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Leading Electrical Contractor Specializing in Residential Solar Sales and Installation
Listing
1751
Back to Market
Rhode Island
Revenue
3- year average: $4,317,619
Cash Flow
3-year average: $733,662
Asking Price
$2,795,000
Asking price details
Includes inventory estimated at $150,000
Business Description

Available for sale is a busy and growing electrical contractor focused on designing and installing efficient and aesthetically pleasing residential and small commercial solar photovoltaic (PV), battery energy storage, and related systems. The company is consistently ranked by the state’s independent inspectors to have the highest installation quality and is a recognized solar energy leader locally.

Demand for the company’s services has led to record growth over the past 5 years, and the company is on pace for continued growth in 2024. While the owner is involved in the management of the business, he has a strong team in place running the day-to-day operations including fully licensed Master Electricians who are planning to stay on board after an acquisition.

This is an excellent opportunity to acquire a well-established company with an outstanding reputation, built on a scalable sales and installation foundation with extensive experience in a high growth industry. The owner is prepared to provide significant training and support to help set the new owner up for success.

Growth Expansion and Opportunities

The 2022 Inflation Reduction Act allows for an expanded 30% federal tax credit to offset the cost of installing solar and battery systems through 2032. With no dollar limit to these expenses, this is a powerful incentive to customers, and the company has seen a dramatic increase in residential solar demand. The solar industry is a highly popular and resilient industry that continues to break previous records and outperforms most growth forecasts. The industry has continued double digit growth every year despite recession, disasters, and a pandemic.
Support & Training

The seller will provide training and support to ensure a smooth transition

Reason Selling
Concentrate on other ventures
Terms
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.
Broker

Sarah Grossman, CBI

Confidentiality Agreement: Download, fill it in and return it to us via email or fax to get the identity and full report about the business
  • Leading Electrical Contractor Specializing in Residential Solar Sales and Installation

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