in both Saukville, Wis., (Milwaukee area) and Fort Pierce, Fla., for expansion and future development to meet customer needs for product and service in new markets.
According to a press release, plans are under way to expand the company footprint with two additional locations in high traffic, outdoor-centric markets.
“These are great markets for Camping World/Good Sam to expand to,” said Marcus Lemonis, chairman and CEO of Camping World. “These locations fit nicely into our existing footprint and have a strong base on Campingworld.com customers as well as Good Sam members already in the area. We are excited to move forward in our own growth while serving our customers’ outdoor, RV and camping needs.”
The Camping World of Milwaukee and Camping World of Fort Pierce will feature motorhomes and towables from the finest manufacturers and brands including Winnebago Industries, Fleetwood, Thor Motor Coach, Itasca, Coleman, Heartland, Keystone, Forest River, Cross Roads, Monaco, Holiday Rambler, Jayco, Starcraft and Coachmen.
On the accessory side the new locations will feature new and innovative products including interactive displays and customer experiences from the top vendors such as Dometic, Thetford, Honda, Goodyear, Winegard, ADCO, Camco, Roadmaster, Husky, Resse, Cequent, Exide, Ultra-Fab, Coleman, Valterra, Dicor, Champion, Rand McNally, Max-Air, BAL, Cummins, Onan, Progressive Dynamics, Weber, HWH, Presto-Fit, Stromberg-Carlson, Atwood, Xantrex, Magellan, King Controls, Charbroil, Amerigas, Exxon Mobil products and Norcold.
“These new locations position Camping World for continued growth in both Florida and Wisconsin. Today the company operates a store in Madison, Wisconsin and in nearby Island Lake, Ill. In Florida, the existing 13-store Florida network will be enhanced with the new Fort Pierce location. Our Florida customers continue to embrace our growing presence in the sunny state,” stated Johnny Sirpilla, chief business development officer for Camping World/Good Sam. “We look forward to delivering the highest quality and outstanding service that Camping World customers have come to know and expect across the country.”
Camping World Inc. announced it has acquired additional acreage on the heels of opening its new SuperCenter in Tampa, Fla. The new location, officially named Camping World of Tampa, opened in July 2012 and will expand on an additional 24 acres.
Plans are underway to expand the new I-4 Tampa SuperCenter to be the largest retail facility in the company’s 100-location network. Currently, the location is undergoing expansion to expand and renovate into an 80,000-square-foot facility that will include 40 additional service bays, a new 17,000-square-foot Camping World retail store and a state-of-the-art collision center. The new facility will be completed within seven months with the process starting in mid-February.
“This is an incredibly exciting opportunity for Camping World,” said Marcus Lemonis, chairman and CEO of Camping World. “This location will be the flagship for Camping World Retail not only in Florida but in the entire U.S.”
He added, “This acquisition unquestionably positions Camping World to take the leadership position in the Southeastern United States. We look forward to delivering the highest quality and outstanding service that Camping World customers have come to know and expect across the country”.
The new Camping World facility is supported by 13 Camping World RV dealerships and retail stores already in the state of Florida.
Camping World Inc. announced that it has secured a new substantial increase of its multi-year floorplan credit facility.
According to a press release, Bank of America, N.A., which serves as the administrative agent, led the transaction. JP Morgan, which has partnered with the company since 2003, acted as co-agent.
The facility also includes seven of the nation’s premier lenders: US Bank, SunTrust, Key Bank, M & T Bank, Bank of the West, Ally Bank and Flagstar.
Marcus A. Lemonis, chairman and CEO, stated, “Our company’s explosive same store sales plus additional acquisitions and openings, coupled with another year of an unprecedented level of profitability has earned us a multi-year facility. Our top line outlook for 2013 remains positive and our tight inventory controls and right sized SGA has us well positioned for another solid financial performance.”
Floorplan financing is a line of credit that allows dealers to borrow against their inventory, and then repay that debt as they sell their inventory or borrow against the line of credit again to add new inventory.
Camping World Inc. will be opening its newest retail location, Camping World of Central Missouri, in late spring/early summer.
According to a press release, the outlet will be located on I-70 in the facility that formerly housed Lovealls RV in Columbia. Major renovation will occur at the property to construct a new 21,000-square-foot sales and service center.
“Central Missouri is an ideal setting for the RV enthusiast with close proximity to great camping and wonderful lakes,” said Roger Nuttall, president of Camping World RV Sales. “Our goals as a company are to identify locations where we can best serve the needs of the RV Community and the Columbia area is a great fit.”
“With the success we have experienced in the Springfield, Mo., market, we feel the addition of a Super Center in the middle of the state sets the stage for future Missouri expansion, east to St. Louis and west to Kansas City” added Marcus Lemonis, Camping World chairman and CEO.
Good Sam Enterprises LLC reported improved sales and earnings results for the third quarter, ended Sept. 30.
Revenues of $139.6 million for the third quarter of 2012 increased $11 million, or 8.6%, from the comparable period in 2011, the company reported.
Net income in the quarter was $3.3 million compared to $2 million for the same period in 2011. Good Sam’s financials do not reflect rolling stock sales from the company’s Camping World Inc. unit.
Membership services revenues of $38.7 million for the quarter decreased $0.4 million, or 1.1%, from the comparable period in 2011. This revenue decrease was largely attributable to a $1.7 million decrease in member events revenue due to the timing of annual member rallies and a $1 million decrease in revenue resulting from merging the President’s Club into the Good Sam Club. These were partially offset by a $2 million revenue increase from extended vehicle warranty programs and a $0.3 million increase in emergency road service revenue.
Retail revenues of $95.4 million for the quarter increased by $13.2 million, or 16.1%, from the comparable period in 2011. Aftermarket parts and accessories store merchandise sales increased $10.9 million due to a same store sales increase of $5.4 million coupled with a $6.1 million increase due to the opening of 16 new Camping World stores over the last 21 months.
Media revenues were down 24.1% to $5.5 million for the quarter from the comparable period in 2011. This decrease was primarily attributable to a $0.7 million reduction in consumer show revenue, a $0.6 million reduction resulting from the sale or closure of non-core media businesses in 2011, and a $0.5 million reduction in magazine revenue.
Two stores were closed in the last 21 months in order to consolidate operations within specific geographic areas. Also, mail order and Internet sales increased $3.8 million, installation and service fees decreased $1.2 million, and supplies and other revenue decreased $0.3 million.
To view the entire report click here.
The big, abandoned car dealership on Interstate 95 in Jacksonville, Fla., is going to get a tenant. Camping World Inc. will move in next spring, opening an RV dealership.
The Florida Times-Union reported that it’s been more than three years since the plans to open a multi-dealership auto complex stalled. Construction began on the Jacksonville Auto Mall in 2008. But after the first building went up, construction stopped. And that one building, which was supposed to be a Hyundai dealership, was never occupied. It all just sat.
Fred Hassan of Jacksonville bought the 12.9 acres recently for $700,000 and will lease it to Camping World. Hassan used to own Suncoast RV, with 15 locations. He sold eight of them to Camping World and the rest to other companies.
“It needs a lot of work,” he said. “I’ll probably spend a couple million to get it [to] the tenant’s specs.”
Along with the Jacksonville location, Hassan is tearing down a shopping center along Interstate 75 south of Valdosta to make room for another Camping World dealership.
Camping World is the country’s largest RV and accessories dealer, with close to 90 locations nationwide, said Matt Bateh, general manager in Jacksonville. Locally, it has stores in St. Augustine and another store on Beach Boulevard in Jacksonville, but business is doing well enough to warrant a third location, he said.
“Everyone thinks that because gas prices are up, people don’t drive RVs,” he said. “But if you’re willing to spend $350,000 for a motorhome, you don’t care about gas prices.”
He said he wasn’t certain, but he expected the new store to be bigger than Beach Boulevard, which carries about 125 units, and smaller than St. Augustine, which usually has at least 200.
Camping World also sells parts, accessories and other camping supplies such as kayaks and bikes. Bateh said he expected to hire about 35 employees, but that wouldn’t begin until next year.
Mega-dealer Camping World Inc. and affiliate Good Sam Enterprises LLC today (Nov. 7) announced their donation of $75,000 in sleeping bags, blankets, air mattresses, lanterns & 2,000 gallons of water to the relief efforts in the New Jersey communities affected by Hurricane Sandy and the recent winter storms.
Camping World and Good Sam ran a nationwide blanket drive in their retail stores and corporate offices and are sending shipments of blankets from their locations across the country as well as trucks of supplies from their distribution centers to aid in the Hurricane Sandy relief efforts. All supplies are being sent to the Camping World location in Lakewood, N.J., to be distributed to multiple relief centers in the Ocean County area.
The relief aid is scheduled to arrive tomorrow morning and will be available for pick up at the area relief centers starting that evening.
Participating relief centers include: Point Pleasant & Point Pleasant Beach; Church of Grace & Peace in Toms River, Lacy Methodist Church in Lacy Township and Visitation Church in Brick, New Jersey. All donated supplies will be available to those in need during normal relief center hours.