FranchiseVerdict
ONE HOUR HEATING & AIR CONDITIONING logo
FV-01828·STRONGExcellent95

One Hour Heating & Air Conditioning

Formerly known as Franchising SPE

Home Services - Plumbing & HVACFranchising since 2021Website
Investment
$71K – $270K
8th pct Plumbing & HV…
Avg revenue
$1.1M
8th pct Plumbing & HV…
Royalty
6.0%
21st pct Plumbing & HV…
Units
413
92nd pct Plumbing & HV…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $71K – $270K including a $43K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.1M/year (median $1.1M).
  • Rated STRONG with a risk score of 44/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
One Hour Air Conditioning Franchising SPE LLC
Parent company
AB Assetco LLC
Incorporated in
Delaware
HQ
7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$191K
vs $219K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one ONE HOUR HEATING & AIR CONDITIONING unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,067,978
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: restoration
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $71K–$270K
Working capital
$
FDD reports $35K–$60K

Unlevered ROIC · per unit

56%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$123K
EBITDA margin
11.5%
Total invested
$218K
Payback
21 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 ONE HOUR HEATING & AIR CONDITIONING units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$961K

on $4.8M purchase

Total debt

$3.8M

SBA $2.4M + senior + seller note

Overview

About

Franchisees own and operate local HVAC service centers providing heating, air conditioning installation, repair, and maintenance for residential and commercial customers. Daily operations include managing service technicians, scheduling appointments, responding to emergency calls, invoicing customers, and collecting payments.

CEO
Mark Dawson
Founded
2021
FDD year
2024
States available
37

Item 7 · what it costs

The Vitals

Total investment
$71K – $270K
All-in to open one unit
Liquid capital
$35K – $60K
Cash you must have on hand
Franchise fee
$43K
Royalty
6.0%
greater of percentage or fixed minimum · typical 6–8%
Ad fund
1.5%
typical 3–5%
Total fee load
7.5%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.1M
Per unit, per year
Median gross sales
$1.1M
Item 19 type
Gross Revenue
Sample size
78 units
vs category median 20 · large
Range (low → high)
$16K$6.1M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank8th
vs Home Services - Plumbing & HVAC peers
Investment cost rank8th
Lower investment ranks lower (better)
Royalty rate rank21th
Lower royalty = lower percentile (better)
Unit count rank92th
vs Home Services - Plumbing & HVAC peers
Risk score rank17th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
413
Opened
52
Last reporting year
Closed
19
Turnover rate
4.6%
Company-owned
28
Corporate units in the system
% franchised
93%
vs corporate-owned
Net growth (yr3)
+9.4%
Net unit change last year
3-yr CAGR
+12.9%
Compounded over last 3 years
2022
385+28
Franchised units
2023
352
Franchised units
2024
341
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 32 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 32 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
1
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

44
Risk · 0-100
STRONG44 / 100

ONE HOUR HEATING & AIR presents elevated risk due to opaque financial disclosure, litigation patterns suggesting compliance evasion, and a royalty structure that may incentivize underreporting and squeeze marginal operators.

Score breakdown · what drove the 44 / 100 rating

  1. 01MEDNo Item 19 (Average Unit Volume) disclosed despite $1.07M average revenue claim—inability to verify earnings claims
  2. 02HIGHMultiple litigation cases involving trademark infringement, non-compete violations, and sales underreporting suggest systemic compliance issues
  3. 03MINORRoyalty structure creates aggressive floor ($1,500/month minimum = $18,000 annually) that pressures small operators and incentivizes underreporting
  4. 04MINOR9.4% YoY unit growth is modest for a 413-unit system; suggests market saturation or franchisee struggles
  5. 05MEDHigh initial investment ($71K-$270K) combined with undisclosed net income creates severe opacity around ROI timeline
  6. 06MINORCollection actions for unpaid fees indicate franchisee financial distress across the system

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Population-based
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
8
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Maryland

Item 11

Training & Operations

Classroom training
36 hrs
On-the-job training
0 hrs
POS system
ServiceTitan
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

96 numbers

Locked
(763) 323-••••
MN
(864) 235-••••
SC
(512) 827-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

ONE HOUR HEATING & AIR CONDITIONING · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above