Very few, if any, of the 2 million people living in Las Vegas could bear one summer without air conditioning. That's what makes Ken Goodrich's business somewhat recession-proof.
Goodrich, a graduate of Clark High School and the University of Nevada, Las Vegas, founded Yes Air Conditioning and Plumbing, a company specializing in air conditioner repair and service.
When the weather heats up, so does his business.
"We generate most all of our profit from April 15 to September 15 and the whole goal is to hold on to it for the rest of the year," Goodrich said at his new 20,000-square-foot office and warehouse in the Buffalo-215 Business Park.
Goodrich has built a small empire in the heating, ventilation and air conditioning, or HVAC, industry in Las Vegas. He started Racee Air Conditioning in 1986, then purchased Lang Refrigeration and Economy Air Conditioning, turning the faltering businesses around and selling them for $3.5 million to competitor American Residential Services in 1997.
During a noncompete period with ARS, Goodrich developed several commercial projects in Las Vegas, and bought and restored more than 100 foreclosed homes.
He founded Yes Air Conditioning in 2000, acquired two other HVAC businesses in Las Vegas and Phoenix, and again sold them to ARS in 2008 for roughly $35 million. Goodrich was retained as
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