Solar Energy Company With High Backlog For Sale

Description

Established renewable energy company for sale in Springfield, Illinois.

The business was founded in 2008 and provides renewable energy consulting, system design, project management, procurement and energy management services.

The seller reports three consecutive years of cash flow growth and a profit margin of approximately 37%.

Customer mix

• Approximately 50% residential
• Approximately 25% small business
• Approximately 25% agricultural

Operations

• Leased office suite
• Full-time project coordinator
• Part-time technician
• Established project management and procurement systems

The owner is retiring and is willing to remain with the company for approximately one year after closing, with additional consulting support potentially available afterward.

Potential areas for expansion include entering additional geographic markets, adding installation or service crews and developing an outside sales team.

The asking price is $1.2 million, stated by the seller as approximately a 1.9 multiple.

The source states that the seller will carry 10% of the purchase price and also references a separate 10% promissory note. Buyers should confirm whether these represent two separate financing components or the same seller-financing arrangement.

Buyers should verify active contracts, project backlog, licenses, supplier relationships, equipment ownership and any Illinois renewable-energy or electrical contractor requirements during due diligence.