Heating & Air Paramedics
Home Services · HVAC & Plumbing
- Active units
- 5
- Royalty
- 5.0%
Franchised, year-end 2023
of weekly Net Sales
About Heating & Air Paramedics
Detailed brand overview is not available yet for this profile.
Key terms
- Franchise fee
$40k
- First Responders discount
20% reduction of the Initial Franchise Fee on your first Franchised Business
- Multi-unit discount
25% reduction of the Initial Franchise Fee off the second and any additional franchises when purchasing three or more at the time of the initial purchase
- Franchise Option Program
Initial Franchise Fee may be waived/refunded; Continuing Royalty increases by an additional 2.5% of Gross Consumer Sales for 10 years
- Conversion Franchise Addendum
Initial Franchise Fee waived for qualified Conversion Franchisee; royalty reduced to 2% for first 24 months
- Hard-to-serve or underserved market discount
Up to 10% off the Initial Franchise Fee
- Brand fund
2.0% of Net Sales
- Local advertising
6500.0% of Net Sales
- Footprint
1,000 sq ft
- Veteran discount
20.0% off franchise fee — 20% reduction of the Initial Franchise Fee on your first Franchised Business
Brand Percentile Rankings
Growth
- Total locations14
Franchised units open at year-end
- New openings11
Gross new units opened during the calendar year
- 1-year unit growth rate180.0%
Net unit growth versus prior year
- 3-year unit CAGR116.0%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio5.5×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$217k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open4 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.