Hidrent Handyman App On Shark Tank Update – Shark Tank Season 13
Featured on Shark Tank
Hidrent Handyman App On Shark Tank Season 13
Hidrent is a service that connects off-duty firefighters with homeowners in need of reliable help for various home projects. Founder Dave Heimbuch believes that firefighters’ trustworthiness and skillsets make them ideal contractors for tasks like moving furniture or installing ceiling fans. Dave successfully secured an investment from Robert Herjavec and Lori Greiner, who jointly offered $300,000 for 33.3% equity. Summary:
- Company Name: Hidrent
- Founder: Dave Heimbuch
- Founded: 2018
- Product: Home project services by off-duty firefighters
- Asked For: $300,000 for 8% equity
- Final Deal: $300,000 for 33.3% equity with Robert Herjavec and Lori Greiner
- Season/Episode (Shark Tank USA): Season 13, Episode 6
- Business Status: In Business
- Headquarters: Plano, Texas, USA
- Lifetime Worth (Sales): Estimated $1.5M
- Investors: Robert Herjavec, Lori Greiner
- Go To Amazon: Check Now
- Watch On: Amazon Prime
Shark Tank Pitch
- Satisfaction Guaranteed
- No Hassle Refunds
- Secure Payments
Description
Hidrent Handyman App On Shark Tank Update – Shark Tank Season 13
Hidrent, the handyman app connecting off-duty firefighters with individuals needing assistance for household tasks, appeared on Shark Tank during Season 13.
Founder Dave Heimbuch sought $300,000 for an 8% equity stake and ultimately secured a deal with Lori Greiner and Robert Herjavec for $300,000 in exchange for 33.3% equity.
Here are the key points about Hidrent’s performance on the show and its subsequent updates:
Shark Tank Appearance
- Entrepreneur: Dave Heimbuch
- Business: Hidrent, a handyman service connecting homeowners with off-duty firefighters
- Ask: $300,000 for 8% equity
- Result: $300,000 for 33.3% equity
Key Points from the Pitch
- Concept: Hidrent allows homeowners to hire firefighters for tasks like moving furniture, hanging pictures, and other household projects.
- Revenue: Hidrent had made $850,000 since its launch in 2018, with $320,000 in year-to-date sales.
- Operations: Initially available only in Phoenix and Tampa, Hidrent expanded to offer nationwide availability and phone booking services.
Shark Tank Offers and Negotiations
- Robert Herjavec: Offered $300,000 for 20% equity.
- Lori Greiner: Initially out, but later joined Robert’s offer, suggesting $300,000 for 35% equity. Dave countered with Robert’s original offer of 20%, but the sharks insisted on 33.3%. Dave accepted this offer.
Post-Shark Tank Updates
- Revenue: Hidrent has achieved over $1 million in revenue since its founding.
- Expansion: The service now offers nationwide availability and phone booking services, making it easier for homeowners to find nearby firefighters for help.
- Customer Feedback: Users have praised the service for its ease of use and the trustworthiness of the firefighters involved.
Criticisms and Concerns
- Some viewers expressed concerns about the lack of licensing and insurance checks for the firefighters, potentially leaving homeowners vulnerable to subpar work or accidents.
- There were mixed opinions about the deal terms, with some feeling that the 33.3% equity offered was too high.
