Solar Energy Company With High Backlog

Founded in 2008 and headquartered in downtown Springfield, Illinois, this well-established renewable energy company provides end-to-end solutions including consultation, site assessments, system design, project management, product procurement, and ongoing energy management. The business serves a balanced and diverse customer base, with approximately 50% residential clients, 25% small businesses, and 25% agricultural producers, along with experience serving non-profits and municipal organizations. They have experienced 3 years of growth in cash flow and maintain a strong 37% profit margin. Operating from a leased office suite with three private offices, the company is supported by a full-time project coordinator and a part-time diagnostic technician. The current owner is actively involved in daily operations, overseeing sales, administration, and strategic direction, and is now preparing for retirement. To ensure a smooth transition, the seller is willing to remain involved for 1 year post-close and has offered to stay on in a consulting role thereafter. Additionally, the seller is offering to carry 10% of the purchase price and a 10% promissory note, demonstrating strong confidence in the company’s future. With a purchase price of $1,200,000 and a low multiple of 1.9, this business is poised and ready for a new owner to step in and continue the operations. Significant growth opportunities exist through geographic expansion, adding installation crews, and bringing on dedicated outside sales talent.