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518: Buying an HVAC Business with Patrick Lange

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Apr 29, 2024

Business broker Patrick Lange discusses buying HVAC businesses, growth trends in the industry, navigating licensing requirements, addressing labor shortages, and the advantages of buying an existing business. He emphasizes the importance of attitude in hiring, providing education opportunities, and consultation for those interested in HVAC business ownership.

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INSIGHT

HVAC Industry Growth and Demand

The HVAC industry is growing strongly due to demand for energy efficiency and new refrigerants.
This results in resilient market opportunities for heating, ventilation, and air conditioning businesses.

ADVICE

Customer Trust is Crucial

Build customer trust as it is the most critical asset in HVAC business ownership.
Prioritize quality service and reliability to create loyal customers and long-term success.

INSIGHT

HVAC Businesses Are Cash Flow Rich

HVAC businesses often generate significant cash flow with low capital assets.
This makes the business attractive for owners looking for profitable operations without heavy asset investment.

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How to buy an HVAC (Heating, Ventilation, and Air Conditioning) Business with business broker Patrick Lange.

Show Notes Page: https://www.thehowofbusiness.com/518-buying-hvac-business/

Patrick Lange is back on the show to share the latest in HVAC business ownership opportunities. He helps people buy and sell heating and air companies.

According to the Air Conditioning Contractors of America (ACCA): The U.S. HVAC services market is predicted to grow to $35.8 billion by 2030. This growth is partly fueled by the demand for energy efficiency, and booming construction.

Patrick Lange with Business Modification Group specializes in the sale and acquisition of heating and air companies. Patrick has been an entrepreneur his entire life buying, growing, and selling businesses in multiple industries, including owning a residential heating and air company.

Patrick is considered an expert in the field of business brokerage, having earned multiple awards for transactions and dollar volume of business sold.

Patrick decided several years ago to focus exclusively on heating and air companies after seeing a need for someone with specific knowledge of the industry as well as the ability to market these businesses in an effective manner to help his clients achieve predictable results. Since he made that transition, he has sold more heating and air companies than any other broker.

In addition to facilitating the sale of heating and air companies, Patrick also provides valuations for those who are interested in learning the current value of their business in the market as well as strategies to increase the potential selling price..

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com