Research shows the HVAC market will grow at a CAGR of 6.1% and reach $82.5 billion in the next few years.
The growing construction business in major emerging economies and the ever-increasing end-user markets, such as data center markets, are some of the major factors driving the growth of the HVAC services market.
Like other electrical appliances, HVAC units break often and require regular maintenance. As a result, the demand for HVAC repair is high.
Therefore, starting an AC repair business can be profitable. To start, you need a skilled AC repair technical team. Target commercial and residential customers, and market your business online as most people search for AC repair services through the web.
Here are some real life success stories of starting a ac repair business:
1. TruTech Tools, LTD ($22.5M/year)
Bill Spohn, the founder of TruTech Tools, had a background in the HVAC/R industry and recognized the pain points that technicians faced in finding and purchasing tools and test instruments. Along with his business partner, Jim Bergmann, they envisioned creating a one-stop-shop for these products. They started the business in 2007 and have since experienced significant growth, with projected sales of $16 million in 2020 and recognition on the Inc 5000 list multiple times.
How much they make: $22.5M/year
How much did it cost to start: $19.7K
Current team size: 20
TruTech Tools, LTD is one of the largest online stores in the niche market of tools and test instruments for HVAC/R Technicians, with $16 million in sales in 2020 and 20% YoY growth thanks to a focus on providing an exceptional customer experience and staying true to their core values.
2. PureFilters ($2.4M/year)
Jay Vasantharajah accidentally stumbled into the business of selling furnace filters online while working at his digital marketing agency. After his initial client decided not to pursue the idea, Jay couldn't resist exploring the e-commerce landscape and decided to create a WooCommerce website as a side project. To his surprise, he started making sales and PureFilters was born.
How much they make: $2.4M/year
How much did it cost to start: $1K
Current team size: 4
PureFilters is an online supplier of furnace filters in Canada with a focus on customer experience, boasting a wide selection of the best brands and a roster of 300 five-star reviews, all achieved through rigorous process building, investments in automation and use of outsourced help to manage this $60k/mo business with less than 10-12 hours spent per week.
Learn more about starting an ac repair business:
Where to start?
3. Total Home Supply ($4.5M/year)
Mike Luongo and his team at Total Home Supply came up with the idea for their business after becoming unhappy with the direction of other Internet companies they worked for. They wanted to create a company that prioritized customer service and treated customers the way they would like to be treated. By focusing on offering superior customer service and knowledge of products, Total Home Supply has achieved double-digit growth, averaging 20% per year, and has experienced a 28% growth in their customer base.
How much they make: $4.5M/year
Current team size: 5
Total Home Supply, a heating and cooling products retailer, has achieved double-digit growth, averaging 20% per year with its biggest year almost doubling, thanks to focusing on offering superior customer service both before and after sales.
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Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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