Similar businesses sell at 1.2x to 5.3x SDE. Compare live listings and connect with sellers.
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Amazing opportunity to own an HVAC company serving the Roanoke Valley and Lake Gaston NC area. They are 99% residential, 1% commercial with no refrigeration. They have flat rate pricing, 200 maintenance agreements, and a CRM in place. They have serviced 1,800 customers in the previous 3 years.
Company Overview This Tampa Bay-based commercial HVAC and mechanical services contractor provides retrofit and replacement, preventive maintenance, repair, and emergency response services for occupied commercial facilities. The Company serves a 100% commercial customer base, with established relationships among property managers, facility managers, and institutional building operators. The Company maintains more than 20 million square feet of commercial space and has replaced over 20,000 tons of HVAC equipment. Its self-performing operating model, certified technicians, owned fleet, and in-house equipment provide control over scheduling, service quality, and project margins. Approximately 40% of revenue comes from maintenance and service activity, creating recurring customer touchpoints that frequently lead to repair and replacement opportunities. Growth opportunities include adding technicians, expanding maintenance-contract penetration, increasing emergency-service coverage, and addressing retrofit demand associated with aging equipment and refrigerant transitions. Key KPIs TTM revenue: approximately $2.23 million TTM adjusted EBITDA: approximately $473,000 Adjusted EBITDA margin: 21.2% Gross margin: 50.9% TTM revenue growth: 16.2% versus FY2025 Revenue mix: Retrofit and replacement: 60.3% Preventive maintenance: 20.1% Service and repair: 19.5% Customer base: 100% commercial Commercial space serviced: more than 20 million square feet HVAC equipment replaced: more than 20,000 tons Workforce: 7 employees, including 6 full-time and 1 part-time Combined field experience: more than 40 years Fleet: 6 service vehicles and 2 trailers Customer retention: 7 of the top 10 customers were active in each of the past three years Top-three customer concentration: 53.5% of CY2025 revenue Top-10 customer concentration: 87.1% of CY2025 revenue Financial results are for the twelve months ended June 2026. Adjusted EBITDA reflects management-provided normalizations, including market-based owner compensation.
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This is a rare opportunity to acquire a thriving, owner-operated HVAC company strategically located near Alabama's Gulf Coast—one of the most favorable HVAC markets in the United States. With extended summers, high year-round humidity, and consistent temperatures requiring near-constant climate control, this region generates exceptional demand for both service and replacement work. Why This Business Stands Out: Explosive Growth: Revenue growth exceeding 115% over three years Exceptional Profitability: Profit margins 2-3x industry average Strong Cash Flow: Six-figure annual Seller's Discretionary Earnings Clean Legal Status: No liens, no litigation, all licenses current Outstanding Reputation: 5-star reviews and strong referral network Turnkey Operation: Established systems, suppliers, and customer base Recurring Revenue: Active maintenance plan program Growth Ready: Multiple identified expansion opportunities Climate-driven demand: The Gulf Coast's subtropical conditions create 9+ months of cooling season and continuous dehumidification needs, driving recurring revenue Available transition support to ensure seamless handover This is an owner-operated company with one additional technician. The business is healthy, profitable, and positioned for continued growth under new ownership. This opportunity is perfect for an experienced HVAC professional or potentially an investor looking to partner.
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Amazing opportunity to own a long term HVAC and plumbing company located in Cook County, IL. They are 60% residential, 40% commercial with <10% new construction and no refrigeration. The business split is 60% plumbing and 40% HVAC. They have a CRM, the accounting system used is QuickBooks, and payroll is handled in house.
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This is a well-established HVAC company offering a strong opportunity to acquire a profitable, service-based business with a proven track record and loyal customer base. The company provides a full range of heating, ventilation, and air conditioning services, including installation, repair, maintenance, and system replacement for both residential and light commercial clients. Built on a reputation for reliability, responsiveness, and quality workmanship, the business generates consistent revenue through repeat customers, service agreements, and referral-driven demand. Its strong local presence and trusted brand have allowed it to maintain steady operations with limited reliance on paid advertising. The company is well-positioned within a growing market supported by ongoing residential development, aging HVAC systems, and increasing demand for energy-efficient upgrades. With experienced technicians, established systems, and streamlined operations in place, this is a turnkey opportunity for a new owner to step in and continue operations with minimal disruption while leveraging clear avenues for future growth. Listing Type: Flat Fee Listing ID: 26405 www.listbizforsale.com
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Since 1995, this company has specialized in residential and light commercial hydronic hot water heating system. The company provides installation, upgrades, replacements and service of both heating systems and domestic hot water usage. The company has a sterling reputation within their service area for responsiveness, technical expertise, exceptional work, competitive pricing and customer focused service. This company has not been impacted by COVID! In fact, business is booming. The founder/owner’s goal is to mentor a new buyer, ensure they are successful and can take this company to the next level. The company currently generates more business than the current owner can handle.
ADD ON / Commercial HVAC & Refrig. / Northern New England / ~$9MM Rev Business Description A full-service commercial HVAC and refrigeration company serving customers across northern New England, in operation for more than 50 years. The business provides commercial refrigeration, air conditioning, heating, ventilation, and electrical services, with field technicians cross-trained to service both rooftop HVAC and refrigeration equipment on a single call — a dual-trade capability uncommon among Northeast contractors that positions the Company as a single-source provider for multi-site chains. Under current ownership since 2008, the business has grown from three service vans into a 32-employee, ~25-vehicle regional platform operating from a new, purpose-built 9,680 sq ft headquarters. It runs across three complementary segments — a flagship commercial HVAC and refrigeration operation, a home-dispatched mechanical division serving an adjacent state with no facility overhead, and a dedicated residential division that keeps commercial dispatch unencumbered. The Company generated $8.8M of revenue in the twelve months ended May 2026, up from $7.6M in the prior fiscal year, supported by a recurring base of preventive-maintenance agreements (three visits per year) and a dual HVAC/refrigeration service model that few Northeast competitors can match. LTM Revenue: $8.8M (twelve months ended May 2026) LTM Adjusted EBITDA: $1.1M Adjusted EBITDA Margin: 12.3% LTM Gross Margin: 30.1% Revenue Growth: Up ~15% vs. prior fiscal year ($7.9M FY2023 → $8.8M LTM) Years in Operation: 50+ (founded 1971) Employees: 32 Service Fleet: ~25 vehicles / ~21 field technicians Revenue per Technician: ~$415K Commercial Revenue Mix: 92.9% Recurring Base: Active preventive-maintenance agreements anchoring ~40% of revenue Facility: Purpose-built 9,680 sq ft office & warehouse Credit Standing: A+ BBB rating Coverage: 24/7 emergency service across a four-state territory
The company is a commercial HVAC service that provides fast and reliable service to long term clients. They specialize in preventative maintenance contracts (30+ current contracts) with building owners that include tune-ups, diagnostics, checking, fixing, and replacing filters, belts, freon, and more. Another major service provided is the installation and maintenance of Alerton brand DDC (Direct Digital Control) HVAC systems. Various other projects are added to their workload throughout the year when needed. The company has a very reliable base of revenue and has grown steadily since 2014 with 2021 being a down year due to a hold on new projects starting in 2020 related to Covid restrictions. Revenues are directly related to current relationships with building owners. There is no budget for marketing or advertising as it is not necessary. The ideal new owners should have extensive experience in HVAC and all related licenses necessary to do work in the state of Utah. Established HVAC companies looking to grow through acquiring maintenance contracts would be a good fit.
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*****Please check your SPAM folder for NDA**** Imagine stepping into a thriving HVAC business that's been the trusted name in Michiana since 1990. You'll inherit over 35 years of reputation building and a loyal customer base of 3,200 homeowners who rely on this company for their comfort needs. This isn't just any HVAC business - it's a well-oiled machine serving Northern Indiana and Southwest Michigan with heating and cooling installations, repairs, maintenance, water heater replacements, indoor air quality solutions, and emergency services. You'll love the diversified revenue streams that keep cash flow steady year-round. The numbers tell an impressive growth story. Revenue jumped from $634,000 in 2023 to nearly $977,000 over the trailing twelve months, while your potential earnings as owner reached approximately $309,000. That's the kind of performance that gets your attention. What makes this opportunity special? You're getting a lean operation without the headache of customer concentration risk - your revenue comes from thousands of satisfied homeowners, not just a few big contracts. The business practically runs itself with established systems and processes. The current owner is ready to retire but committed to helping you succeed. You'll get transition support to ensure you hit the ground running from day one. This is your chance to own a profitable, established business in an essential industry where people always need heating and cooling services. Whether you're an experienced HVAC professional looking to own your own shop or a business-minded individual seeking a solid investment, this opportunity offers the foundation for continued growth in a recession-resistant industry.
NorthBase Advisors is pleased to present an established residential plumbing and HVAC business serving one of Colorado's fastest-growing communities. The Opportunity This is a proven, cash-flowing operation with a 57% EBITDA margin and zero advertising spend. The business is currently operating at full capacity and turning away work it can't get to. Business Highlights $527K TTM Revenue | $299K TTM Adjusted EBITDA | 57% EBITDA Margin 70% repeat customer base — built entirely on referrals and word-of-mouth 99% Residential. No new construction work 70% Plumbing / 30% HVAC Who This Works For This opportunity is well suited for a licensed plumber or HVAC technician looking to own their own business, or an existing home services platform looking to expand with an established customer base and a proven digital reputation. Our Process The CIM and data room are available upon execution of an NDA. Please click "Inquire" from the listing page to sign our NDA and access the data room.
National transaction benchmarks for hvac business businesses.
Under $500K
$500K to $2M
Over $2M
A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.
Cofounder & CEO
Key diligence, valuation, financing, and transition considerations for buyers evaluating HVAC business acquisitions.
The most reliable indicator of HVAC business quality is the size and retention rate of its maintenance agreement (MA) base. Each MA typically generates $150-$300 in annual recurring revenue and produces 3-5x more replacement leads than non-agreement customers. Ask for MA count, renewal rate, and how long agreements have been in place. A business with 500+ active MAs and 80%+ renewal rate commands a significant premium over one without.
Businesses using flat-rate pricing are substantially more transferable than time-and-material shops. Flat-rate systems remove individual technician pricing discretion, making revenue more predictable, margins more consistent, and the business easier for a new owner to manage. When reviewing listings, flat-rate pricing is a positive signal. Time-and-material shops can be converted, but budget for a 6-12 month transition period.
Every state requires HVAC contractors to hold a valid license, and most are tied to a specific qualifying individual - typically the owner or a designated employee. When a business sells, the buyer must hold their own license, hire a licensed qualifier, or negotiate a transition period. Confirm the license situation early in diligence. Businesses where the owner is also the qualifier carry key-person risk that will directly affect valuation.
Residential HVAC businesses tend to be more transferable - customer relationships are distributed across thousands of households rather than concentrated in a few commercial accounts. Commercial-heavy businesses (50%+ commercial) warrant deeper diligence on contract terms, renewal dates, and whether contracts are assignable to a new owner. A residential business with a strong MA base and diversified customer geography is typically the most straightforward acquisition.
HVAC businesses are highly seasonal - revenue peaks in summer (cooling) and winter (heating), with shoulder months in spring and fall. Ask for monthly revenue breakdowns across at least two full years to understand the true seasonal pattern. Buyers who close during peak season may not see trough cash flow until months later. SDE calculations should normalize for seasonal working capital and owner compensation timing.
The presence of a modern field service CRM - ServiceTitan, FieldEdge, Housecall Pro - indicates the business has been run systematically rather than from the owner's memory. CRM-equipped businesses have documented customer histories, job costing data, and technician metrics that support a clean transition. Businesses without a CRM are not disqualified, but plan for 3-6 months of systems implementation post-close.
Answers to common buyer questions for this market.
