MarineMax, the nation’s largest recreational boat retailer, announced today that it has increased its existing financing facility with GE Capital from $100 million to $150 million. The increased facility provides for as much as $150 million of floorplan financing. The facility has a three-year term that will expire in June 2014 and has two one-year…more
MarineMax, based in Clearwater, Fla., is the nation’s largest recreational boat retailer and the largest Sea Ray dealer in the world.
MarineMax recently launched a new e-commerce website. The site at www.boatinggearcenter.com was designed to support the growth of the company’s boating gear and accessories retail business, which now includes savings on more than 200,000 products, from anchors to zincs and boat tops to outboard engines. “The new site, which replaces the previous Boating Gear Center…more
MarineMax announced the creation of a boating superstore in Osage Beach, Mo., adjacent to Lake Ozark. Joining forces with Tracker Marine of Springfield, Mo., the companies have assembled a fleet of boats from 14 to 30 feet. The selection covers entry-level and premium brands, including Tracker, Tahoe, Nitro, Malibu, Harris Pontoon and Sea Ray sportboats.…more
MarineMax today introduced the MarineMax Community, a website that allows users to share their boating experiences, photos, videos and opinions, as well as access resources designed to help them maximize their enjoyment on the water. The site is free and open to anyone who is interested in fishing, wakeboarding, yachting and all other boating activities.…more
MarineMax today announced an increase in revenue and same-store sales for its second quarter, but also reported a net loss for the period. On a call this morning with analysts, chairman, president and CEO William McGill Jr. noted it was the company’s second quarter in a row with growth in new-boat sales. New-unit sales were…more
MarineMax will hold a conference call at 10 a.m. EDT Friday to review its second-quarter financial results. To access the call, please visit the investor relations section of the company’s website. An online replay will be available for a limited time, beginning within one hour after the call concludes.
MarineMax acquired Treasure Island Marina’s retail sales and brokerage operation in Panama City, Fla., which will become the 57th location for MarineMax and its first store in the eastern panhandle of Florida. The Panama City store focuses on selling cruising and fishing brands, such as Sea Ray, Boston Whaler and Grady White. It also offers…more
MarineMax today announced a strategic business alliance with Marinas International that will allow MarineMax access to Marinas International’s marinas and the opportunity to establish sales brokerage offices while supplying Marinas International with increased traffic and occupancy for its more than 15,000 slips. The sales brokerage offices will primarily focus on listing, marketing and management of…more
MarineMax announced new partnerships Thursday with Sea Tow Services International and Marinalife. Under the terms of the Sea Tow agreement, each person who purchases a new boat from MarineMax will receive a complimentary 95-day Sea Tow Gold Card membership and each person who purchases a used or brokerage boat from MarineMax will receive a complimentary…more
MarineMax today reported a decrease in revenue and same-store sales for its fiscal first quarter, but company officials said new units sold were up 25 percent, compared with the same period last year, and margins were increased. Much of the revenue decline, they said, was based on fewer used boats sold – a consequence of…more