We offer several valuable information on how to start an air conditioning equipment refrigerant recovery business.
Industry Essentials in A/C Refrigerant Recovery
Air conditioning equipment refrigerant recovery is a sub-category of the residential and commercial construction industries. The recycling and reclamation of used refrigerants is a vital step in the responsible use of fluorocarbons, a necessary element in air conditioning and refrigeration.
Although refrigerant recovery is primarily messaged as an environmentally friendly and waste handling activity, it's also a potentially profitable enterprise for the right entrepreneurs. Property owners and contractors rarely handle refrigerant recovery and equipment disposal themselves. It's easier to outsource the task to specialists who are responsible for meeting compliance requirements.
On the backend, refrigerant recovery businesses recycle and resell the refrigerant they process, often delivering reclaimed refrigerant back to the same property owner. They also safely dispose of contaminants such as oil, glycol, asbestos, etc., some of which can be recycled and sold in other markets. Ideally, property owners will come back to the same recovery operation year after year, generating recurring revenue streams for capable entrepreneurs.
Critical Contacts for Air Conditioning Equipment Refrigerant Recover Startups
Refrigerant recovery startups sink or swim by their ability to nurture relationships within the industry. Business networking is a key skill for refrigerant recovery and reclamation entrepreneurs. But it will only pay off to the extent that you apply your networking skills to the creation of relationships with the right contacts.
- HVAC Contractors. HVAC contractors are sensitive to the compliance requirements associated with refrigerants. Yet most HVAC contractors don't get directly involved in recycling. Instead, they outsource to refrigerant recycling businesses. By nurturing relationships with the top HVAC contractors in your market, you can quickly develop a feeder stream for referrals and subcontracting opportunities.
- Property Managers. Managers of commercial properties and large rental complexes maintain lists of qualified contacts for all kinds of jobs, including refrigerant removal and recycling. One of your first priorities as a startup owner should be to contact targeted property managers and ask them to add your company to their roster – even if they already have a relationship with a competitor.
- Municipal Authorities. A/C refrigerant entrepreneurs are frequently key players in municipal refuse collection days. By educating civic leaders and the public about proper disposal, your business can gain access to large quantities of refrigerant material, which can then be reclaimed and resold for a profit.
Business Plan Mechanics for Air Conditioning Equipment Refrigerant Recovery Businesses
Haven't created a business plan for your air conditioning equipment refrigerant recovery business yet? You could be in big trouble.
In many cases, the best approach is to keep your business plan simple. Ultimately, your business plan is intended to be a resource for you, the business owner.
If your time is limiting, outline the essentials of your air conditioning equipment refrigerant recovery company's business plan now and make a commitment to come back to it later.
Look Over Competitors
Prior to launching an air conditioning equipment refrigerant recovery business within your community, it's a smart move to determine how strong the competition is. Try our link below to find competitors nearby. Simply enter your city, state and zip code to get a list of air conditioning equipment refrigerant recovery businesses in your town.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
If you want to open an air conditioning equipment refrigerant recovery business it's essential that you talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. It'd be crazy for them to teach you the business.
Fortunately, somebody who runs an air conditioning equipment refrigerant recovery business outside of your community may be willing to share their entrepreneurial wisdom with you, once they realize that you are not going to directly compete with them in their community. In that case, the business owner may be more than happy to discuss the industry with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
Where can an aspiring entrepreneur like you find an air conditioning equipment refrigerant recovery business manager in another community?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Advantages of Buying an Established Air Conditioning Equipment Refrigerant Recovery Business
It's no secret that entrepreneurs have a strong impulse to build companies from the ground up.
Yet a healthier and safer strategy may be to purchase an existing air conditioning equipment refrigerant recovery business.
Existing air conditioning equipment refrigerant recovery businesses are proven operations with dependable revenue streams. When you buy, you also gain the ability to sidestep all of the trial-and-error that comes standard with any air conditioning equipment refrigerant recovery business startup.
Don't Forget About Franchising As an Option
Choosing to partner with a franchisor means you get access to great ideas that come from seasoned and successful entrepreneurs.
If you planning on starting an air conditioning equipment refrigerant recovery business, a smart move is to assess whether purchasing a franchise might simplify your entering the business.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing air conditioning equipment refrigerant recovery business, these resources will come in handy:
If you sell to air conditioning equipment refrigerant recovery businesses, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.