New
Highly Profitable Established Solar Sales, Installation & Electrical Contracting Company
FEATURING A COMPANY INVOLVED IN CUTTING EDGE TECHNOLOGY
BUSINESS CONCENTRATES ON SOLAR SALES, INSTALLATION & ELECTRICAL CONTRACTOR
Service area is primarily Central California & Central Coast. A company that has a 45-year track record in business as a reputable local company. The Office & Showroom is located on a high traffic corner with good signage. Operating from a leased location featuring a 1,650 sq. ft. office space with a Solar Showroom, Conference Room, Breakroom and offices. There is an attached 3,300 sq. ft. Warehouse with a fenced yard and an additional shared fenced area with the other tenants for parking additional equipment.
Owners have taken a hands-off approach and run the business remotely and have successfully continued to grow and operate the business to perfection. This turnkey business has operations dialed in using a proven sales process, skilled, dedicated, long-term Management and tradesmen that take pride in their work. Solar installations are done with high quality workmanship, using high quality panels and a reputable solar brand. This is only available through a SunPower Dealer Partnership that provides many additional benefits.
This company is positioned for growth with established contractor relationships and a niche market combining electrical, solar & battery storage on new multi-family housing and construction projects to maximize profits as well as residential installations, commercial installations of both solar and battery storage systems. The growth potential for this business in this market is very high!
Services include commercial and residential electrical & solar, battery storage systems and emergency backup generators.
Electrical Projects include multi-family housing, medical offices, tenant improvements, public works and electrical for solar projects.
Residential Solar offering high end solar products, zero down lease and loans, installations include meter upgrades as needed with in-house electricians on rooftop, ground-mount, solar-carport, RV and shade structures & battery storage units.
Listed By: Verlen Love
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Background information
Reference:
53681
Year established:
1978
Reason selling:
Retirement
Finance
Sales:
$7,400,000
Profits:
$865,000
Profit type:
Discretionary Earnings
Operations
Employees:
Owners are absentee. Operations and Sales Manager, Office Manager and two full Installation and Electrical Crews.
Equipment:
Equipment List provided during due diligence process. Approximate value is $400,000.00. Balance Sheet will be provided.
Inventory:
Varies with workload, approximately $75,000.
Furniture fixtures and equipment:
Provided during Due Diligence
Premises
Facility:
Office with a Warehouse in a multi-tenant building with a fenced area and a shared fenced area with other tenants.
Square footage:
1,650 sqft Office Space, 1,300 sqft Warehouse with fenced yard.
Rent and lease terms:
Current rent is $6,000.00/month plus $475.00 Common Area Maintenance charges.
Location:
Central Valley of California
Opportunities
Growth:
The business receives leads from Referrals, Solar Manufacturer, a fully optimized website using Google, SEO paid search, and some are self-generated. The close ratios are approximately 35-40% overall by the sales team. The Seller’s perform work in the central valley and central coast, with the marketing budget focused locally. They have stayed local focusing more on the Solar business. Expanding to the Central Coast and up to Fresno would definitely be a way to expand the business.
Market:
Mainly the Central Valley of California. Can be expanded to the coast as well as throughout California.
Price and terms
Price:
$3,150,000
Down payment:
$500,000
Financing:
Preapproved for SBA Financing.
Training:
4 weeks, 20 hours per week