I hate to charge my customers more money for repairs and installations, but it looks like I am going to need to raise prices for the first time in 3 years.
- I haven’t raised prices at all since before the pandemic.
Everyone knows that times are tough. I’ve been doing my best to keep prices low so we can continue to be profitable. Unfortunately, the warehouse where I buy all of my equipment and parts is going to raise all of their prices on the 1st of the year. In 60 days, I am going to be paying 3% more across the board for every part and piece of equipment that I ordered from the heating and AC warehouse. There aren’t any other places for me to order the equipment either. This place is the only heating and AC parts warehouse on the East Coast that offers next day delivery for free. I know that I’m going to have to pay for the extra fees and that 3% is going to hurt. 3% of my equipment and parts bill at the HVAC business is probably equal to $1,000 a month. Over time, that will add up and really put a dent in my budget if I don’t figure out a way to cut costs in other places. I’m going to need to raise my prices or my profit will be razor thin. If I have to pay more, my customers are going to have to pay more too. I don’t see any other way around it and I have been thinking about it all week.
hvac home services