HVAC Business Ownership - Possible Reality or Pipedream
A client told me his son went to the community college and earned his HVAC degree at age thirty. He worked for three years for someone and then started doing business on the side for family and friends. Within a few years he is doing $250,000 in revenue and has two guys working for him in the Central Valley (i.e Hanford/Fresno area).
Does this sound possible or would this be more the exception then the norm with HVAC business ownership?
I dont know about the norm. But if he's sharp and aggressive its certainly possible.
Everything is possible....
I'll use a story as an exmaple.
Originally Posted by grkmano
A pilot is being tossed around in instrument conditions when he discovers that the amount of fuel he has on board is not as he calculated, and his engine sputters to a stop. He pitches the nose down for best glide speed, breaks out of the clouds at 5,000 feet, and finds he is directly over an airport, with the sun shining and no conflicting traffic.
But not probable.
[Avatar photo from a Florida training accident. Everyone walked away.]
2 Tim 3:16-17
RSES CMS, HVAC Electrical Specialist
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Why coudn't he do it? Especially if his business is mostly installs. The OP sid 250k in revenues, he's not paying himself 250k. Paying 2 salaries, having 3 trucks on the road, and all his other business and insurance expenses, the guy ain't making that much. Maybe 6 figures. maybe not
Officially, Down for the count
YOU HAVE TO GET OFF YOUR ASS TO GET ON YOUR FEET
I know enough to know, I don't know enough
Liberalism-Ideas so good they mandate them
He's probably bringing home 25k out of that 250k.
Originally Posted by 2sac
jtrammel is probably right. He is bringing home around 25k out the 250k. Or is -25k in the hole. Not worth the headache. Go work for someone else and make double or triple that amount. Punch the clock and go home with no worries.
I call pipe dream.
So the people you work for don't make money?
If your making 75k a year how much you think your boss is making. Less? If your business orientated and can make it work. Anything is possible.. Truth is I worked for a few bosses, That didn't no anything about hvac but they know people. And hiring me got there jobs done and they made money while I made a hourly rate. I made $25 for the hour while he made 300.
Not saying all 300 is his but a good portion is
Ditto. I waited a long time but then again I never wanted to do this. Then the kids started growing up and there I was in NY.
Originally Posted by newoldtech
I did the three year 250+ number easily and ever since I have only cursed the years that I didnt take the plunge.
Please comment on the approx amount you take home as your profit/income of the $250,000
Originally Posted by butternut
Originally Posted by Fresno
It's going to vary. It's just not cut and dried $xx per month. First off you expense everything you can. There's other things that I won't explain as a business owner.
At $250k it's not a One Man operation. People, Trucks, Insurance... Expensive. (IMO)
Yes, I know I Shouldn't But I Just Can't Help Myself...