You hired the best people. You've got the technical know-how. Despite your efforts, you can't seem to break through that ceiling at 3 percent or 4 percent profit. In simplest terms, running an HVAC business comes down to providing a service. Running a successful business is a bit more complicated.
Making the decision to open another location is no small undertaking and involves finding the right people to staff the new location and doing a lot of research to make sure the new area can support another HVAC business.
The global HVAC equipment industry is expected to reach an estimated $105.7 billion by 2019, according to a report by Lucintel, a global management consulting and market research firm.
Over the past 20 years, the use of air conditioning has increased in all regions of the United States, but this increase has been most pronounced in the South, according to a new report from the U.S. Energy Information Administration (EIA).
The global HVAC equipment industry is exhibiting good growth opportunities for the period from 2013 to 2018, according to a report from Lucintel, a global management consulting and market research firm.
The National Association of Home Builders (NAHB) is forecasting that single-family starts will grow 22 percent in 2013 and that single-family construction will grow another 30 percent in 2014.
The Air Conditioning Contractors of America (ACCA) announced that contractors experienced short-term growth at the end of 2012, according to its Contractor Comfort Index (CCI).