Business Overview

Established in 1979, this Solar Energy Company is a State Certified Solar Contracting company, Recognized statewide as one of the leaders in solar technologies. The company has installed thousands of systems here in FL and in the Bahamas. The company specializes in residential and commercial pool heating, domestic and commercial hot water systems, photovoltaic power systems, battery back-up power systems and solar powered attic ventilation systems. They have secured distributor and partnership relationships with companies like; SunPower, Panasonic, Canadian Solar, Mission Solar, Heliene, QCell and Hyundai Photovoltaic Panels, Enphase, Schneider, AP Systems, Solar Edge, SMA, and Outback Power Inverters, Heliocol/SunStar Pool Heaters, Heat Wave, and Gulfstream, Heat Pump Pool Heaters. In addition, AET and SunEarth hot water domestic collectors and Rheem, American Standard, and A.O. Smith solar storage tanks, Rheem Hybrid Heat Pump water heaters and Generac generators for back-up power. They are a member of the Better Business Bureau, the Chamber of Commerce, the Treasure Coast Builders Association, the Florida Spa and Pool Association, the Florida Solar Energy Industry Association, the Florida Solar Energy Research and Education Foundation, and The American Solar Energy Society. They have been honored by winning the prestigious “Solar System of the Year” award by the State Solar Trade Association on three separate occasions. The owner holds a Bachelor of Science degree in Electronic Engineering. Currently serves on the Board of Directors of the Florida Solar Energy Industries Association and the Board of the Solar Energy Educational Foundation. He is a two-term past-president and serves on the Ethics, Engineering, Education and Membership committees. He is a member of the Treasure Coast Home Builders Association, the Florida Spa and Pool Association and the American Solar Energy Society. He has also consulted on numerous projects with the Florida Solar Energy Center at the University of Central Florida, the Department of Community Affairs on Energy Code revisions and the Construction Industry Licensing Board as an SME (Subject Matter Expert) to compile the test data for contractors to take their state competency test. He serves as an SME for Professional Testing Institute to create the National Solar Thermal exam for NABCEP (North American Board of Certified Electrical Practitioners). He has also, authored dozens of articles for the Florida Sun Newsletter and Sun Flash, two highly circulated solar publications. He was selected to serve on the Treasure Coast Regional Planning Council’s (1998/1999, 2001 Energy Task Force). In 1996, he was honored by being selected to design, contract and supervise the installation of the largest solar pool heater in the United States for the 1996 Summer Olympic Games at Georgia Tech University in Atlanta, Ga. In 1999, designed one of the largest solar pool systems in Mexico at the Mexico Institute of Technology and in 2000 designed and supervised the largest solar pool system in South America at the Minas Tennis Resort in Bela Horizonte, Brazil. They currently own their 2950 sq ft facility on a 1/4 acre with ample parking for their fleet of vehicles and all the equipment necessary to handle any type of installation. Please refer to listing 7301728717, Business Broker John Devries 772 260-7647 when you inquire about this listing.

Financial

  • Asking Price: $3,500,000
  • Cash Flow: $594,616
  • Gross Revenue: $8,425,591
  • EBITDA: N/A
  • FF&E: $750,000
  • Inventory: $100,000
  • Inventory Included: Yes
  • Established: 1987

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: Square Footage: 2,905 Building Type: STAND ALONE Terms & Options: PROPERTY OWNED Expiration Date:

Is Support & Training Included:

4 weeks training at no cost

Purpose For Selling:

Retiring

Pros and Cons:

Non Compete : Miles: 100 Years: 5

Additional Info

The company was established in 1987, making the business 35 years old.
The transaction does include inventory valued at $100,000, which is included in the suggested price.

The company has 15 employees and is situated in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is really vital that you not count absolutely on a seller's word, yet instead, use the vendor's response together with your total due diligence. This will repaint a more practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses take out loans in order to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new customers? Many times, businesses have repeat clients, which create the core of their day-to-day earnings. Specific aspects such as brand-new competition growing up around the location, road construction, and also personnel turn over can impact repeat customers and also adversely influence future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the chance to build a returning client base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the regional mean household income impact future earnings prospects?