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Details - Information last confirmed on March 9, 2021
This thriving business is the “concierge” for energy savings solutions.
The company uses proprietary formulas and processes to identify, solicit, and acquire the most likely prospective customers for residential solar installations. The company conducts free “no-obligation,” individualized home energy assessments, including an analysis of historical and current electricity usage cost. They identify various federal, state, local, and private programs that may underwrite most or all the cost of solar power equipment and installation. They then recommend a cost-saving course of action and refer homeowners to the appropriate solar equipment contractor to help lower utility costs.
They have already saved California residents many millions of dollars on their utility bills in a “green”, eco-friendly manner.
The company refers to homeowners as “customers” even though the company paid commissions by solar equipment partner contractors. They operate with non-exclusive supplier contracts. While currently they are primarily using the installation services of one major provider, they are free to add as many more as they may choose.
This business can expand beyond the Bay Area to most of California and to other states with favorable solar conditions and policies.
Normalized for one owner-manager, the business generated seller’s discretionary earnings (“SDE”) of $614,000 on gross sales of $861,000. Revenues and net cash are expanding every month with 2021 expected to reach SDE well above $1,000,000.
The staff is comprised of five employees including the owner. Additional staff is being recruited and trained in the company’s proprietary methods and practices. Staff is able to work remotely, making employment that much more attractive in the post-Covid economy.
The transaction will be for the entire business. Some seller financing may be available for a qualified buyer. We are looking for expressions of interest from buyers able to make and fund a multi-million dollar offer. Included are all intellectual property, contractual relationships, proprietary formulas and procedures, personnel, and sufficient training and transition time to allow for the smooth transfer to new ownership. The buyer may acquire the business as an asset purchase or as a purchase of corporate ownership at the buyer’s discretion and option.
Detailed financial information and documentation, and the identity and location of the business will be disclosed only upon submission of a signed non-disclosure agreement (“NDA”) and a preliminary discussion with the broker.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.