Solar Panel Sales and Installation- $20M+ Revenue in 36 Mo. Possible
Just $590K Cash Down with SBA Financing.
(Seller's Discretionary Earnings)
included in asking price
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Solar Panel Installer. 5 Yelp Stars. Just 12 employees simple and easy to manage. Can grow to $20 Million + Revenues by adding 1 Inside Salesperson (and some support staff) per month. This successful 4 year business benefits from the heavy demand and abundant consumer financing for solar energy installations. Abundant third party finance companies help create an easy sale where the new solar installation pays for itself out of the monthly energy bill savings. The business is full-paid by the third party financing company upon completion of the installation.
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Eliminating labor cost overruns and worker comp issues, all installation work is performed by a vetted and capable group of multiple licensed outside contractors. In-house employees total about 12 with most in sales and planning roles. As a result of strong industry demand combined with simple business model the business is easy to grow. Business Plan to grow to 20+ Million Revenue in 36 months included with business summary.
If the buyer can qualify for SBA acquisition Financing with SBA loan with 20% Down Payment ($590,000) the annual payment on a loan of $2,360,000 with 10 year amortization and 6.75% interest would be $325,000 / year. Assuming the Discretionary Income of $1,100,000 annually less Debt Service of $325,000 would leave the buyer with $774,000 Cash Flow after Debt Service, a 131% first year cash on cash return on down payment.
After returned NDA, we then can provide full 13+ page Business Summary with 3 year P&Ls and Business Plan that will answer 90% of your questions.
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