Hidrent

Off Duty. On Demand.

Hidrent

Off Duty. On Demand.

Prosper, TX
Professional Services
Hidrent is the only on-demand home service company partnered with the IAFF-FC that is dedicated exclusively to helping firefighters supplement their incomes during their off-duty days. We connect firefighters with homeowners and local businesses in need of “handyman-type” help that firefighters can complete in between shifts. We are a part of a large, growing, and fragmented industry. We have a business model similar to other gig labor platforms, but what makes us unique is our labor supply consists exclusively of off-duty firefighters, complete with extensive background checks through their primary careers.

$42,455

raised
69
Investors
$8.5M
Valuation
$0.57
Price per Share
$228.00
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$535K
Offering Max
Reg CF
Offering

$42,455

raised
69
Investors
$8.5M
Valuation
$0.57
Price per Share
$228.00
Min. Investment
Preferred
Shares Offered
Equity
Offering Type
$535K
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Hidrent:

$228+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Super Early Bird Bonus
Invest within the first two weeks and receive 15% bonus shares
2
days
11
hours
41
mins
18
secs
$500+
Investment
1st Perk
Invest $500+ and receive 3% Bonus Shares.
$2,500+
Investment
2nd Perk
Invest $2,500+ and receive 5% Bonus Shares.
$5,000+
Investment
3rd Perk
Invest $5,000+ and receive 10% Bonus Shares.
$10,000+
Investment
4th Perk
Invest $10,000+ and receive 15% Bonus Shares.
$25,000+
Investment
5th Perk
Invest $25,000+ and receive 20% Bonus Shares.

Reasons to Invest


  • Our mission is to become the most trusted source available for gig labor that simultaneously improves the financial well-being of our neighborhood firefighters.


  • The US on-demand home services sector currently stands at $600 billion. It has shown a steadfast growth during the pandemic, however it is extremely fragmented. Our largest competitor generated $1.62 billion in revenue last year, representing only 0.27% of the total addressable market.


  • A successful appearance on Shark Tank catapulted our company from regional to national overnight. The exposure was priceless and solidified our brand and service as safe, trustworthy, and reliable for all US homeowners.

Overview


Home service heroes

Firefighters are uniquely qualified to continue serving their community during their time off. Most firefighters work 24 hours on duty, followed by 48 hours off duty.


Hiring an off-duty firefighter will help to supplement their income and leverage their skills and expertise while homeowners get the help they need from someone they can trust to get the job done right.


Everyone has a to-do list at home. Now, you can hire a local trustworthy firefighter for your next home project. Off-duty firefighters will respond quickly to your request, and get the job done right. Furniture moving, gutter cleaning, hauling, hanging, and more – consider it done when you hire a trusted firefighter in your community.


Firefighters undergo a rigorous background check, so you know you’re hiring a safe, reliable, and trustworthy person to get the job done right. Enjoy the peace of mind of hiring a trusted professional to do quality work, on time, at a fair price.

The Problem


We are trying to bring trust back to our communities


We are looking to make “getting help while giving back possible”.


Unlike other home service marketplaces, Hidrent exclusively uses off duty firefighters who are dedicated to serving their communities to perform various household tasks.  


Firefighters undergo substantial background checks as part of their screening at the station where they work--much more extensive than a simple online screen that you will get elsewhere. 


As such, we do not need to do background checks on our firefighters. We do, however, perform employment checks to ensure only verified firefighters enter the Hidrent network.


The Solution


Hire a firefighter for your next home project


Hidrent is the only on-demand home service company partnered with the IAFF-FC that is dedicated exclusively to helping firefighters supplement their incomes during their off-duty days.


We connect firefighters with homeowners and local businesses in need of “handyman-type” help that firefighters can complete in between shifts.



With expertise and experience in a variety of disciplines, firefighters are looking for small projects to leverage their skillset during their time off.


Here’s a look at our extensive services:



We are a part of a large, growing, and fragmented industry. We have a business model similar to other labor/contractor service platforms, but what makes us unique is our labor supply consists exclusively of off-duty firefighters. Did we mention there are no bid fees either? This means that firefighters never have to pay to use our service, unless they get paid nor do they have to compete against other firefighters on pricing.


the market



Home service and home health are growing rapidly


The US on-demand home services sector currently stands at $600 billion. It has shown a steadfast growth during the pandemic, but it is extremely fragmented. Our largest competitor generated $1.62 billion in revenue last year, representing only 0.27% of the total addressable market.



Not to mention, people are aging in place longer, meaning senior citizens are most likely to use our services. We know this because the two largest population cohorts, Boomers and Millennials, are currently entering stages of life focused on home buying and on aging in place, respectively.

Our traction



Climbing the ladder 


Here is a look at some highlights leading to our growth:


Appearance on Shark Tank:

The successful appearance on Shark Tank catapulted our company from regional to national overnight. The exposure was priceless, and solidified our brand and service as safe, trustworthy and reliable for all US homeowners.



Partnered with the IAFF-FC:

In most two-sided marketplaces the supply side is the most difficult to fill and manage. The partnership with the IAFF-FC has essentially given us the opportunity to reach 325,000 firefighters with no acquisition costs. Equally important is the opportunity for us to now seamlessly donate a small percentage of our revenue to firefighter charitable foundations managed by the IAFF.



Launched new mobile app:

Our new mobile app will give our customers the ability to transact with Hidrent and communicate with firefighters at home, or on the go. Owning real estate on mobile devices also gives us better ways to communicate and retain customers who use our service.


All this and more has been helping our company climb the ladder towards market disruption, and thus, profit.


B2B Growth has exploded:

In addition to helping homeowners with small projects around the house, our firefighters also partner with businesses nationwide who need help fulfilling their labor demands as well.


Hidrent has partnered with businesses to assist with: construction, restoration, home health, non emergency medical transportation, moving and more.



Why invest



Trustworthy, safe, helpful--a win-win for all


Our mission is to become the most trusted source available for gig labor that simultaneously improves the financial well-being of neighborhood firefighters. Our goal is to be a household name, and the first place people go when they need help with a small project around the house.


Every firefighter should have the ability to perform at least one project a month through our platform to help supplement their income by an average of $250/job.


There are over 1.2 million firefighters in the US today. Given this and our proven business model with a unique, trustworthy labor supply we believe we have what it takes to disrupt the home services market. 

*The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.

In the Press

Good Morning Texas

Handy firefighters to the home task rescue with Hidrent App

FOX 7 Austin

Hidrent app helps people with odd jobs

CBS 4 Denver

Firefighters Use Hidrent App To Serve Community During Off Duty Hours

FOX 10 Phoenix

New app connects off-duty firefighters with people to complete tasks

WTOL 11 Toledo

Hidrent App links you up with off-duty firefighters for help around the house

Fox 19 Cincinnati

Hidrent connects you with local firefighters to complete your to-do list

ABC

Shark Tank Season 13 Episode 6

Offering Summary


Company

:

Hidrent Inc.

Corporate Address

:

961 Waterview Drive, Prosper, TX 75078

Offering Minimum

:

$9,999.51

Offering Maximum

:

$534,999.72

Minimum Investment Amount

(per investor)

:

$228.00











Terms


Offering Type

:

Equity

Security Name

:

Series Seed-1 Stock

Minimum Number of Shares Offered

:

17,543

Maximum Number of Shares Offered

:

938,596

Price per Share

:

$0.57

Pre-Money Valuation

:

$8,500,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Time-Based:

Friends and Family Early Birds

Invest within the first week and receive 20% bonus shares

Super Early Bird Bonus

Invest within the first two weeks and receive 15% bonus shares

Early Bird Bonus

Invest within the first four weeks and receive an 10% bonus shares

Volume Based:

$500+ | 1st Perk

Invest $500+ and receive 3% Bonus Shares.

$2,500+ | 2nd Perk

Invest $2,500+ and receive 5% Bonus Shares.

$5,000+ | 3rd Perk

Invest $5,000+ and receive 10% Bonus Shares.

$10,000+ | 4th Perk

Invest $10,000+ and receive 15% Bonus Shares.

$25,000+ | 5th Perk

Invest $25,000+ and receive 20% Bonus Shares.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Hidrent will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series Seed-1 Stock at $0.57 / share, you will receive 110 Series Seed-1 shares, meaning you'll own 110 shares for $57. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$187,144.00 USD
$59,082.00 USD
Cash And Cash Equivalents
$147,494.00 USD
$18,529.00 USD
Accounts Receivable
$33,816.00 USD
$40,349.00 USD
Short Term Debt
$265,574.00 USD
$323,222.00 USD
Long Term Debt
$557,000.00 USD
$44,802.00 USD
Revenues And Sales
$429,438.00 USD
$261,786.00 USD
Costs Of Goods Sold
$408,174.00 USD
$229,623.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$320,506.00 USD
-$229,207.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

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