Solar Energy: Industry set to continue rapid growth

This Solar energy consultant company evaluates the end-users needs and provides the solar power equipment, then sub-contracts installation teams for a seamless installation experience, allowing them to maintain a profit margin over 20% year over year. The current owner is looking to phase out over a 1–3-year transition period and is willing to roll equity of 15%, plus offer a 10% promissory note! This renewable energy-based business already had $3M of signed contracts within their first quarter which make up roughly 25% of their total income for the year, with most of their contracts being finalized in the last quarter of the year! The current team includes 6 core employees: 1 project manager, 1 project coordinator/client liaison, 2 business development associates, 1 sales manager, and 1 outside sales rep. They currently operate in Missouri, Iowa, Kansas, and Illinois with the potential for regional expansion with emphasis on municipal contracts. Due to the business model that they implemented, they can work with commercial businesses, industrial municipalities, agricultural farms, nonprofit organizations, and schools. The size of this team and installation strategy have helped keep the overhead costs low by allowing them to operate out of a modest 4,200 square foot office space with very minimal equipment CapEx. Thanks to their skilled team, this company has no trouble finding new commercial clients. In August of 2022, the Senate passed a bill that would provide major tax credits for renewable energy which would directly benefit the new owner. Additionally, the continued push for green energy will call for organic growth in this industry. Priced at $7,900,000 this business has a great outlook when It comes to scalability as well as vertical growth!