Solar Power B2B with No Self-Performing Labor

Not Disclosed, MO

Servicing Midwestern States


Asking Price: Annual Revenue:
$7,900,000 $8,068,686

Services: Green Businesses - Recycling


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RE: Solar Power B2B with No Self-Performing Labor Broker: Cortney Sells
Owner Financing is Available!
80% Buyer & Bank $6,320,000 10% Seller Financing $790,000 10% Equity Roll (if buyer desires) $790,000

Quick Facts

Asking Price: $7,900,000
Annual Revenue: $8,068,686
Net Profit: Not Disclosed
Cash Flow: $1,670,114
Total Debt: Not Disclosed
FF&E: $215,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 6
BBN Listing #: 476534398
Broker Reference #: AGE001

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Business Overview:

This business sells and coordinates installation for solar power to local industrial and commercial clients. They do not self-perform any of the labor, allowing them to maintain a profit margin over 20% year over year. The current team includes 6 core employees: 1 project manager, 1 project coordinator/client liaison, 2 business development associates, 1 sales manager, and 1 outside sales rep. Outside of this core team, they hire and coordinate subcontractors in the area for labor. Thanks to the size of this team and installation strategy, the overhead costs have been kept low by operating out of a modest 4,200 square foot office space and very minimal equipment CapEx. Their services include solar power equipment sales and coordinating installation, with the client base made up of 90% commercial and industrial clients and 10% agricultural, nonprofit organizations, and schools. They operate in Missouri, Iowa, Kansas, and Illinois. This company signs only 25% of their contracts in Q1; they currently have over $3M in signed contracts, which would have annualized revenue reaching $12M! The majority (50%) of their contracts are signed in Q4.

Thanks to their skilled team, including a sales manager and sales reps, this business-to-business company has no trouble finding new clients. The recently passed US Infrastructure Bill will directly and positively impact this company. Additionally, the continued push for green energy will organically push this industry. The current owner is looking to phase out over a 1-3 year transition period and is willing to roll equity of 10%, plus offer a 10% promissory note. We believe that this shows good faith in the future success of the business and mitigates
risk to the future owner!

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Market Competition and Expansion:

Expanding service area into more territories and concentrating on municipality contracts. The recently passed US Infrastructure Bill will directly and positively impact this company. Also, the continued push for green energy will organically push this industry.

Reason for Selling:

Retirement Planning.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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