Business for Sale

Solar Electric Installation Firm

BizEx745-CK

Background

General Location:Los Angeles, CA
Category: Engineering
Special Trades
Years in Business:3
Under Present Owner:3
Hours of Operation:6:30a-6p
Owner Hours:7a-4p
Training:8 weeks @ 20 hours
Organization Type:
Lease Expiration:2020
Lease Options:
Building Size:8,000
Employees:62
Reason for Sale:Other business interests

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:$20,253,072
Discretionary Cash Flow:$3,429,794
FF&E:$453,000
Inventory Included?Yes
Inventory:$560,000
Min. Operating Capital:$1,100,000
Real Estate Available?No
Rent:$11,000
Payroll:$180
Financing:Call

2015 2016 6/2017
Gross Sales $ 13,766,466 $ 20,253,072 $ 11,261,624
Gross Profit $ 7,400,012 $ 11,367,018 $ 7,157,664
Disc. Earnings $ 2,663,381 $ 3,429,794 $ 1,882,209

Description

Extremely well-run and very profitable solar electric installation firm primarily in residential installations ready for new owner to take it to the next level. Books and records are spotless with almost no add backs or accounting confusion. The Federal Investment Tax Credit of 30% has been extended to 2022, providing a good runway for continued profits while system costs continue to fall.

Low prices with high quality service and deliverables have put this company at the top of the pack in the largest solar electric market in North America. American made components and a lean, agile marketing division come together for a winning combination that has made the firm the go-to solar installation company in Southern California.

The company is beating the competition in the race to become the best solar company in the USA. Only 7% rooftop penetration in SoCal currently. Business is accelerating and the company has recently begun advertising for the first time rather than rely on organic growth.

Customer reviews have been uniformly five star and referral business accounts for over 90% of sales. Customer satisfaction is exceptionally high and word of mouth drives additional revenue at a very high rate.

Seller will remain with the business to work with new management team. Discretionary earnings listed have been converted to EBITDA.

Highly confidential in nature. Interested parties should register at www.bizex.net and contact Cody King at 310.882.2200 ext 134 or e-mail cking@bizex.net for more information.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Cody King, CBI
Business Broker
4551 Glencoe Ave., Suite 210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 134
Direct: (805) 616-9488
Lic#: 01942507