Heating + Air Paramedics franchise unit economics
Heating + Air Paramedics franchisees run residential heating and air conditioning businesses that sell installation, repair, replacement and maintenance jobs, and an owner can hold several territories.
Heating + Air Paramedics franchise at a glance
The 2026 FDD reports 2025 gross sales, jobs and territory counts for the three franchised businesses that reported all twelve months of the year.
Heating + Air Paramedics franchisees averaged $1,920,527 of sales in 2025, with a median of $1,661,177, according to Item 19 of Heating + Air Paramedics’ 2026 FDD, issued 10 April 2026. The 3 in that group are 38%* of Heating + Air Paramedics’ 8 franchised businesses. Fees paid to Heating + Air Paramedics come to about 7.64%* of sales.
- A Heating + Air Paramedics franchise costs $100,935 to $193,260 to open, including the $40,000 initial franchise fee, according to the brand’s 2026 FDD.
- Heating + Air Paramedics charges a royalty of 5% of monthly gross sales or $1,500 a month, whichever is greater, plus a 2% brand fund fee and a $650 monthly technology fee.
- Heating + Air Paramedics requires each franchisee to spend at least $6,500 a month on local advertising in its territory, unless the franchisor approves a lower amount.
- Heating + Air Paramedics reported 2025 gross sales for 3 franchised businesses operating 15 territories: $3,708,514, $1,661,177 and $391,891.
- The three reporting Heating + Air Paramedics businesses completed 4,470 jobs in 2025, an average of $1,288.94 of gross sales a job*.
- A Heating + Air Paramedics franchisee may take a refund of the $40,000 initial fee after opening in exchange for a 9% royalty, in place of 5%, for the 10-year initial term.
- Heating + Air Paramedics had 22 franchised outlets at the end of 2025, up from 3 at the start of 2023, and 8 signed agreements not yet open.
These figures come from Heating + Air Paramedics's 2026 Franchise Disclosure Document, as the brand reported them, and were read by Averan Advisors. The 4,470 job total and the $1,288.94 average job are Averan calculations from the Item 19 table.
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Talk to Averan → Averan Heating + Air Paramedics Conversion Package →- Three of the eight franchised businesses reported a full year of 2025, and they operate 15 of the 22 territories. Five businesses operating seven territories were left out because they did not report all 12 months. One of the five closed during 2025 after more than 12 months of operation.
- The three businesses averaged $1,920,527* of gross sales in 2025. Business 1 reported $3,708,514 across 11 territories, Business 2 $1,661,177 across 2 and Business 3 $391,891 across 2. Business 1 accounts for 64.4%* of the total.
- The Franchise Option Program refunds the $40,000 initial fee after opening in exchange for 4 more royalty points for the 10-year initial term. At the 2025 average of $1,920,527*, the extra 4% comes to $76,821* a year. The extra royalty equals the $40,000 fee over ten years at gross sales of $100,000* a year.
- Gross sales per territory ranged from $195,946* to $830,589* across the three businesses. Business 1 averaged $337,138* a territory over its 11 territories. The FDD states that businesses with several territories report one combined figure, so these are averages across each business’s territories.
- Each franchisee must spend at least $6,500 a month on local advertising. That is $78,000* a year, equal to 4.06%* of the 2025 average business and 19.90%* of Business 3’s gross sales. The franchisor may approve a lower amount.
Gross sales by business
How much does a Heating + Air Paramedics franchise make?
| Business | Territories | Gross sales, 2025 | Jobs |
|---|---|---|---|
| Business 1 | 11 | $3,708,514 | 2,832 |
| Business 2 | 2 | $1,661,177 | 1,451 |
| Business 3 | 2 | $391,891 | 187 |
| All three * | 15 | $5,761,582 | 4,470 |
Rows as the brand reported them, rounded to the dollar. The total row is Averan’s sum of the three rows, marked *. Gross sales include equipment sales, equipment rentals, fees, financing and sales tax, and are taken from the franchisor’s system.
The three businesses had average 2025 gross sales of $1,920,527. That is an Averan figure*: the $5,761,582 total divided by 3. The middle of the three is Business 2, at $1,661,177. Only Business 1 is above the average.
Item 19 reports by business, and a business can hold several territories. At 31 December 2025 there were 8 franchised businesses operating 22 territories. Business 1 operates 11 territories and Businesses 2 and 3 operate 2 each. The FDD states that these businesses do not separate revenue among their territories.
Five businesses operating seven territories are not in the table. They did not report gross sales for all 12 months of 2025. One of them operated a single territory for more than 12 months and closed during 2025.
Business 1 includes the original company business. The earliest reporting business opened in 2011 as the franchisor’s predecessor, was operated by an affiliate from 2021 and was sold to a franchisee in 2024. The most recent of the three opened in 2024.
Item 19 gives gross sales and jobs only. It publishes no costs, wages, profit or margin, and states that costs and expenses must be deducted from gross sales to obtain net income.
Franchise Option Program
Franchise Option Program
| Business | Gross sales, 2025 | Extra 4% a year * | Over the 10-year term at 2025 sales * | Times the $40,000 fee * |
|---|---|---|---|---|
| Business 1 | $3,708,514 | $148,341 | $1,483,406 | 37.1 |
| Business 2 | $1,661,177 | $66,447 | $664,471 | 16.6 |
| Business 3 | $391,891 | $15,676 | $156,756 | 3.9 |
| Average of the three * | $1,920,527 | $76,821 | $768,211 | 19.2 |
Gross sales, the 4% increase, the 10-year initial term and the $40,000 fee are as the brand reported them. The other columns apply the 4% to 2025 gross sales held level for ten years, marked *.
Under the Franchise Option Program the franchisor refunds the $40,000 initial franchise fee and the royalty rises from 5% to 9% of gross sales. The higher rate runs for the 10-year initial term. The franchisee signs a Franchise Option Amendment, and the program is offered to new franchisees at the franchisor’s discretion.
The fee is paid at signing and refunded within 10 days of opening. The refund depends on opening within the required time, which is 120 days from signing, and on the franchisee not being in default under any agreement with the franchisor or its affiliates.
The extra royalty equals the $40,000 fee over ten years at gross sales of $100,000 a year. That is an Averan figure*: $40,000 divided by 4% and by ten years. All three reporting businesses were above it in 2025, and at their gross sales the extra royalty over ten years runs from $156,756* to $1,483,406*.
Item 5 lists four other fee reductions. Veterans and first responders may receive 20% off the fee for their first franchise; buyers of three or more franchises in one transaction may receive 25% off the second and later fees; hard-to-serve markets may receive up to 10% off. A conversion franchisee with more than $250,000 of sales in the prior 12 months pays no initial fee and a 2% royalty, or $1,500 a month if greater, for the first 24 months.
In 2025 the initial fee charged ranged from $0 to $40,000. The franchisor may also finance up to the full fee over up to 24 months at 12% a year, and pays current franchisees a $25,000 referral fee for each new franchisee they refer who signs.
Per territory and per job
Gross sales per territory and per job, 2025
| Business | Territories | Gross sales per territory * | Jobs per territory * | Gross sales per job * |
|---|---|---|---|---|
| Business 1 | 11 | $337,138 | 257.5 | $1,309.50 |
| Business 2 | 2 | $830,589 | 725.5 | $1,144.85 |
| Business 3 | 2 | $195,946 | 93.5 | $2,095.67 |
| All three * | 15 | $384,105 | 298.0 | $1,288.94 |
Territories, gross sales and jobs are as the brand reported them; each other column divides them, marked *. A job is an individual customer service visit recorded in the franchisor’s system.
Gross sales per territory ranged from $195,946 at Business 3 to $830,589 at Business 2. Both are Averan figures*. Business 1 averaged $337,138* across its 11 territories. These are averages: the FDD states that businesses with more than one territory report one combined figure.
Gross sales per job ranged from $1,144.85 at Business 2 to $2,095.67 at Business 3. Across the three businesses, 4,470 jobs produced $5,761,582, or $1,288.94 a job*.
Jobs per territory ranged from 93.5 at Business 3 to 725.5 at Business 2. Business 3 had the highest gross sales per job and the lowest number of jobs per territory, and the lowest gross sales per territory*.
The highest business reported 9.5 times the gross sales of the lowest. Business 1’s $3,708,514 against Business 3’s $391,891 is an Averan ratio*. Business 1 also holds 11 of the 15 reporting territories, or 73.3%*.
Brand charges
Brand charges
| Charge | Rate in the FDD | A year at $1,920,527 * | Share of gross sales * |
|---|---|---|---|
| Continuing royalty | 5% of monthly gross sales or $1,500 a month, whichever is greater | $96,026 | 5.00% |
| Brand fund fee | 2% of monthly gross sales | $38,411 | 2.00% |
| Technology fee | $650 a month | $7,800 | 0.41% |
| Digital marketing services | $375 a month, plus $49 a month for an optional tool | $4,500 | 0.23% |
| Field service software | $279 a month per user license, paid to the vendor; $1,000 to set up the first account | $3,348, not in the total | 0.17% |
| Financial management software | $25 a month per license | $300, not in the total | 0.02% |
| Local advertising | At least $6,500 a month spent on advertising in the territory, unless the franchisor approves less | $78,000, not in the total | 4.06% |
| Integrated marketing features | Optional: $300 a month per integration | Not included | |
| Digital lead generation | Optional: 20% of advertising spend or $100 a month, whichever is greater | Not included | |
| Convention fee | Up to $1,500 | Not included | |
| Paid to the brand: royalty, brand fund, technology and digital marketing | $146,737 | 7.64% |
Rates as the brand reported them. The dollar and share columns are marked *: they apply each rate to the 2025 average and assume one field service software license and one financial management software license. Local advertising is money spent on advertising, not a fee paid to the franchisor, and the two software licenses are paid to vendors. Both are left out of the total.
At the 2025 average of $1,920,527, royalty, brand fund, technology and digital marketing fees paid to the brand come to $146,737 a year, or 7.64% of gross sales. That is an Averan calculation*. The technology and digital marketing fees total $12,300* a year whatever the gross sales, and the two software licenses add $3,648* a year paid to vendors.
Applied to each business, the same charges paid to the brand come to 7.33% at Business 1, 7.74% at Business 2 and 10.14% at Business 3. These are Averan calculations*. The $12,300 of fixed fees paid to the brand is 3.14%* of Business 3’s gross sales and 0.33%* of Business 1’s.
The $6,500 monthly local advertising minimum is $78,000 a year. That is an Averan figure*, equal to 4.06%* of the 2025 average and 19.90%* of Business 3’s gross sales. With it, the charges at the average come to 11.70%*.
The $1,500 monthly royalty minimum is higher than 5% when monthly gross sales are below $30,000. That is $360,000* a year. A franchisee operating in more than one contiguous territory may ask to combine its royalty across them to meet the minimum.
Gross sales include sales tax and financing. Discounts, rebates, referral fees and other costs may not be deducted, so royalty and brand fund are charged on the full amount. Royalty and brand fund are due on the 15th of each month, and the franchisor may raise many of the other fees once a year, generally by no more than 10%.
Cost to open
Cost to open
| Item | Low | High |
|---|---|---|
| Initial franchise fee | $40,000 | $40,000 |
| Additional funds, three months | $25,000 | $50,000 |
| Miscellaneous opening costs (insurance, uniforms, printed materials, legal costs, utilities) | $13,000 | $16,000 |
| Initial marketing package | $7,500 | $14,600 |
| Equipment | $5,000 | $25,000 |
| Vehicle (lease deposit, three months of payments, wrap and fit-out) | $5,500 | $11,500 |
| Technology | $1,935 | $8,160 |
| Initial training | $2,000 | $5,000 |
| Initial inventory | $1,000 | $15,000 |
| Facility lease and build-out | $0 | $8,000 |
| Total | $100,935 | $193,260 |
As the brand reported it, reordered here. The franchisor based the estimates on its experience operating a company location from 2021 to 2024 and on information from franchisees.
A Heating + Air Paramedics franchise costs $100,935 to $193,260 to open. The total includes the $40,000 initial franchise fee and $25,000 to $50,000 of additional funds for the first three months.
The additional funds exclude wages. The FDD states they cover operating expenses such as permits, licensure, insurance premiums, maintenance and repairs, and exclude employee compensation, which depends on the region.
The vehicle line covers a leased van, not its purchase. It is the deposit and first three months of a lease on a recommended Ford Transit high-roof van, with a wrap, rack and mounting fixtures.
A facility is required within 12 months of signing. The low estimate assumes no facility in the first three months; the high estimate assumes three months of rent on a 1,000 square foot space at $20 per square foot plus a one-month deposit.
The business must open within 120 days of signing. Royalty starts after the first calendar month more than 120 days after signing, or at opening if that is earlier.
Locations
Locations, 2023 to 2025
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other reasons | End | Transfers |
|---|---|---|---|---|---|---|---|---|
| 2023 | 3 | 3 | 1 | 0 | 0 | 0 | 5 | 0 |
| 2024 | 5 | 13 | 2 | 0 | 0 | 0 | 16 | 0 |
| 2025 | 16 | 7 | 1 | 0 | 0 | 0 | 22 | 0 |
| 2023–2025 * | 3 | 23 | 4 | 0 | 0 | 0 | 22 | 0 |
Counts as the brand reported them; the total row sums the three years and is marked *. Item 20 counts each territory as an outlet. The 2024 end figure is printed as 116 in the status table and as 16 in the summary table; 16 matches the arithmetic.
Heating + Air Paramedics had 22 franchised outlets at the end of 2025 and no company-owned outlets. The franchised count rose from 3 at the start of 2023. Each outlet is a territory, and the 22 territories belonged to 8 franchised businesses.
Across 2023 to 2025, 23 franchised outlets opened and 4 were terminated. Those are Averan sums*. There were no non-renewals, reacquisitions, other closures or transfers.
In 2024, 11 franchised outlets opened in Indiana. The same year the affiliate’s one company-owned outlet, in Indiana, was sold to a franchisee.
8 franchise agreements were signed but not opened at 31 December 2025. Six were in Texas and two in Georgia. The franchisor projected 13 new franchised outlets in the next fiscal year.
Some current and former franchisees signed provisions restricting what they can say about the system. The FDD states this for the last three years. Its list of franchisees who left the system in 2025 or had not been in contact names one franchisee.
Questions we get asked
Questions owners ask
How much does it cost to open a Heating + Air Paramedics franchise?
The 2026 FDD estimates $100,935 to $193,260. That includes the $40,000 initial franchise fee, $7,500 to $14,600 for the initial marketing package, $5,000 to $25,000 for equipment and $25,000 to $50,000 of additional funds for the first three months, which exclude wages.
What fees does Heating + Air Paramedics charge?
The royalty is 5% of monthly gross sales or $1,500 a month, whichever is greater, and the brand fund fee is 2%. Fixed monthly charges include a $650 technology fee, $375 for digital marketing services and $279 per field service software license. Franchisees must also spend at least $6,500 a month on local advertising. At the 2025 average business, royalty, brand fund, technology and digital marketing fees paid to the brand come to 7.64% of gross sales, an Averan calculation.
How much does a Heating + Air Paramedics franchise make?
Item 19 reports 2025 gross sales for three franchised businesses that reported all 12 months: $3,708,514 across 11 territories, $1,661,177 across 2 and $391,891 across 2. The average of the three is $1,920,527, an Averan calculation. The FDD publishes no costs or profit.
What is the Franchise Option Program?
The franchisor may refund the $40,000 initial fee within 10 days of opening, in exchange for a royalty of 9% in place of 5% for the 10-year initial term. At the 2025 average gross sales of the reporting businesses, the extra 4% is $76,821 a year, an Averan calculation.
How many Heating + Air Paramedics locations are there?
At the end of 2025 there were 22 franchised outlets, each a territory, held by 8 franchised businesses, and no company-owned outlets. In 2025, 7 outlets opened and 1 was terminated. 8 signed agreements had not opened at year end.
How big is a Heating + Air Paramedics territory?
Each territory contains at least 100,000 single-family homes when the franchise agreement is signed, set by zip codes, census tracts or other boundaries. The FDD states the territory is not exclusive, though the franchisor will not operate or license another Heating + Air Paramedics business from a site inside it while the franchisee is in compliance.
Questions worth putting to Heating + Air Paramedics
These are questions the filing leaves open. An owner or a buyer can put them to the franchisor directly.
- Is the revenue in Item 19 gross sales or collected revenue, and how many locations sit below the average?
- Which factors does Heating + Air Paramedics see in its highest-selling locations, such as territory, years open and staffing?
- How long does a new location take to reach the average you publish, and what does the build-up look like month by month?
- At what level of sales do the minimum charges stop applying and the percentage take over?
- How many Heating + Air Paramedics locations closed, were sold, or changed hands last year, and why?
Run your own numbers.
The Franchise Numbers Check runs the same checks on your own numbers. It scores where you stand and compares you with Item 19 of your brand’s FDD. It works out what one location earns and spends, and builds a 13-week cash forecast. It also checks whether you are ready to open another one. It is free and it runs in your browser.
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Questions owners ask next
The figures above raise these, and each one is answered on its own page.
- At what level of sales does a minimum fee stop costing me more than the percentage?It works out the sales level where a minimum fee stops applying.
- How much cash do I fund before a new location covers its own costs?It builds a 13-week forecast for the months before break-even.
- What does this location earn on the money I put into it?It works out the payback period and cash-on-cash return for one unit.
- How much of Item 19 can I rely on?It explains what an Item 19 financial performance representation tells you and what it leaves out.
Where these figures come from
Every figure here comes from PHP Franchise, LLC’s 2026 FDD and is unaudited by us. We are unaffiliated with the brand. Calculations of our own are labeled where they appear. The figures describe past performance at other businesses and are not a projection of yours. This page is an educational summary. It is not an offer to sell a franchise, and it is not financial, legal or tax advice. Heating + Air Paramedics is a trademark of its owner. How Averan reads a Franchise Disclosure Document.
These figures come from the brand's disclosure. They are not a forecast, an offer to sell a franchise or advice. Source: PHP Franchise, LLC, 2026 Franchise Disclosure Document, issued 10 April 2026.