Heating + Air Paramedics Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Heating + Air Paramedics is a home services franchise providing HVAC repair, maintenance, and installation. Franchisees run local operations, dispatching technicians and managing scheduling and sales.
FranchiseVerdict summary · 2026
A Heating + Air Paramedics franchise requires a total initial investment of $101K – $193K, including a $40K franchise fee and an ongoing 5.0% royalty[2]. The 2026 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2026 FDD issuance
Overview
- Investment
- $101K – $193K
- 35th pct Home Services
- Avg gross sales
- N/A
- Royalty
- 5.0%
- 5th pct Home Services
- Units
- 22
- 30th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $101K – $193K including a $40K franchise fee, 5.0% ongoing royalty.
- RETURNSItem 21 financials are the audited consolidated statements of the parent guarantor, HS Group Holding Company, LLC and Subsidiaries (not PHP Franchise, LLC itself), for the years ended Dec 31, 2025 and 2024. 2025 total revenue $47,884,344 comprises Recurring Revenue $45,605,509 and Franchise Fee Revenue $2,278,835. The Company reported a consolidated net loss of $(13,594,714) and an operating loss of $(10,200,434). Auditor firm name not present in extracted text (logo/signature not OCR'd); audit report dated March 12, 2026.
- RISKVerdict A (Strongest tier), verdict score 66/100 (higher is better).
- GROWTHSystem growing at 340.0% CAGR over 3 years with 22 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- PHP Franchise, LLC
- Parent company
- Threshold Brands, LLC
- Ultimate parent
- HS Group Holding Company, LLC
- Predecessor
- Plumbing Heating Paramedics, LLC
- Prior franchisor entity
- CEO title
- Chairman of the Board of Managers
- Jordan Lajoie
- Incorporated in
- DE
- HQ
- 17700 Saint Clair Avenue, Cleveland, Ohio 44110
- Auditor
- Plante & Moran, PLLC
- Audited financials
- Franchisor revenue
- $47.9M
- vs $49.0M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Jordan Lajoie
- Headquarters
- OH
- Founded
- 2021
- FDD year
- 2026
- States available
- 7
Can you afford it, and what does the money buy?
Entry cost runs 35% below the typical home services franchise.
Source: FDD 2026 · Items 5–7
Full Item 7 breakdown10 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $40K | $40K | |
| Initial Marketing Packagenot refundable | $8K | $15K | |
| Vehiclenot refundable | $6K | $12K | |
| Initial Training | $2K | $5K | |
| Equipmentnot refundable | $5K | $25K | |
| Facility Lease and Build-outnot refundable | $0 | $8K | |
| Technology | $2K | $8K | |
| Initial Inventory | $1K | $15K | |
| Miscellaneous Opening Costsnot refundable | $13K | $16K | |
| Additional Funds - 3 Months | $25K | $50K | |
| Total initial investment | $101K | $193K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $101K – $193K
- Top 40% of category vs category
- Liquid capital req'd
- $25K – $50K
- Middle of category vs category
- Franchise fee
- $40K – $40K
- Top 40% of category vs category
- Royalty
- 5.0%
- formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $650 |
| Training fee | $2K |
| Transfer fee | $10K |
| Renewal fee | $8K |
| Inventory (initial) | $1K – $15K |
| Total fee load | 7.0% of rev |
What do units actually make?
Source: FDD 2026 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Heating + Air Paramedics did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Heating + Air Paramedics unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
49%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2026 FDD
Financial Performance
Item 21 financials are the audited consolidated statements of the parent guarantor, HS Group Holding Company, LLC and Subsidiaries (not PHP Franchise, LLC itself), for the years ended Dec 31, 2025 and 2024. 2025 total revenue $47,884,344 comprises Recurring Revenue $45,605,509 and Franchise Fee Revenue $2,278,835. The Company reported a consolidated net loss of $(13,594,714) and an operating loss of $(10,200,434). Auditor firm name not present in extracted text (logo/signature not OCR'd); audit report dated March 12, 2026.
- Item 19 type
- gross sales
- Sample size
- 3
- vs category median 32 · small
- Range (low → high)
- $392K→$3.7M
- Cohort dispersion (min → max)
- Transparency tier
- none
- Categorical assessment of disclosure depth
- Reporting year
- 2025
- Fiscal year the figures cover
- Source filing
- FDD 2026
- Disclosed in the 2026 filing, covering 2025
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 321 Home Services brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% — below the Home Services average of 8.9%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System expanding at 340.0% CAGR over 3 years across 22 units — operators are staying and new ones are joining.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services averages
How Heating + Air Paramedics Compares
Is the system healthy?
Source: FDD 2026 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 22
- Opened
- 7
- Last reporting year
- Closed
- 0
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 18.2%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (3-yr)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 23
- Closed (3yr)
- 0
- Terminated (3yr)
- 4
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 13
- Franchisor's next-year forecast
- Termination rate
- 4.5%
- Franchisor-initiated terminations
- Ceased ops
- 4.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $150K
- Median loan
- $150K
- average
- Charge-off rate
- N/A
- limited sample (1 loan) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
CAUTION: Attractive revenue averages obscured by undisclosed profitability, affiliate regulatory action, and thin unit base with opaque franchisee economics.
Litigation (Item 3)
MaidPro Franchise LLC Consent Order with Securities Commissioner of Maryland (Case No. 2025-0075), $15,000 penalty for inadvertent violation of franchise fee deferral condition
Largest disclosed settlement: $15,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Plante & Moran, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 66 / 100 verdict
- 01HIGHAffiliate litigation (MaidPro) in Aug 2025 for franchise fee deferral violations suggests potential compliance issues across parent company's franchise portfolio
- 02MINORRoyalty floor of $1,500/month ($18K annually) is 1.75% of $1.02M break-even revenue — franchisees must hit significant volume to exceed floor
- 03MINORModest unit growth of 37.5% YoY on small base (22 units) — insufficient scale to validate system strength or sustainability
- 04MINORHigh initial investment ($100K-$193K) combined with non-transparent profitability creates asymmetric risk
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2026 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | exclusive |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory population | 100,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Cleveland, Ohio |
| Jury trial waiver | Yes |
| Governing law | OH |
| Litigation count | 1 |
View Item 3 litigation summary
MaidPro Franchise LLC Consent Order with Securities Commissioner of Maryland (Case No. 2025-0075), $15,000 penalty for inadvertent violation of franchise fee deferral condition
Items 10, 11
Training & Operations
- Classroom training
- 38 hrs
- On-the-job training
- 22 hrs
- Training location
- Virtual and franchisee or other location
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- Site selection
- franchisee
- Franchisor financing
- Offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
13 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Heating + Air Paramedics · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Heating + Air Paramedics franchise?
The total investment to open a Heating + Air Paramedics franchise ranges from $101K – $193K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Heating + Air Paramedics franchise owners earn?
Heating + Air Paramedics does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Heating + Air Paramedics FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Heating + Air Paramedics FDD and qualifies whose outlets they describe.
What is Heating + Air Paramedics's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Heating + Air Paramedics (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Heating + Air Paramedics franchise locations are there?
As of their most recent FDD filing, Heating + Air Paramedics has 22 total units in the United States, including 22 franchised units and 0 company-owned units. 7 new units were opened in the latest reporting year.
Is Heating + Air Paramedics a good franchise to buy?
FranchiseVerdict rates Heating + Air Paramedics as a A-grade franchise with a verdict score of 66 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.