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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

AIRE SERV

AIRE SERV

Aire Serv franchises specialize in installing, maintaining, and repairing residential and commercial heating, ventilating, air conditioning (HVAC), and indoor air quality equipment, as well as selling and servicing water-based heating systems and related products. The business model involves offering startup franchises or conversions of existing HVAC businesses, providing franchisees with operational support under the Aire Serv brand. They target both residential homeowners and commercial customers needing HVAC services and solutions.

208locations
Since 1992
ServicesWaco, TXNeighborly Assetco LLCwww.aireserv.comDisclaimer

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Franchise Costs

Franchise Fee
$45,000
Initial Investment
N/A
Royalty Rate
7.00%
Brand Fund
2.00%
Fixed Monthly Fees
$470 – $740

7% license fee (royalty, tiered down to 5% at higher sales) + 2% MAP fee (brand fund) + $350-450/mo call center + $90/mo software system + $30-200/mo QuickBooks.

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$1,638,144
Median Gross Revenue
$1,084,793
Top Quartile Revenue
$4,123,490
Bottom Quartile Revenue
$173,548

Data Based On: 158 franchised businesses in operation and reported sales for the entire Reporting Period (January 1, 2024 through December 31, 2024).

* Weighted average gross revenue derived from combining the average gross sales of the 1st, 2nd, 3rd, and 4th quartiles based on their respective unit counts, which confirms the overall average gross sales provided for 100% of reporting businesses. Revenue top quartile is the average for the 1st quartile. Revenue bottom quartile is the average for the 4th quartile. No profit or expense data was provided to calculate profit metrics.

Extracted Item 19 Section

Avg. Revenue: $1,638,144

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AIRE SERV Franchise Analysis

In the competitive world of home services, Aire Serv stands out with its roots tracing back to 1992 and a model that welcomes both greenfield startups and conversions of existing HVAC shops. Backed by Neighborly, it promises comprehensive support for tackling residential and commercial heating, cooling, and air quality needs. Item 19 discloses revenue figures that paint a picture of potential, while SBA loan records hint at financing realities—but do the numbers stack up for steady profitability in a weather-dependent industry?

Financially, Aire Serv requires a $45,000 franchise fee, with ongoing royalties at 7% (tiering down to 5% on higher sales), 2% brand fund, plus monthly fees like $350-450 for call center, $90 for software, and $30-200 for QuickBooks. Item 19 reveals strong performance: average gross revenue hits $1,638,144, though median is $1,084,793, signaling that top performers drive the average while many operate closer to seven figures. With 98 SBA loans averaging $231,265 and an 8.2% default rate—lower than many peers—this suggests accessible financing without excessive risk, ideal for entrepreneurs eyeing $1M+ top-line potential in HVAC.

System health shows resilience: from 197 to 208 locations (+6% growth), 30 projected new units, just 11 terminations and 2 non-renewals, but 14 transfers indicate some mobility. Franchisor-initiated lawsuits in 2024 warrant scrutiny, potentially tied to compliance issues. For buyers, dig into Item 19 breakdowns by region/age, conversion success rates versus startups, and how tiered royalties impact cash flow at median volumes—key to assessing if this HVAC powerhouse delivers enduring value.

Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How AIRE SERV Compares

FranchiseInvestmentFeeRoyaltyLocations
AIRE SERV
Current
N/A$45K7.0%208
MERRY MAIDS$127K – $166K$55K7.0%933
HOLIDAY LIGHTING HEROES$136K – $164K$118K10.0%672
MOSQUITO AUTHORITY$54K – $128K$45K10.0%546
Culligan$130K – $814K$40K2.0%460
MOSQUITO JOE$150K – $192K$43K10.0%415
Home Services Average
136 franchises
$142K – $269K$52K6.9%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 136 Home Services franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
35
2FL
18
3NC
16
4GA
13
5TN
10
6MO
8
7OH
8
8LA
7
9WI
6
10VA
6
11IN
6
12CA
6
13SC
5
14AZ
5
15MN
5

+27 more states

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SBA Loan History


Historical SBA 7(a) loan data for AIRE SERV franchisees (20102025)

Total Loans
98
Average Loan
$231,265
Total Volume
$22.7M
Default Rate
8.2%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

98 SBA loans on record

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Franchisee Contacts

290 franchisee contacts on file from official FDD filings.

290 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases4

Lawsuits initiated by the franchisor against franchisees in fiscal year 2024.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
11
Non-Renewals
2
Reacquired
0
Ceased Ops
8
Transfers
14
Sold to Franchisees
0
Projected New
30

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Frequently Asked Questions

AIRE SERV does disclose financial performance data (Item 19) in their 2025 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.