Solar Installation Coordination And Procurement

Business Overview:

Presenting a reputable renewable energy company based in Springfield, Illinois, established in 2008. The company has been providing sustainable energy solutions to its clients within a 60-mile radius of Springfield. With a diverse client base, including small businesses (25%), residential clients (50%), and agricultural producers (25%), this business has also worked with non-profits and municipal clients. With over 14 years of experience in the renewable energy sector, this business has established a strong presence in the market. Offering a comprehensive range of services, including consultation, site assessment, system design, project management, product procurement, and energy management. Operating from a leased office suite in the heart of downtown Springfield, with three open offices. The company has a full-time project coordinator and a part-time diagnostic technician on its team. The current owner is involved in the day-to-day operations, providing general oversight, high-level sales, and administrative functions. The owner is planning to retire and is selling the business. The seller has offered to remain active in the daily operations for 6 months to 1 year post-close and is open to a consultant role following this transition. To sweeten the deal further, the seller has offered to carry 20% of the purchase price to show their vested interest in the continued success of the business moving forward. Priced at $1,800,000 a 10% down payment can return $239,510 in the first year after debt payments. Growth opportunities include geographical expansion to increase market presence, onboarding additional installation crews and bringing an outside sales person to the team. They carry a Women Business Enterprise (WBE) designation, although the designation is not required post-close as they do not focus on public bid work.

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Property Features and Assets:

Equipment: $5,000 Very low CapEx

Market Competition and Expansion:

Geographical expansion, onboard additional installation crews, and bring on an outside sales associate

Reason for Selling:

Additional Details:

Documents:

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