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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.
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Franchise Costs
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
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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Unlock financial performance dataAIRE 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
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
AIRE SERV Current | N/A | $45K | 7.0% | 208 |
| MERRY MAIDS | $127K – $166K | $55K | 7.0% | 933 |
| HOLIDAY LIGHTING HEROES | $136K – $164K | $118K | 10.0% | 672 |
| MOSQUITO AUTHORITY | $54K – $128K | $45K | 10.0% | 546 |
| Culligan | $130K – $814K | $40K | 2.0% | 460 |
| MOSQUITO JOE | $150K – $192K | $43K | 10.0% | 415 |
Home Services Average 136 franchises | $142K – $269K | $52K | 6.9% | – |
* 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
+27 more states
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for AIRE SERV franchisees (2010 – 2025)
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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Unlock SBA loan historyFranchisee Contacts
290 franchisee contacts on file from official FDD filings.
290 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Lawsuits initiated by the franchisor against franchisees in fiscal year 2024.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently 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.
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