"I would like to go in with Robert" — When Shark Tank investor Lori Greiner signed a deal with Hidrent

On November 21, 2021, in Shark Tank, Season 13 Episode 6, businessman Dave Heimbuch unveiled Hidrent, a cutting-edge app that matches homes with off-duty firefighters for a range of handyman jobs. Heimbuch requested a $300,000 investment in return for 8% of his business. The Sharks Robert Herjavec and Lori Greiner made a joint offer of $300,000 for 33.3% equity, which Heimbuch accepted after he presented his business plan and prospects for expansion.

The Sharks were intrigued by the novel idea of hiring dependable firefighters for home services, acknowledging both the dependability it offered to customers and the supplemental income it provided to firefighters. During the pitch, Heimbuch pointed out that Hidrent had made $850,000 since its launch in 2018, with $320,000 earned in year-to-date sales at the time of filming.

Although guest Shark Nirav Tolia declined to invest, citing concerns about scaling the business, Herjavec and Greiner saw potential and extended their joint offer, which resulted in a successful agreement.

"I have a very soft spot for firemen." Lori continued, "I love it. I would like to go in with Robert."

Ever since the deal, Hidrent has seen significant growth in its revenue. With a recurring customer rate of more than 35%, the company completed over 4,000 jobs and extended its services across the country.

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When Hidrent appeared on Shark Tank Season 13 Episode 6

In Shark Tank Season 13 Episode 6, businessman Dave Heimbuch presented Hidrent, a cutting-edge app that links off-duty firefighters with community members in need of help with a variety of jobs. The platform provides services like handyman work, yard upkeep, and gutter cleaning, utilizing the trustworthiness and expertise of firefighters to guarantee quality and dependability.

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Dave Heimbuch's pitches Hidrent

During Season 13 of Shark Tank, businessman Dave Heimbuch introduced Hidrent, requested $300,000 for an 8% equity stake, valuing the company at about $3.75 million. At the time of his pitch, the owner revealed Hidrent had made $850,000 since its 2018 launch, with $320,000 made this year. The app charges homeowners $72 per hour, pays firefighters $60 per hour, and keeps a 23% commission on each job.

Impressed by the pitch, Robert Herjavec made a $300,000 offer for 20% shares. Lori Greiner, who was also interested in the company, suggested a joint offer, which made Herjavec change the offer to $300,000 for 35% equity. The Sharks held steady at 33.3%, despite Heimbuch's 20% counteroffer. In the end, Heimbuch agreed to the terms, obtaining $300,000 in exchange for a 33.3% ownership share with the two experts.

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Hidrent update post Shark Tank

Hidrent, the cutting-edge network that links homeowners in need of help with off-duty firemen, announced a major rebranding on 13 November 2024. The firm is now called Helpful Heroes. This modification demonstrates their continued dedication to offering reliable and knowledgeable assistance for a range of home renovations.

Since its appearance on Shark Tank, Helpful Heroes has grown significantly. The business successfully increased its reach and influence by branching out beyond its original market in Dallas to other places like Phoenix and Tampa. This growth has made it possible for additional off-duty firefighters and EMTs to volunteer, offering dependable support to a larger clientele.

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Keep watching more such deals of Shark Tank on ABC.