SOLD!
Details
Asking Price: |
$1,500,000 |
Annual Sales: |
$12,279,000 |
SDE: |
$503,000 |
Inventory: | TBD |
FF&E: | TBD |
Real Estate: | TBD |
Employees: | TBD |
Location: | Front Range of Colorado |
Reason For Sale: | Retirement |
Business Description
Well established and growing renewable energy services/electrical contractor in both the residential and commercial sectors. The company specializes in the design and installation of solar energy production systems and energy storage/battery systems (micro-grids). All solutions are customized to each client’s specific needs. Strong and long-standing staff of solar and energy storage engineers, electricians, and sales personal that lead the way to helping clients design solutions to meet their sustainability and resiliency goals.
Technology insight provides a strong growth opportunity to expand and leverage this growing and emerging market. Company has remained strong despite COVID (business is recession proof) and sees strong growth opportunities for the right buyer. The company has an impeccable reputation for new energy implementation and has processes in place to help ease transition to new ownership.
The Buyer should have leadership and management experience, as well as having a strong interest in this burgeoning energy field that powers America’s homes, businesses, and vehicles. Owner has built a strong and cutting-edge business over 25 years and is ready to retire. Passing the torch to the next qualified owner is key. Owner wants to ensure a smooth transition and will assist buyer to continue to be successful. Time commitment is negotiable.
With SBA financing and several SBA incentives available, the business can be acquired with a down payment of 10 to 15%. In this scenario an SBA loan structure would require a $150,000 down payment and a $1,350,000 loan. Working capital and additional capital for expansion may be added to the sell price and can be included in the SBA loan package.
The Company’s headquarters are located in Colorado, with satellite offices in Montana and Massachusetts.
Represented by David Yanish. Tell me more about this business.