HVAC Business Valuation Calculator
Cited Band
2x to 3.3x SDE (sold quartiles)
Source: BizBuySell HVAC benchmarks (sold listings, 2021 to 2025 quartiles)
Implied Range
$1,000,000 to $1,650,000
A band, not a price. Answer the drivers below to place this business inside it.
Testing a real deal at a price in this range? Underwrite it end to end with the midpoint and the earnings carried over.
Where This One Sits
How much revenue recurs?
How concentrated are the customers?
What happens when the owner leaves for a month?
How clean are the books?
Do the licenses, leases and contracts transfer?
Nothing answered yet, so there is no reading. This does not default to the middle: a midpoint shown for a blank form would say your business is average when you have not told it anything.
The drivers that move the number in this trade specifically are in the full HVAC guide. The picker holds the trades this site prices on one earnings figure. The other 13 are priced another way or on too thin a class, and each still appears with its cited band and source in Every Band, Cited.
What Moves the Multiple
Service-agreement share is the big lever: advisers credit 40%-plus recurring revenue with 0.5x to 1.0x over install-dependent peers. Sub-$1M-SDE companies cluster near the high 2s.
Band cited from BizBuySell HVAC benchmarks (sold listings, 2021 to 2025 quartiles). What moves a business inside it, what licensing applies, and what diligence to run are in the HVAC buy guide.
How Often These Loans Go Bad
HVAC
5.11%
7 of 137 seasoned loans
Every Industry Measured
4.20%
Pooled charge-off rate
The share of seasoned SBA acquisition loans in this industry that have been written off so far, computed from the loan-level file the SBA publishes. A price inside the band is not the same as a business worth buying: the rate by industry and franchise brand is the other half of the question.
Embed This Band
The card below is free to embed with the link intact; it always shows this page's current cited band.
