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The 27,000-square-foot Jackson, Tennessee, location will have five team members, including a branch manager, salespeople, and warehouse personnel, and is expected to open by the end of the year.
If you’re thinking about selling your business within the next year, interest rates will have a definite impact on the number of buyers who will be able to offer top dollar for your company.
“We have sales declines during two of the first three months of cooling season versus the boom times of 2022,” said Brian Loftus, macroeconomic and residential market analyst at HARDI.
Following two boom years, economic signs point toward a slowdown in HVACR industry growth in 2023, but distributors who take the changes in stride should be OK.
Resolving to address the headwinds and tailwinds we’re seeing in today’s business climate can help HVAC contractors adapt their customer acquisition strategy, differentiate their business from competitors, and achieve growth goals.
Normal marketing techniques can work when it comes to the earning the business of first-time homebuyers, but their young age plays a role in what they’re really looking for when it comes to an HVAC company.