Linn County, IA
$510,000
Linn County, IA
$510,000
Columbus, OH
$255,000
Provo, SC
$250,000
Florida
$15,000,000
Killeen, CO
$255,000
Washington County, AR
$600,000
Fayette County, PA
$2,695,000
Benton County, WA
$749,000
Pinellas County, FL
$1,250,000
Miami, FL
$350,000
Cuyahoga County, OH
$490,000
Tulsa, FL
$100,000
Chicago, IL
Cash Flow: $421,166
$2,000,000
Brooklyn, NY
Phoenix, AZ
$729,000
Charleston County, SC
$3,950,000
Edward Sadler
Sunbelt Network
Serving Denver County, CO
Sunbelt Business Brokers of Colorado - Owner, Partner, and Broker
Miami-Dade County, FL
$950,000
Charlotte, NC
$1,799,000
Orange County, FL
$75,000
REAL ESTATE INCLUDED
Missouri
$2,100,000
Austin, TX
Cash Flow: $214,000
Iowa Park, TX
$475,000
New York
$2,990,000
Riverside County, CA
Cash Flow: $615,000
$10,000,000
Las Vegas, NV
Virginia
$400,000
Washington County, UT
$425,000
REAL ESTATE INCLUDED
Texas
$1,100,000
Reno, NV
$850,000
Mecklenburg County, NC
$398,000
Northridge, CA
$725,000
Martin County, FL
$299,000
Georgia
$2,600,000
Augusta, ME
$903,000
Bradenton, FL
$250,000
San Antonio, TX
$25,000
REAL ESTATE INCLUDED
South Bend, IN
$1,075,000
Texas
$740,000
Pinellas County, FL
$495,000
Richmond, VA
$6,400,000
Contra Costa County, CA
$800,000
REAL ESTATE INCLUDED
Green Bay, WI
$950,000
Tulsa, OK
$224,900
Rich Krinks
Berkshire Hathaway Drysdale Properties
Serving Alameda County, CA
San Francisco, OK
$249,900
Palm Harbor, FL
$395,000
Rhode Island
$4,500,000
Atlanta, GA
$200,000
Maricopa County, AZ
$1,895,000
Jacksonville, FL
$260,000
Louisville, KY
$750,000
Kansas
$1,995,000
REAL ESTATE INCLUDED
Coos County, NH
$1,300,000
The HVAC (Heating, Ventilation, and Air Conditioning) industry plays a critical role in maintaining comfort, health, and safety within residential, commercial, and industrial spaces. This sector encompasses the design, installation, maintenance, and repair of systems that regulate indoor environmental conditions.
The HVAC industry has experienced significant growth over recent decades, driven by rising construction activities, urbanization, and increasing awareness of energy efficiency.
If you are considering buying or selling an HVAC business, it is important to understand how these businesses are valued and how they typically perform financially. To provide some context, we have aggregated HVAC business for sale listings to surface average revenue and profit and derive valuation multiples.
Market Overview
Number of Businesses Analyzed |
361 |
Median Asking Price |
$649,950 |
Median Reported Revenue |
$1,035,546 |
Median Reported Earnings |
$232,307 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
HVAC Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.38 |
1.82 |
Median |
0.62 |
2.80 |
Upper Quartile |
0.90 |
3.76 |
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
Read the Report:
HVAC Business Valuation: Multiples & Financial Benchmarks
FAQs
How much does it cost to buy an HVAC business?
Prices vary depending on the size of the business listed, but the median asking price for an HVAC business in the U.S. is $649,950.
How much do HVAC business owners earn?
HVAC business owners report median annual sales of $1,035,546 and annual owner earnings of $232,307. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value an HVAC business?
Valuing an HVAC business involves considering several factors, including annual sales, profit, growth (or decline) trends, and demographic trends of the local market. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Revenue multiples among HVAC businesses listed for sale in the U.S. range from 0.38 to 0.90, with the median at 0.62. Earnings multiples range from 1.82 to 3.76, with the median at 2.80. These values suggest a typical HVAC business in the U.S. may sell for around 0.62 times its annual revenue, and 2.8 times its annual owner’s earnings.
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