Boston, MA
$255,000

Boston, MA
$255,000

Jacksonville, FL
$13,400,000

Chicago, IL
$259,900

Florida
$1,312,000
Manatee County, FL
$1,200,000
Cincinnati, OH
$250,000
Lower Mainland, BC
$3,300,000
Iowa
$800,000
Broward County, FL
$2,000,000
Clarksville, TN
$255,000
Saint Louis, MO
$250,000
Florida
$15,000,000
Washington County, AR
$600,000
Fayette County, PA
$2,695,000
Benton County, WA
$749,000
Pinellas County, FL
$1,250,000
Nassos Prapas
Olympic Group Commercial
Serving Barnstable County, MA
Cuyahoga County, OH
$490,000
Chicago, IL
Not Disclosed
Cash Flow: $421,166
Charleston County, SC
$3,950,000
Charlotte, NC
$1,799,000
Putnam County, GA
$600,000
Orange County, FL
$75,000
Austin, TX
Not Disclosed
Cash Flow: $214,000
Iowa Park, TX
$475,000
New York
$2,990,000
Harris County, TX
$435,656
Riverside County, CA
Not Disclosed
Cash Flow: $615,000
Washington County, UT
$425,000
REAL ESTATE INCLUDED
Texas
$1,100,000
Reno, NV
$850,000
Mecklenburg County, NC
$398,000
Georgia
$2,600,000
Bradenton, FL
$250,000
Texas
$450,000
Pinellas County, FL
$495,000
Tennessee
Not Disclosed
Cash Flow: $627,491
Richmond, VA
$6,400,000
Contra Costa County, CA
$800,000
REAL ESTATE INCLUDED
Green Bay, WI
$950,000
Palm Harbor, FL
$395,000
Rhode Island
$4,500,000
Maricopa County, AZ
$1,895,000
Louisville, KY
$750,000
REAL ESTATE INCLUDED
Coos County, NH
$1,300,000
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.
Collin County, TX
$550,000
Hamilton County, OH
Not Disclosed
Cash Flow: $1,018,000
REAL ESTATE INCLUDED
Texas
$2,350,000
Sarasota County, FL
$490,000
Windsor, ON
$400,000
Michigan
Not Disclosed
Cash Flow: $710,053
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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