Leader in Booming Energy Industry
Launched 20 years ago, this company is a leader in the booming alternative energy industry. The business sells, maintains, and services the equipment to both residential and commercial clients in Northern Indiana. Many clients are on yearly maintenance contracts and there is no customer concentration.
Revenue is increasing quickly: 2018 - $1,850,000 / 2019 - $2,900,000 / 2020 - $3,650,000 / and projected 2021 - $4,500,000. All factors point to this market and this company to continue to grow quickly.
The business has many long-term employees that allow the owner to focus on growing the business. Full-time employees enjoy paid healthcare, holidays, and paid vacations. The business has invested in new equipment in the last couple of years, so maintenance capex is projected to be low in the future. The buyer will need to replace or hire a master electrician. The current owner will stay on as a consultant.
The seller will ensure full training and complete transition support.
The seller owns the facilities and will lease to a buyer.
This business will qualify for an SBA loan with approximately 15% down payment.