MergerPlace

GROWING SOLAR COMPANY FOR SALE

New York (Putnam)


  • Asking Price: $1,900,000
  • Gross Income: $5,266,117
  • Cash Flow: $466,679
  • Real Estate: Not Disclosed
  • Inventory: $518,036
  • FF&E: $126,850
  • Listing ID: #227080
  • Established: 2003
  • Employees: 24

Business Description

One of Con Ed Region / Lower Hudson Valley’s largest growing privately-owned solar companies; including sales, design, installation, and maintenance of Residential, Commercial, and Community Solar PV & battery systems.

Servicing Westchester, Rockland, Orange, Putnam, Dutchess and Ulster Counties, Long Island and the State of Connecticut.

This company is a full-service solar integrator selling, designing and installing state-of-the-art solar electric systems using the best quality equipment and a highly trained staff of experts. They handle all the planning and installation, paperwork and permitting, installation work and interconnection in a professional manner using best practices.

This company participates in “Solarize Buying Programs” and was chosen as the “official” installer by a number of local towns and communities. This program offers unique discount programs to both residential and commercial clients which dramatically reduces the cost of solar while assuring quality installations.

Company has a nice mix of both commercial and residential clients and offers an attractive $0 down financing option.

Company maintains all required certifications and insurances including NYSERDA Solar Installer, NABCEF Certified Installer and is a LEED Platinum residential solar provider.

Historical Summary:
This award winning company was established in 2009 and continues to grow every year.

With the transition underway to convert to solar along with the local, state and federal incentives there is significant opportunity to grow the business and expand cash flow.

Listing Details:
Total Sales: $5,266,117
Owners Cash Flow: $466,679
Listed Price: $1,900,000
FF&E: $126,850
FF&E Included (Y/N): Yes
Inventory: $518,036
Inventory Included in Listing Price (Y/N): No
Seller Financing (Y/N): Yes
Form of Ownership: LLC
Reason for Sale: Seller is Retiring
Support & Training: Complete Support & Training Will Be Provided

Operations:
Year Established: 2009
Form of Ownership: LLC
Day & Hours of Operation: M-F
Owner Hours: 40
Employees: 18
Managers: 5
Absentee Owner (Y/N): N

Location:
Security on Lease: $8,340
Lease Option: Yes
Lease Expiration: 2025
Monthly Rent: $4,170
Square Footage: 2,217’
Type of Location: 1,317’ Office Space, 250’ Shop Space and 650’ of Exterior Storage.
Relocatable (Y/N): No
Type of Location: Commercial building with only 4 tenants.


Business Details

Primary Business Category: Construction - Building, Developing
Location: New York
County: Putnam

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 24

Financial Information

Asking Price: $1,900,000
Gross Revenue: $5,266,117
Cash Flow: $466,679
FF&E: $126,850
Inventory: $518,036
Seller Financing Available: Yes

Contact Business Seller

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Business Listed By:

Tom Bailey

Chapp Associates