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What is Hidrent?
Hidrent is an app that helps homeowners get things done around the house. It connects them with off-duty firefighters who can assist with tasks like moving furniture or installing light fixtures.
It’s easy to use and available across the country, making it convenient for anyone who needs a hand with household projects.
Company Profile: Hidrent
| Overview | Hidrent connects homeowners with off-duty firefighters for home tasks. |
|---|---|
| Mission Statement | Empowering homeowners while supporting firefighters. |
| Services Offered | Furniture moving, light installation, repairs, and more. |
| Key Features | Easy app interface, nationwide availability, trusted firefighters, transparent pricing, simple booking. |
| Founder | David Heimbuch |
| Background | Heimbuch, with a marketing background, founded Hidrent after marrying into a firefighter family. |
| Founding Hidrent | Launched in 2018 to help firefighters earn extra and assist homeowners. |
| Shark Tank Appearance | Pitched on Shark Tank in 2021, securing a deal for $300,000. |
| Post-Shark Tank Success | Gained popularity, media attention, $430,000 revenue in 2021, partnerships, valued at $8.5 million. |
| Future Outlook | Projects over $1 million revenue in 2023, aiming for continued growth. |
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Hidrent Shark Tank Net Worth
The estimated net worth of Hidrent following its appearance on Shark Tank is around $2.5 million. Additionally, the company reportedly achieves monthly sales exceeding $5,000.
Hidrent’s business model is straightforward: it connects homeowners with off-duty firefighters for various household tasks.
Homeowners can request services like moving furniture or installing light fixtures through the Hidrent app. Off-duty firefighters, trusted members of the community, can accept these tasks and earn extra income.
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Founder Story
David Heimbuch, the founder of Hidrent, comes from a marketing and digital sales background. Originally from Dallas, Texas, he graduated from the University of Nebraska-Lincoln in 1994.
After working with various tech companies like YuMe and Photobucket Inc., David married into a family of firefighters. Through conversations with his firefighter brother-in-law, he realized the financial challenges many firefighters faced despite their heroic work.
Inspired by their dedication, David saw an opportunity to create Hidrent in 2018. His idea was to connect homeowners with off-duty firefighters for household tasks and repairs.
With Hidrent, David wanted to make it easy for people to find reliable help while giving firefighters extra income opportunities outside of their regular duties.
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Shark Tank Appearance
During Hidrent’s appearance on Shark Tank, founder Dave Heimbuch pitched the idea of connecting homeowners with off-duty firefighters for household tasks.
The Sharks seemed interested right away, especially Lori Greiner and Robert Herjavec. They saw the potential in Hidrent and the value it could bring to communities. As Dave shared the company’s revenue and growth plans, I could see the Sharks becoming more engaged.
However, there were some concerns raised, particularly about the scalability of the business and the potential competition. Mark Cuban even questioned whether Dave could control the company’s destiny.
In the end, Robert Herjavec made an offer of $300,000 for 20% of the business, which seemed like a good deal. But Lori Greiner wanted to partner with Robert and proposed a joint offer of $300,000 for 33.33% of the business.
After some negotiation, Dave accepted their offer, and I felt excited to see Hidrent take off with the support of two Sharks.
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Social Handles
Here are the social media handles for Hidrent:
- Facebook: @hidrentofficial
- Twitter: @hidrent_app
- Instagram: @hidrent_app
- LinkedIn: linkedin.com/company/hidrent
You can follow Hidrent on these platforms to stay updated on their latest news, promotions, and services.
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Frequently Asked Questions
Hidrent is an app that connects homeowners with off-duty firefighters for various household tasks.
Homeowners can use the Hidrent app to request services such as furniture moving, light installation, and repairs. Off-duty firefighters, who are trusted members of the community, can accept these tasks and earn extra income.
The founder of Hidrent is David Heimbuch, who developed the app in 2018.
Hidrent typically charges a fee for connecting homeowners with off-duty firefighters, taking a percentage of the revenue generated from each completed job.
Hidrent’s estimated net worth is around $2.5 million.
Yes, Hidrent appeared on Shark Tank and secured a deal with investors Lori Greiner and Robert Herjavec.
