What is Ray Citte?
Ray Citte, founded in 1946 and based in Roy, Utah, is a long-standing dealership specializing in new and pre-owned recreational vehicles. The company offers a wide array of RVs, including motorhomes, fifth wheels, toy haulers, and travel trailers, from prominent manufacturers such as Forest River and Heartland. Beyond vehicle sales, Ray Citte provides extensive parts and service support, aiming to deliver a comprehensive customer experience. Their enduring presence for over 80 years highlights a deep commitment to customer relationships and service excellence within the RV market.
How much funding has Ray Citte raised?
Ray Citte has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Ray Citte?
The substantial capital infusion, particularly the recent strategic investment, positions Ray Citte for accelerated expansion and enhanced operational capabilities. This backing is indicative of a large-scale, late-stage funding environment, suggesting the company is poised to scale its operations, potentially through expanding its inventory, enhancing its service infrastructure, or exploring new market territories. The focus on strategic investment implies a forward-looking approach to solidifying its market leadership and capitalizing on emerging opportunities within the recreational vehicle industry.
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