Established more than 15 years ago, this Spanish company has built a strong reputation through referrals, organic online presence, and partnerships with local real estate and property management companies.
The company specializes in designing, supplying, installing, and maintaining renewable energy systems for homes and small businesses including solar electricity, energy storage, air-source technology, electric car chargers, and biomass heating systems. Its tailored all-inclusive solutions cater specifically to the high net-worth Northern European and other expat markets resident in Spain, offering a customizable, comprehensive service and client education throughout the process. The company does not employ a paid marketing strategy.
Revenue for Q1 2024 is approximately $494,000 (ending March 31st) and the company forecasts full-year net revenue up to $2,700,000.
The team has grown significantly in recent years. The business started with a core team of 4 and has supplemented it with a network of freelance installers and partnerships with installation companies. This flexible approach allows it to scale the workforce to meet demand.
The owners are amenable to staying on for a transition period of up to 3 years. They have identified the following expansion plans:
Market Saturation Potential: The company has identified eight new regions in Spain with high replication potential for its successful model and a dedicated Business Development Manager is now on board to develop a comprehensive roll-out plan for these regions, ultimately covering the entire Iberian Peninsula and Islands.
New Market Entry and Product Expansion: Portugal and Andorra, with their emerging renewable energy sectors and the company’s established contacts, present exciting growth opportunities. The plan is to replicate the Spanish business model, while also expanding the product range to include industrial-scale energy storage systems.
Inventory: $199,000(Included in Price)
