Description This Southern California Solar Energy Company is a fully operational, turnkey clean energy business that has management and sales staff in place. This highly lucrative solar facilitator sells cost saving solar energy panels to residential clients and subcontracts panel installation to several large and highly qualified firms. They boast the strongest financiers in the business and are able to finance installation projects for clients with any credit history. This firm's business model allows for extraordinarily high profit margins as its management team has perfected its sales strategy to be the most effective and productive in the industry. This has resulted in a remarkably efficient operation with a low cost structure. Current owners to retain 10% equity in the company and will remain involved as board members going forward.
Asking Price $8,000,000
This solar sales company operates out of a 2,000 square foot office that leases for less than $2,000 per month, with a year remaining. The sale includes accounts receivable of approximately $200,000. It does not include an estimated $250,000 in working capital, which will be required unless the buyer prefers to factor receivables.
Competition certainly exists as solar is one of the fastest growing sustainable industries in California that has federal and state initiatives have stated that California must be 30% solar by 2020. Few competitors have the established business model, expertise and success rate that this business maintains. More importantly, no competitors have access to the strength of financiers that this firm boasts with their revolving $1 billion credit fund in what's now considered to be a 'closed door market' for industry entrants.
With only 1% of California homes currently utilizing solar, the growth potential of this industry is virtually unlimited. Management can readily duplicate this business model wherever energy costs and climate lend themselves to solar.