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