What an HVAC contractor costs in 2026.
Of the 417 HVAC contractor listings asking €300k or less in our corpus, half ask less than €230k. The typical listing reports €762k of revenue and €190k of seller earnings, and prices at 1.2x the seller's SDE (40 listings on that basis). 5% are franchises; 6% are run from home. Florida, Texas and North Carolina carry the most listings.
Based on asking prices, not completed transaction values. Medians over the listings in our corpus; euro at the week's rate; a multiple is quoted only over 20 or more listings on one earnings basis.
The states with the most listings.
- FLFlorida45
- TXTexas42
- NCNorth Carolina35
- CACalifornia19
- SCSouth Carolina19
What the desk underwrote in this trade.
The cover of each file: descriptor and metro, the four figures from the listing, hours with a manager, and the verdict. The seller's figure is labelled as the seller's; the name, the address and the conditions are in the member file.
None of the deals the desk has underwritten so far is an HVAC contractor. The Saturday five may change that; the index is here.
Asking prices, one basis at a time.
Asking prices, not sales. Every figure here is what a seller asked, read from the brokers' public listings; none is a completed transaction value. A listing asked last month is still evidence of what sellers ask, so the corpus keeps it.
One basis at a time. A multiple is the asking price divided by the seller's own stated earnings, on one basis only: a median over listings stating SDE is never mixed with a median over listings stating EBITDA, and a revenue multiple is a different figure again. One large source files the same cash-flow figure under EBITDA, so its EBITDA pool reads close to an SDE pool; the label is the seller's, and the two medians stay apart.
Thin sets are not quoted. Below 20 listings on a basis the multiple is withheld and the page says so; a median of four asks is an anecdote. The corpus holds 30,369 classified US listings asking €300k or less, refreshed with every edition.
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