Established
2016
Franchise Units
12
Minimum Investment
$89,850
Franchise Fee
$45,000
Total Investment Range
$158,750
Home Based
No
Description
Astrawatt Solar is a rapidly expanding solar energy company that offers a unique franchise opportunity for entrepreneurs looking to invest in the renewable energy sector. Established in 2016, Astrawatt Solar has quickly become one of the fastest-growing solar companies in the United States. The company is committed to providing homeowners with reliable and efficient solar energy solutions, aiming to make solar energy accessible to everyone.
With a focus on customer education and a no-pressure sales approach, Astrawatt Solar has built a strong reputation in the industry. The company's mission is to deliver a better solar experience, starting with their educational approach to solar energy. This commitment to customer satisfaction has led to rapid growth and a strong presence in the U.S. market.
Why Invest in this Franchise?
Investing in an Astrawatt Solar franchise offers numerous benefits:
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Growing Industry: The solar energy market is expanding rapidly, driven by increasing demand for renewable energy solutions and supportive government incentives.
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Proven Business Model: Astrawatt Solar's established systems and processes provide franchisees with a clear path to success.
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Comprehensive Support: Franchisees receive extensive training and ongoing support to help them succeed.
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Strong Brand Reputation: Astrawatt Solar's commitment to customer satisfaction and quality service has earned it a strong reputation in the industry.
Background
- Established Year: 2016
- Franchising since: 2022
- Founders: Keith Murphy and Tyler Tucker
- Headquarters: Kansas City, Missouri
- Current Active Units: 12
- Industry Category: Renewable Energy / Home Services
- Brand Journey: Originally founded as RisingSun Solar, the company evolved into Astrawatt Solar to reflect its high-tech, customer-centric mission. It quickly earned accolades, ranking as one of the fastest-growing energy companies in the U.S. Today, it operates as an award-winning entity with a massive presence in states like Texas, Florida, Missouri, and North Carolina.
Support Training
Astrawatt Solar offers comprehensive support and training to its franchisees:
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Pre-Launch Training: Includes initial training on operations, sales, and marketing to ensure franchisees are well-prepared to launch their business.
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Operational Support: Ongoing assistance with day-to-day operations, including guidance on managing installations and customer service.
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Marketing Support: Access to marketing materials and strategies to help franchisees attract and retain customers.
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Academic Support: Educational resources to keep franchisees and their teams informed about the latest developments in solar technology and industry best practices.
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Ongoing Support: Continuous support to help franchisees grow their business and overcome challenges.
Ideal Candidate
Astrawatt is looking for leaders and community pillars. The ideal candidate typically fits the following:
The Growth-Minded Professional: You don't need to be an electrician, but you must be a strong manager. Backgrounds in sales management, construction, or executive leadership are highly valued.
Customer-Centric Values: Since the brand thrives on reviews and referrals, the franchisee must be committed to the "non-aggressive" sales approach and high-quality craftsmanship.
Financial Capability: Investors should have a minimum of $60,000 in liquid capital and the ability to manage a total investment that fits within the franchise disclosure guidelines.
Community Focused: Successful owners are often those who want to be the "local solar expert" in their territory, building long-term relationships with homeowners and local businesses.
Location Preference: Availability is currently open in various high-sun and high-utility-rate areas across the United States.
Financial Detail
- Initial Franchise Fee: $45,000
- Initial Investment: $89,850 to $158,750
- Net Worth Requirement: $75,000
- Cash Requirement: $60,000 to $600,000
- Royalty Fee: 5%
- Ad Royalty Fee: 1%
- Term of Agreement: 10 years
- Franchise Renewal: Yes