How to Start a HVAC Business ($648K/year)

There is a MASSIVE NEED for a HVAC Business because people do not know how to service their own furnace or AC unit. There is also a shortage of HVAC contractors so you can take advantage of this by starting a business.
How much does it Cost:
Cargo Van: $20K
Equipment and Inventory: $5,000
Insurance: $1,000
START UP COST: $26,000
HOW MUCH CAN WE MAKE/CASHFLOW
Average Per Job Revenue: Average Repair Job: $150 - $450. Remodel, Install, or Removal $5,000 - $13,000
Profit Margin: 25% Net Profit, you should be charging 60% over your labor/raw material cost.
Average jobs per week: 15 Repair Jobs = $4,500/week. 1 remodel, install, or removal = $9,000
$13,500/week = $54K/month = $648,000/year
CASHFLOW:
Profit Margin with Labor/Equipment/Etc. = 25%
$13,500 profit per month = $162,000/year profit!
Positives of this business:
Profitable
Always needed. TRADES
Think of ways it will fail:
JOBS - Local Marketing, Create Website with SEO, Network with Home Builders, Home Remodelers, Real Estate Investors, Home Flippers, Property Managers, Facebook, Facebook Groups, Door to Door
Quality: Need to be experienced
Showing up on time: Scheduling being organized.
Employees: Start thinking of how you can find good help.
Legal Up
LLC
Insurance
Customer Agreement
#hvac #contractor #construction #constructionlife #businessidea #businessideas #sidehustleideas #money

[@erichorton1440]

I worked for a company that wanted to grow but couldn't. People wouldn't stay more than 6 months. Not even the office staff. It was a revolving door. The issue wasn't the people. It was the owner. The max pay was only $25 an hour when every where else is paying as high as $70+ an hour. The boss was super bi-polar and would scream at people all the time. It's important to mention that treating your workers good and paying them enough to not quit is vital to growth.

[@nate_indiana_jones]

I agree this is super important!

[@shakari-st8gl]

note best video so far i live in the carribean and my step dad those carpentry in america my goal is to make hvac bussiness in all of the carribean countries.i live in saint lucia and when my goal comes true i hope im here to edit this comment and say thank you

[@nate_indiana_jones]

Glad you got value out of it! Thanks for the kind words!

[@rav4hybrid]

You mean to tell me as a solo hvac contractor we should be pocketing $388,888 a year based on your numbers. Why would you ever hire employees? That’s a great salary. Why get greedy? There’s much more workload than 15 calls and 1 change out a week when you work for somebody for 60k/yr! Make it make sense.

[@nate_indiana_jones]

Exactly, I tell people sometimes it doesn’t make sense to hire. If you can make a ton of money without hiring then do it. Sometimes you hire and end up making the same amount

[@SRTMaxell]

Any suggestions on where to look for employees?

[@nate_indiana_jones]

Make a post on your facebook, if you go to church usually there are young guys there who want to make money. Ask your friends if they know any one. It will be unskilled labor but you can teach them

[@Notypls101]

I think this 640k figure buisness is the same as welding school saying you gonna earn 50 a hour welding chicken scratch but you keep telling them that so more and more people keep going and joining or am I schizo?

[@nate_indiana_jones]

You don’t think it is possible?