Profile: MarineMax Inc (HZO)
24 Mar 2017
MarineMax, Inc., incorporated on January 20, 2015, is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016. The Company also sells related marine products, including engines, trailers, parts and accessories. In addition, it provides repair, maintenance, and slip and storage services; arranges related boat financing, insurance, and extended service contracts; offers boat and yacht brokerage sales, and operates a yacht charter business.
The Company primarily sells recreational boats, including pleasure boats and fishing boats. The Company also operates as a retailer of Sea Ray and Boston Whaler recreational boats and yachts, which are manufactured by Brunswick Corporation (Brunswick). It is a dealer for Meridian Yachts, and Harris aluminum boats. It is also the dealer for Azimut-Benetti Group (Azimut), for Azimut mega-yachts, yachts, and other recreational boats for the United States. The Company offers Motor Yachts, Convertibles, Pleasure Boats, Fishing Boats, Ski Boats and Jet Boats. The Company also sells used versions of the new makes and models it offers. It also provides the Brunswick Product Protection warranty plan available for used Brunswick boats less than nine years old. The Brunswick Product Protection plan applies to each qualifying used boat, which has passed a 48-point inspection, and provides protection against failure of most mechanical parts for up to three years.
The Company offers marine engines and equipment and sells marine engines and propellers primarily to retail customers as replacements for their existing engines or propellers. It also sells a range of marine parts and accessories at its retail locations, at various offsite locations, and through its print catalog. Its marine parts and accessories include marine electronics; dock and anchoring products, such as boat fenders, lines and anchors; boat covers; trailer parts; water sport accessories, such as tubes, lines, wakeboards and skis; engine parts; oils; lubricants; steering and control systems; corrosion control products and service products; accessories, such as propellers and instruments, and a line of boating accessories, including life jackets, inflatables and water sports equipment. The Company also offers novelty items, such as shirts, caps and license plates bearing the manufacturer's or dealer's logos.
The Company provides maintenance and repair services at most of its retail locations, with extended service hours at certain of the locations. In addition, it provides mobile maintenance and repair services at the location of the customer's boat. It performs both warranty and non-warranty repair services, with the cost of warranty work reimbursed by the manufacturer in accordance with the manufacturer's warranty reimbursement program. It offers boat storage services, including in-water slip storage and inside and outside land storage. At each of its retail locations and at various offsite locations where applicable, the Company provides its customers the ability to finance new or used boat purchases and to purchase extended service contracts and arrange insurance coverage, including boat property, credit life, and accident, disability, undercoating and casualty insurance coverage (collectively, F&I). It also offers third-party extended service contracts under which, for a predetermined price, the Company provides all designated services pursuant to the service contract guidelines during the contract term at no additional charge to the customer above a deductible.
For a commission, the Company offers for sale brokered boats or yachts, listing them on various Internet sites, advising its other retail locations of their availability through the integrated computer system, and posting them on its Website, www.MarineMax.com. The Company also provides customers the opportunity to charter power and sailing yachts in exotic destinations, starting with its location in the British Virgin Islands (BVI). It also assists its customers with the opportunity to purchase credit life insurance, accident and disability insurance, and property and casualty insurance.
2600 McCormick Dr Ste 200
CLEARWATER FL 33759-1001