Why Heating + Air Paramedics Is Targeting Chicago for Growth

Heating + Air Paramedics, the emerging HVAC service concept backed by multi-brand home services franchisor Threshold Brands, has identified Chicago as its next target market for franchise development. And since the city has no existing locations, there is plenty of room for growth. 

As Heating + Air Paramedics continues to grow, it is targeting states surrounding its home state of Indiana to easily provide direct support to its franchise owners and to increase brand recognition in the region. With Chicago being the region's major city, President of Startup Brands Ryan Carpenter says that the Windy City is a natural next step for the brand. 

“Franchise owners who open in Chicago will have an attractive proximity to our founding store in Indianapolis, Indiana,” Carpenter said. “At just under three hours away, franchise owners will be able to come to the corporate headquarters relatively easily if they need any additional training or in-person support.”

Why Chicago?

Chicago is the Midwest’s largest city and the third largest city in the United States. It was also named among the best large cities to start a business in the country by WalletHub based on factors such as business environment, access to resources and business costs.

Additionally, the metro area’s population has seen increases in recent years. The current population of Chicago in 2023 is 8,937,000, a 0.4% increase from 2022, while the area’s population saw a 0.27% increase in 2022 over 2021. 

Meanwhile, when it comes to states with the highest demands for HVAC workers, a study from Research and Markets found that Illinois was among the states with the highest construction rates. The rise in development was attributed to companies relocating to the Chicago area and bringing demand for new office and residential spaces with them.

With Chicago known for freezing winters and hot summers, Heating + Air Paramedics’ services are in high demand. Customers can be assured they will stay warm all winter and cool all summer, while keeping the brand in mind for the following years to come. 

Why Is Now the Time to Invest?

The home services space has seen impressive growth in recent years and is anticipated to grow by a compound annual growth rate of over 35% from 2019 to 2026. For those looking to get involved in the booming space, HVAC businesses, in particular, provide year-round business opportunities. The HVAC system market size was also estimated to be $197 billion in 2021 and is projected to reach $271.5 billion by 2026. 

Aside from the standard heating and cooling-related services that may see seasonal spikes, Heating + Air Paramedics owners also provide air quality services such as top-notch air purifiers and programmable purification services. These services, which can be done at any time, provide owners with additional revenue opportunities. 

For current business owners in the HVAC space, the franchise is passionate about converting to the Heating + Air Paramedics model. Though a conversion changes a business’s name, its people — the heart of the business — stay the same. Small business owners can have peace of mind that they will still be able to maintain control of everyday operations while gaining access to the systems and network of support that Heating + Air Paramedics offers.

The time has never been better to open a Heating + Air Paramedics, and the brand is looking for qualified, passionate franchise candidates who want to scale the business in Chicago and other markets across the country.

“It brings a really large value to be able to serve your community in an essential, on-demand business,” said Carpenter. “The timing could not be more perfect for local entrepreneurs, or heating companies that would like to convert their smaller companies to our brand with all the local support we provide.”

To find out more information on costs to buy Heating + Air Paramedics, please visit https://1851franchise.com/heatingandairparamedics/info