HVAC, Plumbing, and Electrical Contractors in America.
Having gathered data from 64 reputable sources, it can reasonably be estimated that there are about 117,000 companies in the US that provide HVAC services, 132,000 that provide plumbing services, and 252,000 that provide electrical services.
Let’s assume for the sake of this example that those numbers are elevated due to a lot of home service companies offering two or more services. There is going to be a lot of overlap.
Let’s further assume that a lot of those companies are going to be commercial, not residential. So we’re going to dramatically reduce the aggregate estimate 501,000 different companies (117,000 + 132,000 + 252,000) to just 100,000 residential/retail companies that are competing for the opportunity to serve homeowners across America.
Here’s the fascinating part: we know for a fact that only 638 of those companies have a top line of $20,000,000 or more, and just 280 of the 638 will do $40,000,000 or more.
Having worked with many of those over-performers, I can assure you they were not built on traditional wisdom.