A Profitable And Well Established Solar Power Business For Sale
Business Description:
Established in 1997 this business is an established business that operates in the solar power market sector.
This business prides itself in delivering excellence and creating value for their clients.
Located in Port Elizabeth with a national business footprint, this business has positioned themselves with various industry leaders in Solar Power to ensure that their customers receive excellent service and Solar Power systems that create value and deliver maximum financial returns in the future.
The business’s client base includes private companies, hospitals, municipalities and schools.
The new owner has the option of an outright purchase of the business however the Seller is prepared to offer terms to the right buyer.
The Seller will stay on as a consultant for the new owner to ensure that the new owner receives a complete handover and is familiar with all operations of this business.
Forecasted turnover for 2025 is expected to be around R12 million.
Owner drawings are generous, and the new owner can expect the same sort of earnings from the business.
The Installation of the Solar is subcontracted to a team that has been doing the installations for the business for the past 7 years and is thus highly experienced.
In addition to the physical installation the same team also provides servicing functions to the installed Solar panels of this business’s clients.
Profitable, Established and offering a decent ROI this business is perfect for that person who is seeking a long-term viable business.
Annual Turnover:
R9 111 704 (Fin 2024) with +- 12 000 000 forecasted for 2025
Operating Net Profit (EBITDA):
+- R970 651 (Fin 2024)
ROI:
+-33%
Asset Value:
R900 000 (Included in the asking price).
Current Stock on hand:
+- R300 000 (Excluded from the Asking Price)
Rental per year:
+-R 110 039 (+- R9 200 per month)
Vat registered:
Yes
Growth Potential:
Growth prospects include Expanding the service area beyond the Eastern Cape to other coastal regions. Introducing additional roofing products or related services that could expand the customer base.
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
Business Type
Solar Panel Business
Asking Price
R3 000 000 (Terms are available for the right buyer)
PROVINCE
CITY
Port Elizabeth
Premises:
Leased with option to renew (Landlord approval may be required of the new owner)
Trading Hours:
Mon to Fri: 08h00 to 17h00 Sat & Sun: Closed
Staff Compliment:
3 x employees (including the Seller)
Buyer Profile:
This business will suit husband-and-wife team / family or another similar type of business that is looking to expand their current business footprint or a person / entrepreneur who is looking for an established and profitable business.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Retirement.