Solar Panel Cleaning Business

Orange, CA (Orange County)

Commercial Cleaning
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Asking Price: $31,445

Cash Flow: $15,350

Gross Revenue: $21,800

EBITDA: N/A

FF&E: $8,420

Inventory: N/A

Established: N/A

Solar Panel Cleaning Business

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Business Description

Niche, Recurring Maintenance Business in a Quickly Growing Industry

Solar panel cleaning company for sale. Work is seasonal and part-time at this point. Very simple, easy to run business with a lot of upside in a new, niche industry. Perfect for someone looking to supplement their income (retired fireman or cop) or someone wanting to grow a really interesting business. Business is valued at 1.5x cash flows plus value of tangible assets. 1.5*($15,350) + $8420 = $31,445

The State Government of California passed a new mandate requiring all new residential construction to have solar starting in 2020, which will help bolster the solar industry's overall growth in CA, including solar panel cleaning services.

Business:
Cleaning solar panels makes them more efficient and produce more energy. Business owners, energy/solar companies, and homeowners have started hiring companies to come and clean their panels in the past few years. Given how new the industry is, there are not many companies competing in the solar panel cleaning space currently - particularly for large commercial solar installations. Company usually only has 0 or 1 other companies competing on commercial cleaning bids.

Financial:
Company has $21,800 in approved work its first year in business. $18,000 in commercial/government work, $3800 in residential (including some gutter cleaning). Costs are low: gas to and from jobs, occasional equipment rental (estimated $2000), DI water costs ($50/month), insurance ($3000), and website hosting cost. Given low costs, the owner takes home most of the sales as profit.

Intangible Assets:
-List comprising of 520 commercial properties that have solar throughout SoCal. Includes contact information, # panels, address, and notes about each property
-List comprising of 296 solar companies throughout CA, including some national companies. These companies have sites they manage or can refer you work. Includes contact information, # panels, address, and notes about each property.
-Website (www.mikessolarcleaning.com)
-Yelp page generating 20+ residential leads/month for free
-Established HomeAdvisor page with six 5-star reviews that can be turned on to generate gutter cleaning leads

Avenues for Growth:
-Business will grow naturally as the solar market expands and also with word of mouth.
-Potential for residential solar cleaning market in SoCal is substantial, which owner did not focus on.
-Calling contact list of commercial properties with solar panels.
-Increase effort into Gutter Cleaning Segment, particularly with HOA's who contract out hundreds of houses at a time.
-Additional services: owner gets 10+ requests/month for window cleaning (in season), which he does not currently service. Other options are roof cleaning & X-mas light installation.

Detailed Information

Location:
Orange, CA
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Tangible Assets: Sola-Tecs automatic rotating Solar Cleaning brush designed to clean solar panels - built in Germany; 8 modular poles (each pole = length of a solar panel); 1 telescoping pole; Roughly 400 feet of pressure washer hose; 200 feet of garden hose; Pressure washer: Honda GX200 2500PSI 3.0GPM; 24’ Ladder; Extra valves and quick connectors; Safety Harness (Home Based)
Competition:
Great timing to get into the solar industry in CA because of a new mandate by the State that forces all new homes in CA to have solar starting in 2020. The solar installation business is quite competitive, but there are very few companies that focus on cleaning solar panels in the entire state. In the greater LA/OC/IE area, tens of thousands of homes and thousands of commercial sites have solar. Have had commercial clients thanking owner for calling them since they couldn't find a solar panel cleaning company themselves.
Growth & Expansion:
Business will naturally grow with the expansion of solar within the state. The new owner has multiple options on reaching new customers, including the contact list created by current owner and continuing to utilize established online presence. Additionally, the new owner can start performing other related services - such as window cleaning and Christmas light installation.
Support & Training:
Reasonable training period provided to help new owner learn how to use equipment and how to utilize marketing tools.
Reason for Selling:
Owner has other investments & can't find the time to work in & grow the business
Home-Based:
This business is Home-Based
Business Website:
http://mikessolarcleaning.com
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Business Listed By:
Connor Loftus

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