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With over 400 current clients and $2M in secured work, this company provides solar integration for residential & commercial clients and is well-established in the tri-state region of Iowa, Illinois, and Wisconsin! Based out of a 4,000 sq. ft. space in Dubuque, the team has an experienced Master Electrician and Project Manager already in place; install and electrical work is subcontracted out as needed. With over 400 installs since the company’s inception and a pipeline of $15-17M, warranties have expired, which could certainly lead to service contracts being offered and a boost in revenue. They offer a variety of service including design, procurement, construction, project financing, quality assurance, and consulting. The 2 owners currently share operations and development roles. The range in price for residential customers (50% of their client base) is $17-$25k. On the commercial side, it can range from $20k-$2M, depending on the size and scope of the project. There is a well-established reputation with some large-name commercial clients in the region, with long-standing relationships ranging from 2-7 years. The company uses top-notch Helioscope software for project design and industry-leading Energy Toolbase software for proposals.
Assets include a 2021 Chevy 2500, a 2015 Ford F150, a 2015 Chevy 1500, and a work van, totaling more than $80,000 in value. There are substantial growth opportunities for a new owner. As electrification is increasing throughout the country, customers looking to take advantage of the tax incentives and economic benefits of solar integration will only increase. Expanding the client base in the commercial and industrial space would lead to tremendous growth.
Priced at $3,450,000, a 12.5% down payment of $431,250 returns $389,995 in the first year after debt payments, which is a 90% return on investment.
$16,800 (USD) per annum
Lease: 4,000 sq. ft.: 50% is office space, 50% is warehouse storage space at $1,400/month
Expand client base in commercial & industrial space, add maintenance/service contracts
Other non-compete opportunities
Purchase Price: $3,450,000
12.5% Buyer Down Payment $431,250
12.5% Seller Financing or Equity $431,250
75% Bank Loan $2,587,500
A 12.5% down payment of $431,250 returns $389,995 in the first year after debt payments!
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