Is it time for Ocean Breeze Exteriors to sell?

Is it time for Ocean Breeze Exteriors to sell?

Just an update on our business for sale to all of you that have expressed interest.

We love you guys, our customers, and want to stay completely transparent so that you know we’re not going to take this process lightly and just sell out.

Our goal is to pass the company on to someone who’s going to honor the vision of what my dad built here and take care of our customers. Best case scenario for us would be if one of our customers wanted to buy the business.

We had a contract presented this week, but it fell through when the prospective buyer refused to negotiate on ANY of the points in the contract. We’d really hoped this was the one, because he seemed like he had a good plan for the future of our business at first.

But then it came away feeling like he wanted us to carry 100% of the risk while he used the business to launch a different business. I don’t really know, though, because he balked when I started asking questions. We just didn’t feel comfortable that he was going to be the best fit for our customers.

With that said, we are still for sale.

Seller financing is certainly an option if that’s something you need to look into.

Please let me know if you have any questions.

I just analyzed our income numbers for this year, and we’re on track to do better than last year’s numbers, DESPITE all the hiccups in the supply chain and lumber pricing this year.

Dave Jr.

It’s Time to Retire!

We have a big huge ginormous announcement about Ocean Breeze Exteriors!

Many of you have worked with my dad for years. That’s him up there on the right, leaning on the company’s first work truck. He started the company way back in 1987 when we were all much younger, and I still had hair. He’ll be 70 this year and decided it’s time to hand it over. It’s not only that though.

Many of you may not, but Dave Sr. suffered a minor stroke a month ago. He’s recovered now, so don’t worry, but it scared all of us. He eventually would’ve retired at some point, but the stroke was a wake up call. He’s got lots of traveling he still wants to do, so it’s time to pass on the business.

I wanted to announce this publicly because, as our customers, you should know what’s going on, especially if you have jobs in progress right now.

I want you to know that both me and my dad will be hand-picking the new owner and not just selling to anyone who comes along with some cash. We’ll be making sure they’re as qualified as we are to lead the company and pick up where we are. We also want to make sure you’ll get the same service.

We have lots of potential areas of expansion that are planned in coming years, so we also want to get a new owner in that has the energy to put those new ideas into action. As a matter of fact, we started construction on a new updated showroom just this month.

The area below will be completely remodeled as a glass sunroom. We’re also remodeling the workshop area to be more accessible to tours of our manufacturing space.

Now that the main announcement is over, I have something to ask.

If you or someone you know might be interested in taking the helm here, please give us a call or have them get in touch.

Here’s some basic info if you want to pass it on:

• Our main product lines are sunrooms and shade (pergolas, patio covers, awnings, etc).
• We average around a million dollars a year with less than a dozen employees.
• We do over 400 projects annually.
• There isn’t a slow season. We work year-round.
• We do enough infrastructure and facility-related projects to stay classified as an Essential Business in disasters.

For anyone interested in the company, we’re running all that through our friend Kenneth Wells at Coastal Business Brokers. All financial inquiries go through him, but you’re welcome to stop by anytime to look around the showroom. You can find Kenny at 843-448-1090 or CBBroker.com.

Please check in with us if you have any questions.

Thanks!

Dave Jr.