Providing exceptional solar design and installation in the Midwest area, this business is ready for growth and expansion. With little overhead and high gross sales, this is the perfect business for someone looking to enter the solar business or expand current operations.
This company currently focuses on the engineering, design, and installation of Solar Photovoltaic projects and are currently NABCEP Certified Solar Photovoltaic Installers. The projects undertaken by this company are from inside sales, referrals, and subcontracting for other solar developers. Installs have a 20% - 45% margin, making this a great revenue generating business. With the bulk of the operations in commercial installation, there is room to expand into the agricultural and residential markets.
This company has grown quickly since 2011 and they have installed over 100,000 individual solar modules for Midwest customers. Longstanding relationships with distributors, subcontractors, and customers help show that this business has been providing quality work in the solar industry and is ready for a new owner to take it to new heights.
Intangible Assets: Great reputation and referrals
Tools and Vehicles: $30,000
Upcoming Work: $5,800,000
Potential Additional Work: $1,000,000
Average Sale Size: $100,000
Year Established: 2011
Service Area: Iowa, Missouri, Kansas
Average Jobs Last Year: 20
Lease: 2 offices
Reason for Selling: Other Ventures
Employees: 1 Ft, 1 PT as needed, 1099s hired as needed per project, based on location
Hours: 8:00-5:00 Monday-Friday
Seller Training Period: 3 months
Growth Opportunities: Increase direct sales, Increase service area, Increase service contracts
Current Owner’s Responsibilities: Sales, Project Management, Financial Management of projects
Currently subleasing 2 offices
Increase Sales: Increase inside sales, Increase subcontracted sales
Increase Services: Residential, Agricultural
Increase Service Area: Several nearby states not currently included in sales area
(Would need to ensure you have licenses in states where you would like to operate)
Increase Service Contracts: Currently service contracts are a very small portion of revenue and could be increased
1 Ft, 1 PT as needed, 1099s hired as needed per project, based on location
Purchase Price: $2,612,000
10% Buyer Down Payment: $261,200
10% Seller Financing: $653,000
80% Bank Loan: $1,697,800
A 10% down payment of $261,200 returns $189,843 in the first year after debt payments!