2 Hvac Test Tools Business Success Stories [2024]
Considering a niche market with substantially growing demand? Step into the HVAC test tools business. HVAC test tools are essential for technicians to diagnose, maintain, and repair heating, ventilation, and air conditioning systems.
Starting this business involves sourcing high-quality diagnostic tools and equipment, building relationships with reputable manufacturers, and setting up an online or physical retail presence. Your customers will range from large HVAC contractors to independent technicians, providing a steady and consistent market.
Begin by researching the latest tools in the industry, such as manometers, anemometers, and thermal imaging cameras. Partnering with tool manufacturers and offering thorough product knowledge will set your business apart. Additionally, providing training or webinars on using these tools can create a loyal customer base.
With formal skills in sales and technical knowledge, venturing into the HVAC test tools market presents a promising opportunity to serve a specialized and indispensable industry.
In this list, you'll find real-world HVAC test tools business success stories and very profitable examples of starting a HVAC test tools business that makes money.
1. TruTech Tools, LTD ($27.5M/year)
Bill Spohn, the founder of TruTech Tools, had a background in the HVAC/R industry and recognized the pain points that technicians faced in finding and purchasing tools and test instruments. Along with his business partner, Jim Bergmann, they envisioned creating a one-stop-shop for these products. They started the business in 2007 and have since experienced significant growth, with projected sales of $16 million in 2020 and recognition on the Inc 5000 list multiple times.
How much money it makes: $27.5M/year
How much did it cost to start: $19.7K
How many people on the team: 27
TruTech Tools, LTD is one of the largest online stores in the niche market of tools and test instruments for HVAC/R Technicians, with $16 million in sales in 2020 and 20% YoY growth thanks to a focus on providing an exceptional customer experience and staying true to their core values.
2. Total Home Supply ($4.5M/year)
Mike Luongo and his team at Total Home Supply came up with the idea for their business after becoming unhappy with the direction of other Internet companies they worked for. They wanted to create a company that prioritized customer service and treated customers the way they would like to be treated. By focusing on offering superior customer service and knowledge of products, Total Home Supply has achieved double-digit growth, averaging 20% per year, and has experienced a 28% growth in their customer base.
How much money it makes: $4.5M/year
How many people on the team: 5
Total Home Supply, a heating and cooling products retailer, has achieved double-digit growth, averaging 20% per year with its biggest year almost doubling, thanks to focusing on offering superior customer service both before and after sales.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
