No photo available
Details - Information last confirmed on October 5, 2020
SBA Pre-Qualified with reliable lender! The business was founded in 2011 where they focused primarily on landscape lighting. As business evolved, the growing need for commercial properties to convert from traditional lighting to energy efficient and responsible LED lighting, the owner began transitioning the business to commercial and industry retrofits. By 2015, they were doing 100% commercial lighting. With focused marketing the business has averaged over 26% revenue growth since 2016, and 64% growth in profit. With the addition of a full time account manager in the Dallas/Fort Worth area in late 2018, 2019 experienced a 56% increase in revenues and 108% increase in profits. Through pipeline tracking (using [ external link ]) 2020 was forecasted to hit $3M in revenues, with SDE expected in the range of $500k+. Although they remained operational all of 2020, COVID caused some project delays and supply chain challenges earlier in the year, but business still had excellent results and is very recession resistant. 2020 ended with over $300k SDE, and 2021 is expected to meet original targets forecasted for 2020.
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.