Getting household tasks done can be difficult for people who live alone, especially the elderly. Plus, you don’t want to let just anyone into your home. Hidrent is a handyman service that puts those in need in touch with off-duty firefighters, for a price. Will the sharks love this idea after it was pitched on
Shark Tank Hidrent Update
- Entrepreneur: Dave Heimbuch
- Business: Firefighter contractor service for home projects
- Ask: $300,000 for 8% equity
- Result: $300,000 for 33.3% equity
- Shark: Robert Herjavec and Lori Greiner
Dave Heimbuch once hired a contractor on an app. He’d worked on software before, including other tech startups, so when his brother-in-law told him that firefighters (like himself) do household tasks for people all the time, Dave knew what his startup would be.
Hidrent is a contractor service where you can list household jobs such as moving furniture and hanging pictures. Firefighters, who are already trusted members of the community, can accept the jobs. They’ll come to your home, help you out, and you can pay them via the app.
Lori Greiner thinks it’s a brilliant idea and asks about their sales. Hidrent has made $850,000 since it launched in 2018, and $320,000 of that is year-to-date sales. The app takes 23% of the revenue from each job. Currently, they are only available in Phoenix and Tampa.
Nirav Tolia, the software mogul, would be the obvious choice for this deal. However, he says he knows how rough it is to get started in this field. Nextdoor, his big app, wasn’t so different. He’s spent a decade building it up, and he’s just not willing to go on that journey again. He’s out for this reason.
Mark Cuban doesn’t think this is a business that will allow the entrepreneur to control his destiny, so he drops out as well. Robert Herjavec says that he doesn’t know by the name that it’s a contractor service and thinks that he can help with the target audience. He makes an offer: $300,000 for 20% of the business.
Kevin O’Leary loves the idea, but he doesn’t want to take the journey, so he drops out. This leaves Robert’s offer on the table, but Lori Greiner hasn’t said anything yet.
Lori says she would love to go in with Robert, but she wants to change the name. Together, she and Robert offer $300,000 for 35% of the business. Dave counters with Robert’s original offer for 20%, but they say they need more. The lowest they’ll go is 33.3%.
After a moment’s hesitation, he accepts. Where is the company now? Keep reading our Hidrent update to find out.
Hidrent has been featured in a lot of publications, including CBS, Fox, Yahoo! Finance, and CNBC. They still haven’t changed the name as Lori wanted. However, our Hidrent update research uncovered a new nationwide availability. Now, as long as there is a registered firefighter in your area, you can use the app to hire them.
Its website lists some of the services they offer, such as installing new light fixtures, moving furniture, hanging holiday lights, and more. We’re sure that this idea will take off with Lori and Robert’s backing and we will be sure to update you with any new information that we find out.
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