College Hunks Packing Boxes is part of the College Hunks franchise, which includes services for junk removal and packing. Another business under the same brand is College Hunks Hauling Junk.
They offer a variety of services, including local moving, long-distance moving, apartment moving, commercial moving, and residential moving, as well as junk removal. The prices for junk removal and moving services vary, and you can find detailed pricing information on their website.
Company Name | College Foxes Packing Boxes | |
Founder | Nick Friedman and Omar Soliman | |
Founded | 2005 | |
Product | Homestyle Pie | |
Asked For | $250k for 15% equity | |
Final Deal | No Deals | |
Shark | No Sharks | |
Episode (Shark Tank USA) | S1 E1 | |
Air Date | Aug 9th, 2009 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Tampa, Florida, USA | |
Annual Worth (Sales) | $250M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of College Foxes Packing Boxes?
The co-founders of College Hunks Packing Boxes are Nick Friedman and Omer Soliman. These two college friends launched the business in 2005 after graduating from Pomona College.
How Was The Shark Tank Pitch Of College Foxes Packing Boxes?
Friedman and Soliman appeared on Shark Tank and secured a deal of $250k for 25% equity. They explained their business model to the sharks, revealing that the business had a net profit of $500,000 the previous year, with a profit margin of around 20%.
Kevin O’Leary made an offer of $250k for 51% equity in the existing business. However, Friedman and Soliman were seeking $1 million in exchange for 10% equity in the entire company.
Robert Herjavec offered $250k for 10% equity in College Hunks and 50% equity in College Foxes, but Friedman and Soliman did not agree to this offer.
Sharks | Offers |
---|---|
Barbara Corcoran | No Offers |
Kevin O’Leary | $250k for 51% equity (#1) |
Robert Herjavec | $250k for 10% equity in Hunks and 50% equity in Foxes (#1) |
Daymond John | No Offers |
Kevin Harrington | No Offers |
Founder’s (Countered) | No Counter |
Final Deals | No Deals |
College Foxes Packing Boxes Shark Tank Update
College Foxes Packing Boxes did not secure a deal on Shark Tank, but their related business, College Hunks Hauling Junk, received free promotion. After the episode aired, College Hunks Hauling Junk experienced significant growth.
In July 2016, the company launched its first international moving and junk removal franchise in Canada. By 2019, the business had reached a valuation of $100 million.
In July 2021, College Hunks Hauling Junk received a minority investment from Susquehanna Private Capital, as announced in a press release.
By 2022, the company’s value had grown to $210 million. As of January 2024, College Hunks Hauling Junk operates 200 franchises across the U.S. and Canada, generating $250 million in annual revenue.
While College Foxes Packing Boxes did not get a deal, it serves as a complementary part of the College Hunks Hauling Junk business, which provides services throughout the United States.
What Is College Hunks Hauling Junk Net Worth?
College Hunks Hauling Junk is estimated to have a net worth of $100 million. The junk removal industry, which is essential and rapidly growing, has a projected market size of $50 billion in the United States by 2024.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2024 | $250M *estimated |
2023 | $220M *estimated |
2022 | $210M *estimated |
2021 | $190M *estimated |
2019 | $100M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
N/A | N/A | N/A |
Yes, College Hunks Hauling Junk is still in business as of January 2024.