Looking to Solar Energy
Solar businesses are one of the most expensive businesses on sale, yet they are a new renewable energy source that is clean and nonpolluting. It is a certain sector of the business that has grown rapidly over the years in the U.S, as it doesn’t burn fossil fuel. Many entrepreneurs are looking for sustainable options for the environment, such as solar panels.
According to Energy Matters, “Many forms do not emit any greenhouse gases or toxic waste in the process of producing electricity. It is a sustainable energy source that is reliable for the long-term. Renewable energy is cost-effective and efficient. The challenge of climate change compels many nations to set a renewable energy target.”
On online marketplaces such as BizBuySell, a solar design and installation company can sell for as high as $9,250,000, with gross revenue of $8,000,308 and an inventory of $30,000. BizBuySell has described on the website, “With a 36% profit margin and $6.2MM in the pipeline, this solar design & installation business in the Midwest is ready for growth and expansion!” The company is in Clay County and has been running since 2011.
Another solar company is worth $5,500,000 and is known to have ‘2019 sales exceeded $13 million with earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.534 million+ for the owner.’ It is located in South Florida, and its gross revenue is $13,740,820.
The lowest value for a solar company is $50,000, which can be affordable and does not have an annual revenue published online. The company is called Solar Screens and “assembles and installs solar screens on all types and sizes of windows including arched and angled windows.”
According to MarketWatch, the “Global Solar Panel Recycling Market was valued at USD 77.96 Million in the year 2017. The Global Solar Panel Recycling Market is further estimated to grow at a CAGR of 27.03% from 2018 to reach USD 528.85 Million by the year 2025.”
However, for business sellers who need a push in an uncertain economy, business brokers are the way to go for that professional assistance. Business brokers will make the complex process of selling a business seem easy and stress-free. This means that solar businesses that are trying to sell online can get that extra assistance from brokers.
Chad Peterson of Peterson Acquisitions is one of the biggest business brokers in the industry and has worked with businesses that have generated between $1 million to $100 million in revenue. Chad and his team have always brought a 90% closing rate, whereas the national average between business brokers is between 11% to 25%.
Another business that has brought in $5 million to $250 million annually as revenue is Woodbridge Works. The business brokers have been operating for over 25 years, with 21 office locations internationally and throughout the U.S.
Allan Taylor of Allan Taylor Co. has previously written in financial blog articles for The New York Times, and the company’s brokerage work has been featured on CBS Moneywatch, The New York Times, The Huffington Post, Inc. Magazine and Fox Business.
When it comes to business brokers having the highest closing ratio for over 25 years, Murphy for Murphy Business & Financial Corporation are crowned as a business. They have over 36 offices in the US.
Another long-established company is Sunbelt Business Brokers, which has been in business since 1978 and helps businesses with revenues between $500,000 and $50 million.
Since our planet needs companies that are eco friendly and sustainable, it’s no surprise why solar businesses are being sold for such a high price.
It is the new niche on the market, even though it has been around for many years, but not people are focusing on solar panel businesses since it is a long term trend that will stick around for a very long time. That is why sellers are advised to get professional help to sell their solar businesses because of the high price that they are selling it for.
About the Author
Mariliana has an MSC in consumer analytics and business strategy. She has a special interest in fast-moving industries and big data.