Home Services $1Million – Location Growth

The literal million dollar question most asked …How quickly can I get to a million dollars in revenue for my home service plumbing, HVAC business?

Let’s break that down in three parts.
1) What does growth for my residential service business look like?
2) What are my profit margins along the way?
3) And…How much capital do I need to get there?

The average per location growth for local market leaders is 54% annual year over year growth.
Average profit margins are 19% to 24%
Average capital with just in time inventory can range from $15k to $40k

The graph below illustrates location growth for a leading location in the southwest.

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