Florida
$500,000

Florida
$500,000

Baltimore, MD
Not Disclosed
Cash Flow: $255,000

Myrtle Beach, SC
$499,000

Hendersonville, NC
$79,000
Phoenix, AZ
$1,500,000
Cheshire County, NH
$399,900
Not Disclosed
EBITDA: $715,000
Minnesota
$5,000,000
Pinellas Park, FL
$265,000
New York
$225,000
Florida
$3,200,000
Bucks County, PA
$1,050,000
Loxahatchee, FL
$100,000
South Carolina
Not Disclosed
Cash Flow: $628,716
Austin, TX
$310,000
San Bernardino County, CA
$5,000,000
Nassos Prapas
Olympic Group Commercial
Serving Barnstable County, MA
Dallas County, TX
$450,000
St. Louis County, MO
$599,000
Bristol County, MA
$2,100,000
Cornelia, GA
$395,000
Hampden County, MA
$825,000
James City County, VA
$250,000
Lancaster County, PA
$1,500,000
Tennessee
Not Disclosed
EBITDA: $532,000
Saint Louis, MO
$900,000
Brunswick, NC
$400,000
Pima County, AZ
$1,350,000
Broward County, FL
$790,000
Currituck County, NC
$650,000
Fort Lauderdale, FL
$220,000
Saint Augustine, FL
$875,000
New York
Not Disclosed
Cash Flow: $975,663
New York
$799,000
Morgan County, AL
$499,000
REAL ESTATE INCLUDED
Shelby County, TN
Not Disclosed
EBITDA: $800,000
Broward County, FL
$5,000,000
Bergen County, NJ
$767,000
Tulsa, OK
$600,000
$5,000,000
Victoria County, TX
$1,300,000
Lubbock, TX
$329,900
Saint Paul, MN
$329,899
Saint Charles, MO
$150,000
San Diego County, CA
$1,600,000
Kenneth Li
Southwest Realty Group
Serving Harris County, TX
Kenneth Li is the broker/ owner of Texas George Realty, Inc. DBA Southwest Realty Group, a full service real estate firm in Houston, Texas since 1988. Throughout the two decades of his professional career, he has been committed to excellence in real estate development for his community. Kenneth Li is known as a real estate specialist, developer and consultant. He was born in Taiwan and raised in Hong Kong and came to Houston in 1981. Kenneth was the founder of Texas George Realty, which was later named one of the top ten outstanding Asian-owned businesses in Houston by the “Houston Post”. Kenneth acquired Century 21 Southwest franchise in 1997 and later converted into Southwest Realty Group. Kenneth Li was considered a pioneer of Chinatown by the “Houston Chronicle” and said that he was the real estate broker aided growth of community and used his success there as an entry into the mainstream in both residential and commercial real estate. (Houston Chronicle, Aug. 11, 2002). Under his leadership and influence, the City of Houston approved a budget of $21,000,000 to improve Houston Chinatown road reconstruction plan finished in March, 2015.
Middlesex County, MA
$5,999,999
Nashville, TN
$329,900
REAL ESTATE INCLUDED
Ellsworth County, KS
$375,000
Pasco County, FL
$1,600,000
Del Norte County, CA
$998,000
Minnesota
$400,000
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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