Turnkey Solar Solutions: Design, Procurement, Consulting, & Quality Assurance
$15M+ in the pipeline!
There is over $15M in the pipeline at this turnkey solar solutions company! Their services include design, procurement, consulting, and quality assurance. The business had over $3M in sales in 2020. Providing solar integration for residential & commercial clients, the business is well-established in the region. Based out of a 4,000 sq. ft. space and with over 400 installs since the company’s inception, warranties have expired, which could certainly lead to service contracts being offered and a boost in revenue. The 2 owners currently share operations and development roles. The range in price for residential customers (50% of their client base) is $17-$25k. On the commercial side, it can range from $20k-$2M, depending on the size and scope of the project. There is a well-established reputation with some large-name commercial clients in the region, with long-standing relationships ranging from 2-7 years. The company uses top-notch Helioscope software for project design and industry-leading Energy Toolbase software for proposals.
Assets include a 2021 Chevy 2500, a 2015 Ford F150, a 2015 Chevy 1500, and a work van, totaling more than $80,000 in value. There are substantial growth opportunities for a new owner. As electrification is increasing throughout the country, customers looking to take advantage of the tax incentives and economic benefits of solar integration will only increase. Expanding the client base in the commercial and industrial space would lead to tremendous growth.
Priced at $2,700,000, a 13% down payment of $351,000 returns $476,711 in the first year after debt payments – a 136% return on investment!
Year Established: 2013
Location: Dubuque, Iowa
Service Area: Primarily Tri-State area: Iowa, Illinois, & Wisconsin
Services: Turnkey Solar Solutions: Design, Procurement, Construction, Project Financing, Quality Assurance, & Consulting
Clients: Residential (50%) & Commercial (50%)
Lease: 4,000 sq. ft.: 50% is office space, 50% is warehouse storage space at $1,400/month
Reason for Selling: Other non-compete opportunities
Personnel: 4: 2 Owners + 1 Master Electrician & 1 Project Manager; install & electrical subcontracted as needed
Seller Training Period: 6-12 months
Growth Opportunities: Expand client base in commercial & industrial space, add maintenance/service contracts
Current Owners’ Responsibilities: Sales, Operations & Development
Cash Flow Analysis
|Description of Financial Statement||Tax Return|
|Net Income Shown on Financial Statement||$803,917||$73,003||$272,932||$-121,108|
|Legal Fees||$0||$19,792||$0||$0||Reinstatement of S Corp|
|Rental Equipment||$3,758||$5,797||$1,398||$0||50% onward going|
|Seller's Cash Flow = Total Addbacks + Net Income||$831,191||$132,052||$295,226||$-107,615|
|Profit Margin||22.77 %||1.95 %||25.87 %||-6.98 %|
- Profit Margin 2020: 23%
- List Price: $2,700,000
- Cash Flow: $831,191
- A/R: $139,268
- WIP: $746,000
- Secured Work: $2M
- Pipeline: $15M-$17M
- Assets: $80,000+
- Vehicles: $80,000-- 2021 Chevy 2500 ($40k), 2015 Ford F150 ($20k), 2015 Chevy 1500 ($15k), Work Van ($5k)
- Software: HelioScope & Energy Toolbase
- Intangible: Long-term client relationships, well-known in the Tri-State Region
- Residential (50%)
- Commercial (50%)
Specific information regarding clients is available upon the receipt of a signed Non-Disclosure Agreement.
This company provides a variety of turnkey solar solutions. They have around 400 installs in the marketplace right now. The range in price for residential customers is $17-$25k. On the commercial side, it can range from $20k-$2M, depending on the size and scope of the project.
- 2 Owners: Operations & Development
- 1 Master Electrician
- 1 Project Manager
- Expand client base in commercial & industrial sector
- Add maintenance/service contracts
Offer Price: $
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Omaha, NE 68114
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