Some one-man HVAC businesses take in only $50,000 in profit, while larger companies can earn several millions of dollars, all divided amongst the various employees. To save on costs, owners can find deals on equipment through buying used, looking for online deals, and trading.
How much profit does a HVAC company make?
usually about 6% of the overall revenue of the company If you do some math, this means the average HVAC company is bringing in between $580K and 1.25M a year. There are also many examples within the residential and small commercial HVAC industry of companies surpassing the $2M mark and beyond.
How much money can you make owning an HVAC company?
In the HVAC industry, the average business owner salary varies depending on the size of the business, geographic location, and years of experience. HVAC contractors typically earn anywhere from $67,573 on the lower end to $209,355 on the higher end, according to online compensation data.
Can HVAC make you rich?
HVAC is also one of the few industries where you can call a competitor to ask for help and you will likely get it with no strings attached. Become a Millionaire A lot of contractors are young millionaires because HVAC is an industry where it's possible to go from mechanic to millionaire in less than a decade.Jun 4, 2019
Is HVAC a good business to start?
Starting your own HVAC business is exciting, but It's completely fine to start small and work HVAC part-time and scale to full-time as you're confident in your ability to serve your customers well, while also earning enough income to pay your bills.