LINC SERVICE

LINC Service's track record shows measured expansion: franchising for over two decades with 71 franchise locations and 32 corporate-owned, totaling modest growth to just 4 projected new units. Recent FDD data flags low attrition—only 5 terminations and 2 non-renewals—suggesting solid franchisee retention in a competitive field against independents. Yet the trajectory feels conservative; no explosive scaling like some home services peers, which could mean less market saturation but also slower network support for newcomers targeting commercial HVAC repairs.

Economics shine brightly here, per Item 7: initial investment $66,530-$140,050 including $75,000 franchise fee, far lower than revenue scale implies. Item 19 reveals eye-popping average gross revenue of $9,753,760 per unit, with tiered royalties (4.5% on first $700K gross, dropping to 2.5%) plus $0-$1,300/month software fees. Four SBA loans averaging $1,744,500 underscore viability for qualified buyers, often existing HVAC pros. No major red flags in health metrics, but high revenues demand strong operations—ideal for experienced operators eyeing $7M+ topline in multifamily and industrial niches, though profits hinge on local competition and execution.