101816_YKBP_A10.pdf
Where we began to our newest expansion
Thirty six years ago, Larry Olson was a young man working for the Montgomery Ward tire center in Yankton, part time and sometimes full time, and the
company closed its’ doors putting Larry in quite a dilemma.
Larry was given an opportunity through a friend to enroll in a federal program called “CEDA”. This
program offered vocational training to young men who had earned less than $600 in the previous six
months.
In Larry’s first year of training he became the best student out of twenty-two who were enrolled and
he studied HVAC (heating, ventilation, air conditioning). After his first year the CEDA funds expired and
Larry was expected to pay for his second year’s tuition, but with no money available he was forced to quit
school.
While working at the tire store Larry met his future wife Peggy. Neither of them had much money, Peggy
was cleaning motel rooms
and after they were married,
Larry’s first store front business in 1981 she worked at Kmart.
In 1981 Peggy and Larry
pooled their meager resources and paid $180 for the first month’s rent on a small house in
Yankton, located at 416 Burleigh. They chose this particular house because it had a double
garage where Larry could work on appliances and HVAC equipment. Although it had just a
dirt floor – it was a start.
Larry spent the last of his money, $20, on some business cards and he also took out some
... and we grew larger
small ads in the classified section of the newspaper letting people know that he would service their HVAC any
time, day or night. His service business grew because his competitors would not work on weekends or offer service
in the middle of the night.
To this day when a customer calls for service, day or night, a human
voice answers the phone, 24 hours a day. Larry and his staff pride
themselves on offering 24 hour service.
Larry and Peggy bought an old van that cost a whopping $300 and
after three years in the service business they were also able to buy a
bigger home with a shop.
This was the start of their appliance business. No store front, but
word of mouth advertising brought people to their shop, buying good
used appliances. Peggy now worked full time in the business, answering phones, taking care of the books and still finding time to raise two
children.
They soon enlarged the shop by 2,000 sq. ft. and bought the propAs of today, located at 920 Broadway
erty. This allowed them to purchase some Admiral and
Crosley appliances and they were in the new appliance business.
Their next move was into a store front. Larry and Peggy talked the local bank into financing a building with 4500 sq. ft. It was two stories high and they added more
people and became a Maytag dealer. The first year in the store their business soared. Larry then added another 1700 sq. ft. to the property.
Never content to stand still, the poor boy from the plains of South Dakota wanted a bigger store. In 1997 they looked at a corner supermarket store that had been
empty for years. It was run down and needed complete restoration but that didn’t matter to Larry, it was the square footage and the visibility he wanted – the location at
920 Broadway, Yankton has been home for over 20 years.
Larry liked the idea of adding furniture and in 1998 they purchased the Slumberland franchise. With the Heating & Cooling, Appliance, and Furniture, they employ
more than 30 people and are always looking for more honest, hard working people.
Larry and Peggy’s business just keeps growing, and Larry says, “All I ever wanted was to help people.” And that’s just what they’ve done for 36 years.
$ave Money on Your
Heating Bills this Winter
with our Customer Care Club
Our newest expansion, opening in 2017
Make sure your house is safe and ready for winter
– call us for a fall furnace safety inspection –
Call the Professionals: 605-665-9461
Thank you to our customers for your business over the past 36 years - because of you and future customers like you,
we are able to make this expansion. We look forward to continuing to serve you -Larry and Peggy Olson
You Can Be This Comfortable
Spring, Summer, Fall & Winter!
With a new comfort system from..
2500** in incentive savings
$
or 4 years no interest*
*With approved credit, certain restrictions apply. See store for details.
** Manufacturer rebates & utility rebates
Start to Finish
Larry’s Can Provide
a Complete Installation
? Gas Inserts ? Gas Fireplaces
? Wood Burning ? Gas Stoves
? Venting ? Gas Piping
? Wood Mantels
? Cultured or Natural Stone Mantels
HEATING & COOLING
920 Broadway, Yankton • 665-9461 • www.larrysheatingandcooling.com