Commercial Lighting Retrofits using Utility Company Incentive Programs
Business Description
This Company is a niche lighting retrofit provider for commercial, institutional and industrial facilities. The company’s core focus is delivering turnkey energy-efficiency lighting upgrades that materially reduce operating costs while maximizing available state-government sponsored utility incentives that minimize the upgrade cost to the customer. Approximately 75-85% of revenues are generated by LED Lighting Retrofits, approximately 15-25% of revenues are generated by the installation of Lighting Controls and Networked Control Systems. The Company's lighting solutions are optimized not only for performance and longevity, but also for eligibility under utility incentive programs. This allows the Company to offset a substantial portion of the project cost through rebates and grants, often reducing customer out-of-pocket expenses by 40–80%. The Company differentiates itself through a combination of deep technical expertise, in-house electrical labor, and sophisticated knowledge of utility rebate and incentive programs. This integrated approach allows the company to consistently deliver highly competitive proposals, achieve above-industry close rates, and strong profit margins.
The Company historically enjoyed revenues in the $3M range. However, with the addition of several new multi-year exclusive contract with area utilities, as well as other new contracts, in 2025 revenues grew to just under $6 million. With more new contracts in hand in 2026 and additional sales people hired, revenues are expected to exceed $7 million in 2026. Adjusted EBIDTA in 2025 was $1.76 million, and is projected to be $2.2 million in 2026.
The Company historically enjoyed revenues in the $3M range. However, with the addition of several new multi-year exclusive contract with area utilities, as well as other new contracts, in 2025 revenues grew to just under $6 million. With more new contracts in hand in 2026 and additional sales people hired, revenues are expected to exceed $7 million in 2026. Adjusted EBIDTA in 2025 was $1.76 million, and is projected to be $2.2 million in 2026.
About the Business
- Years in Operation
- 18
- Employees
- 28 (26 Full-time, 2 Part-time)
- Facilities & Assets
- All equipment needed for the operation will transfer, as well as proprietary software that streamlines estimating, proposals, logistics, ordering, contract generation, etc. The company's leased facility is sufficient for its current business and can accommodate expansion. The real estate lease ends soon, but has an option to extend.
- Market Outlook / Competition
- The market for utility company sponsored lighting efficiency retrofits has expanded in the this company's market, with more utilities offering high-incentive programs. This company is uniquely situated to take advantage of these advantageous conditions. The company differentiates itself through a combination of deep technical expertise, in-house electrical labor, and sophisticated knowledge of utility rebate and incentive programs. This integrated approach allows the company to consistently deliver highly competitive proposals, achieve above-industry close rates, and strong profit margins.
- Opportunities for Growth
- The company recently added several people to its sales team to better exploit the contracts it has with area electrical utilities to deliver lighting retrofit projects. Additionally, it recently captured two new exclusive or semi-exclusive contracts that will add very significant new markets and revenues to an already-growing utility and user base.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Retirement.
- Transition Support
- Founder will stay on during a transition to help train and familiarize buyer with all aspects of the operation. Additionally, key personnel who will stay on have deep institutional knowledge.
Listing Info
- ID
- 2513003
- Listing Views
Listing ID: 2513003 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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