Getting household tasks done can be difficult for people who live alone, especially the elderly. Plus, you don’t want to let just any random stranger into your home. Dave Heimbuch’s company Hidrent is a handyman service that connects those in need with trustworthy off-duty firefighters, for a price. After pitching the product on
If you’re short on time, here’s a quick overview of what happened to Hidrent after
Dave Heimbuch appeared 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
- Sharks: 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, he came up with the idea for Hidrent.
Hidrent is a handyman 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 and help you out, and then get paid 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. As of filming, 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 of the business 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 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.
Citing a love for firefighters, Lori wants to go in with Robert but notes the company needs a name change. Together, she and Robert offer $300,000 for 35% of the business.
Dave counters with Robert’s original offer of 20%, but the sharks say they need more. The lowest they’ll go is 33.3%.
After a momentary hesitation, he accepts. Was this a good deal for the sharks? Keep reading our Hidrent update to find out.
While it looks like they haven’t changed the name as Lori wanted, Hidrent does have a sleek new logo and branding.
Our Hidrent update research found that it looks like they’ve expanded beyond Phoenix and Tampa with a new nationwide availability. Now, as long as there is a registered firefighter in your area, you can use the app to hire them.
The Hidrent website lists some of the services they offer, such as installing new light fixtures, moving furniture, hanging holiday lights, and more. They also provide a phone booking service, making it easier for tech-averse seniors to connect with a local firefighter.
While Hidrent has garnered some good press coverage including CBS, Fox, Yahoo! Finance, and CNBC, it doesn’t yet have a large social media presence. Despite this, they’ve still been able to expand their user base and retain repeat customers.
With over $1 million in revenue since the company started, Hidrent is on the right track to become a go-to digital handyman service.
If we get more news on a Hidrent update, we will let you know!
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!