California Solar Business

Asking Price:

$15,000,000

Financial Overview

Revenue:
$6,000,000
Income:
$2,000,000
Multiple:
7.5x

Business Description

For sale is a group of entities in the solar industry, based in California. Family owned and operated, the owner is open to an investment partner to grow all of the companies, or selling the main company by itself (just the residential solar business). He has an extensive vision for the company to take it much further – with batteries, construction material delivery, and more. They are on track to double their 2020 volume, and currently bidding on multi megawatt projects that are expected to win.

Business 1 – Residential solar business

Business 2 – Commercial, battery, and AC/DC material sales. This will become the main entity.

Business 3 – Retail material sales & distribution company. Had a soft launch with great feedback. This will be growing a contractor branch network to sell materials to their own branches, other contractors, and the DIY market (solar kits, modules inverters, batteries, etc).

Business 4 – ERP system that can be licensed to other service companies using contractors (not launched yet)

Business 5 – Parts delivery business, similar to UberEats delivery but for construction material delivery (not launched yet)

Business 6 – Battery similar to Tesla’s PowerWall. But at 50% of the price. (Not launched yet – prototype coming any day now)

The owner runs the company and his son is the construction manager and has been there for 7 years. One daughter runs HR and the other runs accounting. 

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