Listing ID: 76730
Get in on the GREEN ECONOMY! Established & profitable solar sales company. Based in LA County and established in 2016 by industry insiders, the business quickly expanded and currently sell and install residential solar systems in 22 states.
2018 Revenue = $1.8M, 2019 Revenue = $4.7M, 2020 Revenue = $5.6M
2021 Sales = Averaging $500K per WEEK!! (will probably install about $8M with $6-7M in A/R)
Debt Free & *** Currently $7.1M in signed agreements included ***
The experienced ownership/management team have streamlined the business to maximize efficiencies, income, and margins! A buyer can walk in and take over the , systems in place to mange and monitor: sales, installation, finance, city permitting, etc…. all while exceed sales goals, & provide high levels of customer service & satisfaction.
A 20+ person sales and installation/project management team is headquartered in Southern California. Additionally, relationships have been cultivated with 50+ independent contractors and operators that provide the installation.
The government and everyone in general are going GREEN. Only a small percentage of home’s have solar … this market is HUGE. Leverage what has been established to grow deeper into the residential market or expand to commercial, multi-family, industrial, etc.. The Sky is the Limit!
All interested and qualified Buyers are required to complete a Non-Disclosure agreement to get additional information.
- Asking Price: $4,995,999
- Cash Flow: $750,000
- Gross Revenue: $8,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:25
- Furniture, Fixtures and Equipment:N/A
3700 sq/ft office
Yes, as negotiated/needed
The company was established in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nonetheless, the true factor and the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a range of various other factors. This is why it is extremely important that you not depend entirely on a vendor's word, but instead, make use of the vendor's answer in conjunction with your total due diligence. This will repaint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans so as to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new consumers? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as new competition sprouting up around the location, road building, and staff turn over can influence repeat clients and adversely influence future incomes. One important thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the higher the possibility to construct a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional average home income impact future earnings prospects?