Quick Business Sale – a fine opportunity to own a very profitable and a fully licensed solar business in Colombo. Current management taking up another assignment overseas hence this business is being offered for a quick sale.

Since 2002 for the past 4 years this business executed supply contracts received from Sri Lanka’s prominent conglomerates. This business which is being offered for sale is fully licensed by the apex government body of Sri Lanka, SLSEA. Hence, the management to take over, will be fully licensed and authorized to supply, distribute and install solar PV / renewable energy solutions in Sri Lanka of any commercial and financial magnitude free of any restrictions.

The sale offer includes the following :
• Renewable Energy license from the SLSEA Sri Lanka (which will be transferred to the beneficial ownership of the taking over management along with full legal rights in the company against which this license has been issued.) The SLSEA has now implemented strict measures for issuing any new licenses to aspiring entrepreneurs. Hence, the license which has been already issued to this business will provide the highest range of privileges to the new ownership of the business.

• Ready to install, a brand new stock of on grid and off grid solar components valued at a pre-install purchase / import value of Rs 10 Mill. Upon installation, this value will increase to% based on market pricing.

• An air conditioned office space with unlimited utilities (electricity and water) and free rental upto one year in a prime locality in Nawala Road, Colombo 5.

• Trained administrative and technical staff competent in assisting the new management in general business related issues, coordinate with governmental entities etc., for arranging and finalizing licensing renewal tasks onto completion and handling of technical issues related to installation of PV solar and renewable energy systems for commercial deployment.

This business is uniquely positioned in terms of the following:
1. Zero, NIL debt or loans / zero, NIL encumbrances / zero, NIL legal or any other issues of commitment.

2. The company staff is not on a fixed pay roll – they are being remunerated on a piece meal / project, assignment basis. Hence, there is no on going commitment in terms of workforce payments to the new management.

3. This business is an appointed authorized agent of Sofar Solar brand in China. –Manufacturers of premium solar PV and renewable energy products with an international presence. The business offered for sale will be entitled to purchase Sofar Solar products at exclusive pricing with preferential warranty and after sales services due to its appointment as an authorized agent in Sri Lanka.

Average annual turnover Rs 30 Mill to 100Mil – through sales done without any advertising.

Open to Sri Lankan and foreign buyers (can benefit from long term immigration visa in Sri Lanka)