Asking Price
$2,795,000
SDE
$733,662

Industry

Electrical and Mechanical

Gross Revenue
Location

$4,317,619
Washington County, RI

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.

Financial information is calculated for a 3-year average!

Detailed Information
Internal ID
1751

Financing Notes
It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment

Inventory
$150,000

Inventory Included
Yes

Additional Information
Reason for Selling

Concentrate on other ventures

Support & Training

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

Growth & Expansion

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.

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Leading Electrical Contractor Specializing in Residential Solar Sales and Installation
Asking Price
$2,795,000

SDE
$733,662

Industry

Electrical and Mechanical

Gross Rev.
Location

$4,317,619
Washington County, RI

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.

Financial information is calculated for a 3-year average!

Detailed Information
Internal ID: 1751

Financing Notes: It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment

Inventory: $150,000

Inventory Included: Yes

Additional Information
Reason for Selling

Concentrate on other ventures

Support & Training

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

Growth & Expansion

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.



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