my friend switch to plumbing too, i think he was in for carpentry originally. said it was for the money too, but i just cant get down with the poo part lmao
For commercial work, you only do new buildings and some remodels so for the most part in new construction (which I mainly did) was clean work besides glue/primer stains for pvc and underground work. But I loved getting down in the dirt digging some holes and installing pipe
I own a HVAC company.
I’d recommend getting into residential sales. Or going to a Commercial/Project based shop.
I don’t recommend getting into Residential service/replacement. Especially if you live in a bigger metro area.
Private equity is gonna wreck your salary long term
Can you elaborate on this?
ill say this, when i was i pre med and considering dropping out i was strongly considering HVAC. great business to be in just have a good mind for the business, getting clients, having a truck and brand, etc. also it’s consistent money but try to get into commercial and not just single family residents unless you’re getting clients and giving it out to other people and taking a cut
Can you elaborate on this?
PE is buying up a lot of service based companies (mostly hvac but they’ll buy up plumbing and electrical to roll them into hvac) to extract as much money out of them. Mostly done by shady sales tactics and big focus on financing. To keep up with huge marketing budgets every person is a salesman in the company. Service techs are forced to push replacements instead of repairs.
What comes of this is high turnover in the company, quick burnout and if you’re not a top performer you get laid off in the slow seasons. With the COVID money and rates dried up these companies have been slow since Nov. in the NE. I think mainly due to higher interest rates that people can afford to bear on 20k replacement systems.
Can you elaborate on this?
All HVAC small businesses are getting rolled up and consolidated by private equity firms rn, it’s a very hot market for them
Private equity ownership is gonna push earnings down for contractors in the long run and won’t be good for regular ppl
PE is buying up a lot of service based companies (mostly hvac but they’ll buy up plumbing and electrical to roll them into hvac) to extract as much money out of them. Mostly done by shady sales tactics and big focus on financing. To keep up with huge marketing budgets every person is a salesman in the company. Service techs are forced to push replacements instead of repairs.
What comes of this is high turnover in the company, quick burnout and if you’re not a top performer you get laid off in the slow seasons. With the COVID money and rates dried up these companies have been slow since Nov. in the NE. I think mainly due to higher interest rates that people can afford to bear on 20k replacement systems.
Pretty much this. I’m in investment research and our clients are always inquiring our industrials team on potential PE targets
Pretty much this. I’m in investment research and our clients are always inquiring our industrials team on potential PE targets
Yeah it’s been insane lately. Around here it seems like a big local shop sells every 3-4 months. There is insane amount of mo way to be made with these companies. I feel bad for home owners who do t know any better getting shafted, and your average worker who ends up being just a number and expendable.
Ps. Come buy my company.
For commercial work, you only do new buildings and some remodels so for the most part in new construction (which I mainly did) was clean work besides glue/primer stains for pvc and underground work. But I loved getting down in the dirt digging some holes and installing pipe
probably won’t start anything until the fall so i’ll check it out
I own a HVAC company.
I’d recommend getting into residential sales. Or going to a Commercial/Project based shop.
I don’t recommend getting into Residential service/replacement. Especially if you live in a bigger metro area.
i’m in chicago so thanks for this i need to read up on that then cause i was hearing it was the other way around. i might pivot then cause the idea was to get certified, get in a company, then start working to get business licenses for my own and stuff like that. guess i need to look into the market more
i’m in chicago so thanks for this i need to read up on that then cause i was hearing it was the other way around. i might pivot then cause the idea was to get certified, get in a company, then start working to get business licenses for my own and stuff like that. guess i need to look into the market more
You can make your way in resi service and replacement but the highs are high (plus working like 14 hours a day) and the lows are low (you get laid off or work 25 hours a week).
Most of my sales are business to business and we’ve been steady. I’ve been interviewing people coming from residential and so many people were laid off or had been working 3 days a week. It certainly can happen to commercial/project stuff too but that’s why I try to diversify
Residential is also really brainless s*** imo. It doesn’t keep my interest.
probably won’t start anything until the fall so i’ll check it out
Take your time and check it out. Electricians and plumbers both do underground work so you will get dirty and hvac pretty much runs off plumbing bc of condensation systems, etc. Also you can’t be afraid of heights or being underground deep lol. I’ve been about 30 feet underground and about 25ft above ground. I was also driving skidsteers, sky traks, scissor lifts, and boom lifts.
With hvac tho you’ll be above ground the majority of the time. Personally there’s more money in plumbing plus if you get in with a good good company, they will put you through school and if you’re great, they will put you through construction management. They were doing that with me but I had an unrelated work accident and had to leave my job
Take your time and check it out. Electricians and plumbers both do underground work so you will get dirty and hvac pretty much runs off plumbing bc of condensation systems, etc. Also you can’t be afraid of heights or being underground deep lol. I’ve been about 30 feet underground and about 25ft above ground. I was also driving skidsteers, sky traks, scissor lifts, and boom lifts.
With hvac tho you’ll be above ground the majority of the time. Personally there’s more money in plumbing plus if you get in with a good good company, they will put you through school and if you’re great, they will put you through construction management. They were doing that with me but I had an unrelated work accident and had to leave my job
There’s not more money in plumbing
There’s not more money in plumbing
What’s there more money in then. Lol I personally know people who make bank off plumbing there def is. They own businesses. In Texas plumbers make more than electricians
What’s there more money in then. Lol I personally know people who make bank off plumbing there def is. They own businesses. In Texas plumbers make more than electricians
HVAC
Juggling between this and IT, idk which one to put all my eggs jnto
IT is on its way to getting replaced by AI
Yeah it’s been insane lately. Around here it seems like a big local shop sells every 3-4 months. There is insane amount of mo way to be made with these companies. I feel bad for home owners who do t know any better getting shafted, and your average worker who ends up being just a number and expendable.
Ps. Come buy my company.
How much in revenue are you doing?
I can pass your company’s name to the a***yst who covers HVAC for visibility if you want 😂 maybe one of our clients digs into it
PE will only buy it if the company has been doing poorly/is a good bargain
Thought title said any body here wreak havoc and was gonna reply with 😈
avi checks out
How much in revenue are you doing?
I can pass your company’s name to the a***yst who covers HVAC for visibility if you want 😂 maybe one of our clients digs into it
PE will only buy it if the company has been doing poorly/is a good bargain
I’ll do about 5m this year. I’m just playing though. I’m still pretty young so I’m not looking to exit for another 10-15 years right now