Franopolis
    LS

    Linc Service

    Franchise research report · reviewed 2026 disclosure data

    Researching Linc Service franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Linc Service is a franchise network of commercial HVAC contractors that provides preventive maintenance, repair, and replacement services for heating, ventilation, and air conditioning systems. Its customers include commercial, industrial, institutional, and multifamily building owners and operators seeking building systems maintenance and HVAC services.

    Headline figures

    Quick facts

    How much does it cost to open a Linc Service franchise?
    The Linc Service Franchise Disclosure Document reports an estimated initial investment of $66,530 (2026 FDD, Item 7, PDF p. 17). This is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Linc Service charge?
    The disclosed ongoing royalty is $3 (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
    Does Linc Service disclose financial performance (Item 19)?
    Yes. The Linc Service FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 45). Figures apply only to the locations and period each one covers. Details
    How many Linc Service locations are there?
    The FDD reports 103 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 47). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $66,530 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 5 separate groups: adjusted operating results for 76 Mixed:57 independent third-party franchises and19 affiliate-held franchises locations; adjusted operating results for 14 Mixed:57 independent third-party franchises and19 affiliate-held franchises locations; adjusted operating results for 8 Mixed:57 independent third-party franchises and19 affiliate-held franchises locations; adjusted operating results for 14 Mixed:57 independent third-party franchises and19 affiliate-held franchises locations; adjusted operating results for 40 Mixed:57 independent third-party franchises and19 affiliate-held franchises locations. They are not combined.
    3. 3Outlets declined by 7 in 2025, to 103 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 17

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty schedule lowest rate — 2.5% of Gross Revenues, subject to minimumsMain ongoing fee

    57 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    5 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 76 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Linc Service franchises, domestic and specified foreign countries — All
    Period
    All percent
    Excluded
    28 domestic franchises:13 terminated in FY2024,15 did not supply financial statements/equivalent data. Main Table1 page44 has no extracted cells.
    Method
    Unaudited franchisee data; adjusted for differing reporting calendars. Gross profit revenue minus total cost of sales including allocated burden; other overhead not deducted. FY2025 data not yet available.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 14 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Linc Service franchises, domestic and specified foreign countries — $0-3M million
    Period
    $0-3M million percent
    Excluded
    28 domestic franchises:13 terminated in FY2024,15 did not supply financial statements/equivalent data. Main Table1 page44 has no extracted cells.
    Method
    Unaudited franchisee data; adjusted for differing reporting calendars. Gross profit revenue minus total cost of sales including allocated burden; other overhead not deducted. FY2025 data not yet available.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 8 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Linc Service franchises, domestic and specified foreign countries — $3-5M million
    Period
    $3-5M million percent
    Excluded
    28 domestic franchises:13 terminated in FY2024,15 did not supply financial statements/equivalent data. Main Table1 page44 has no extracted cells.
    Method
    Unaudited franchisee data; adjusted for differing reporting calendars. Gross profit revenue minus total cost of sales including allocated burden; other overhead not deducted. FY2025 data not yet available.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 14 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Linc Service franchises, domestic and specified foreign countries — $5-7M million
    Period
    $5-7M million percent
    Excluded
    28 domestic franchises:13 terminated in FY2024,15 did not supply financial statements/equivalent data. Main Table1 page44 has no extracted cells.
    Method
    Unaudited franchisee data; adjusted for differing reporting calendars. Gross profit revenue minus total cost of sales including allocated burden; other overhead not deducted. FY2025 data not yet available.

    Locations counted: not stated in the reviewed record

    Adjusted operating results · 40 locations

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Linc Service franchises, domestic and specified foreign countries — > $7M million
    Period
    > $7M million percent
    Excluded
    28 domestic franchises:13 terminated in FY2024,15 did not supply financial statements/equivalent data. Main Table1 page44 has no extracted cells.
    Method
    Unaudited franchisee data; adjusted for differing reporting calendars. Gross profit revenue minus total cost of sales including allocated burden; other overhead not deducted. FY2025 data not yet available.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of FY ending October31,2025 of each year.

    2026 FDD · Item 20 · PDF p. 47

    Net −18 outlets, 2023–2025

    0121202311020241032025−11−7

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($66,530) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 110 to 103 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 17
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Linc Service franchises, domestic and specified foreign countries — All · PDF p. 45
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Linc Service franchises, domestic and specified foreign countries — $0-3M milli… · PDF p. 45
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Linc Service franchises, domestic and specified foreign countries — $3-5M milli… · PDF p. 45
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Linc Service franchises, domestic and specified foreign countries — $5-7M milli… · PDF p. 45
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Linc Service franchises, domestic and specified foreign countries — > $7M milli… · PDF p. 45
    7. [7]Outlet counts — Item 20, Table 1 · PDF p. 47

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    107 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025costs incurred in excess of amounts billed$194
    2025prepaid expenses$91
    2025other current assets$79
    2025total current assets$1,939
    2025right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$95
    2025goodwill$2,591
    2025other noncurrent assetsMore than one value recorded for this year — open the FDD source before comparing$176
    2025total assets$5,270
    2025equity current liabilities current portion of debt, net$29
    2025trade accounts payable$401
    2025accrued compensation$195
    2025deferred revenue$75
    2025insurance claimsMore than one value recorded for this year — open the FDD source before comparing$201
    2025current portion of lease liabilities$28
    2025long-term debt, net$1,537
    2025long-term lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$84
    2025deferred income tax liability, net$40
    2025noncurrent insurance claims$459
    2025other noncurrent liabilities$54
    2025noncurrent income taxes payable$4
    2025total liabilities$3,484
    2025operating expenses$7,671
    2025selling, general and administrative expenses$697
    2025restructuring and related expenses$13
    2025amortization of intangible assets$53
    2025operating profit$312
    2025income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing$5
    2025income before income taxes$220
    2025income tax provision-$58
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$162
    2025other comprehensive-$9
    2025foreign currency translation and other$6
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$162
    2025deferred income taxes-$22
    2025share-based compensation expense$38
    2025provision for bad debt$7
    2025impairment of assets$4
    2025income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing-$5
    2025change in fair value of contingent consideration-$2
    2025prepaid expenses and other current assets$24
    2025right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$6
    2025other noncurrent assetsMore than one value recorded for this year — open the FDD source before comparing-$17
    2025trade accounts payable and other accrued liabilities$53
    2025long-term lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$8
    2025insurance claimsMore than one value recorded for this year — open the FDD source before comparing$40
    2025income taxes payableMore than one value recorded for this year — open the FDD source before comparing-$9
    2025net cash provided by operating activities$234
    2025cash flows from investing activities additions to property, plant and equipment-$79
    2025proceeds from sale of assets$0
    2025purchase of businesses, net of cash acquired, and equity securities-$37
    2025net cash used in investing activities-$116
    2025cash flows from financing activities taxes withheld from issuance of share-based compensation awards, net-$7
    2025repurchases of common stock, including excise taxes-$122
    2025dividends paid-$66
    2025deferred financing costs paid-$8
    2025repayment of borrowings from debt-$1,613
    2025changes in book cash overdrafts-$47
    2025repayment of finance lease obligations-$5
    2025cash paid to settle the contingent consideration liability-$59
    2025net cash used in financing activities-$80
    2025effect of exchange rate changes on cash and cash equivalents$1
    2025net increase$40
    2025other investments$49
    2025cash and cash equivalents$104
    2025income taxes payableMore than one value recorded for this year — open the FDD source before comparing$4
    2025other accrued liabilities$324
    2025interest expense-$96
    2025comprehensive income$161
    2025cash and cash equivalents at end of year$104
    2025adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$106
    2025loss on sale of assets-$0
    2025total current liabilities$1,306
    2025revenues$8,746
    2025distributions from unconsolidated affiliates$6
    2025borrowings from debt$1,847
    2025discount accretion on insurance claims$1
    2025changes in operating assets and liabilities, net of effects of acquisitions trade accounts receivable and costs incurred in excess of amounts billed-$110
    2025cash and cash equivalents at beginning of year$65
    2025total adjustments$72
    2024cash and cash equivalents$65
    2024costs incurred in excess of amounts billed$162
    2024prepaid expenses$103
    2024total current assets$1,789
    2024other investments$31
    2024goodwill$2,576
    2024equity current liabilities current portion of debt, net$32
    2024trade accounts payable$324
    2024accrued compensation$296
    2024income taxes payableMore than one value recorded for this year — open the FDD source before comparing$5
    2024total current liabilities$1,348
    2024long-term debt, net$1,302
    2024long-term lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing$92
    2024other noncurrent liabilities$87
    2024noncurrent income taxes payable$4
    2024total liabilities$3,315
    2024revenues$8,359
    2024operating expenses$7,326
    2024amortization of intangible assets$56
    2024operating profit$212
    2024income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing$7
    2024interest expense-$85
    2024income tax provision-$52
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$81
    2024other comprehensive-$23
    2024foreign currency translation and other$7
    2024comprehensive income$72
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$81
    2024deferred income taxes-$25
    2024share-based compensation expense$30
    2024provision for bad debt$9
    2024discount accretion on insurance claims$1
    2024loss on sale of assets-$1
    2024income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing-$7
    2024distributions from unconsolidated affiliates$5
    2024change in fair value of contingent consideration$96
    2024prepaid expenses and other current assets-$40
    2024right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$13
    2024other noncurrent assetsMore than one value recorded for this year — open the FDD source before comparing-$34
    2024long-term lease liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$7
    2024insurance claimsMore than one value recorded for this year — open the FDD source before comparing$54
    2024income taxes payableMore than one value recorded for this year — open the FDD source before comparing-$7
    2024total adjustments$145
    2024net cash provided by operating activities$227
    2024proceeds from sale of assets$2
    2024net cash used in investing activities-$172
    2024cash flows from financing activities taxes withheld from issuance of share-based compensation awards, net-$7
    2024dividends paid-$57
    2024borrowings from debt$1,334
    2024repayment of borrowings from debt-$1,313
    2024repayment of finance lease obligations-$4
    2024net cash used in financing activities-$62
    2024effect of exchange rate changes on cash and cash equivalents$2
    2024net increase-$5
    2024cash and cash equivalents at beginning of year$70
    2024cash and cash equivalents at end of year$65
    2024insurance claimsMore than one value recorded for this year — open the FDD source before comparing$198
    2024changes in operating assets and liabilities, net of effects of acquisitions trade accounts receivable and costs incurred in excess of amounts billed-$33
    2024cash flows from investing activities additions to property, plant and equipment-$59
    2024deferred revenue$64
    2024income before income taxes$134
    2024total assets$5,097
    2024right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$101
    2024other current assets$75
    2024other noncurrent assetsMore than one value recorded for this year — open the FDD source before comparing$168
    2024noncurrent insurance claims$422
    2024current portion of lease liabilities$27
    2024other accrued liabilities$348
    2024deferred income tax liability, net$60
    2024selling, general and administrative expenses$765
    2024adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$107
    2024purchase of businesses, net of cash acquired, and equity securities-$114
    2024trade accounts payable and other accrued liabilities-$11
    2024repurchases of common stock, including excise taxes-$56
    2024changes in book cash overdrafts$41
    2023revenues$8,096
    2023selling, general and administrative expenses$573
    2023amortization of intangible assets$77
    2023income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing$4
    2023interest expense-$82
    2023income before income taxes$331
    2023income tax provision-$80
    2023comprehensive income$258
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$251
    2023deferred income taxes-$5
    2023share-based compensation expense$31
    2023provision for bad debt$3
    2023loss on sale of assets-$0
    2023income from unconsolidated affiliatesMore than one value recorded for this year — open the FDD source before comparing-$4
    2023distributions from unconsolidated affiliates$2
    2023change in fair value of contingent consideration-$46
    2023changes in operating assets and liabilities, net of effects of acquisitions trade accounts receivable and costs incurred in excess of amounts billed-$153
    2023prepaid expenses and other current assets-$7
    2023right-of-use assets$2
    2023other noncurrent assets$34
    2023trade accounts payable and other accrued liabilities-$4
    2023insurance claims$5
    2023net cash provided by operating activities$243
    2023cash flows from investing activities additions to property, plant and equipment-$53
    2023proceeds from sale of assets$3
    2023net cash used in investing activities-$62
    2023cash flows from financing activities taxes withheld from issuance of share-based compensation awards, net-$11
    2023repurchases of common stock, including excise taxes-$138
    2023borrowings from debt$1,179
    2023repayment of borrowings from debt-$1,136
    2023changes in book cash overdrafts-$20
    2023financing of energy savings performance contracts$1
    2023effect of exchange rate changes on cash and cash equivalents$2
    2023net increase-$4
    2023cash and cash equivalents at end of year$70
    2023operating expenses$7,038
    2023dividends paid-$58
    2023long-term lease liabilities-$6
    2023adjustments to reconcile net income to net cash provided by operating activities depreciation and amortization$121
    2023other comprehensive-$1
    2023total adjustments-$8
    2023operating profit$410
    2023foreign currency translation and other$7
    2023repayment of finance lease obligations-$3
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$251
    2023discount accretion on insurance claims$0
    2023purchase of businesses, net of cash acquired, and equity securities-$12
    2023net cash used in financing activities-$186
    2023cash and cash equivalents at beginning of year$73
    —abm consolidated trade accounts receivable, netMore than one value recorded for this year — open the FDD source before comparing$1,384
    —abm consolidated property, plant and equipment, netMore than one value recorded for this year — open the FDD source before comparing$151
    —abm consolidated other intangible assets, netMore than one value recorded for this year — open the FDD source before comparing$243
    —abm consolidated accrued taxes other than incomeMore than one value recorded for this year — open the FDD source before comparing$56
    —income tax provision on other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$2
    —income tax provision on other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$0
    —operating cash-flow change in other noncurrent liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$38
    —operating cash-flow change in other noncurrent liabilitiesMore than one value recorded for this year — open the FDD source before comparing$4
    —abm consolidated accrued taxes other than incomeMore than one value recorded for this year — open the FDD source before comparing$48
    —abm consolidated property, plant and equipment, netMore than one value recorded for this year — open the FDD source before comparing$177
    —abm consolidated trade accounts receivable, netMore than one value recorded for this year — open the FDD source before comparing$1,471
    —abm consolidated other intangible assets, netMore than one value recorded for this year — open the FDD source before comparing$282
    —income tax provision on other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$6
    —operating cash-flow change in income taxes payable$15
    —operating cash-flow change in other noncurrent liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$4

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

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    At a glance

    Business history

    Not reviewed

    Owner participation

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    Territory language

    Litigation disclosure

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    Bankruptcy disclosure

    Not reviewed

    Agreement term

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    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.