College Foxes Packing Boxes is a junk removal and packing service franchise business founded by Nick Friedman and Omar Soliman. Another Successful name of this business is “College Hunks Hauling Junk” which is already very popular in America.
Omar Soliman got the idea for this business from a customer who came to his mother’s furniture store. Initially, he made approximately $8,000 by providing junk removal services.
Nick Friedman and Omar Soliman participated in a “Young Entrepreneurs” contest at their college and won the first prize of $10,000.
They need more investment to grow their franchise business. They need more investment to grow their franchise business. They appeared in Shark Tank Season 1 Episode 1 and asked the Sharks for $250,000 for 25% equity at a $1 Million Valuation.
What Is College Foxes Packing Boxes?
College Hunks Packing Boxes is a Junk Removal and Packing Service Franchise Business Model and another business is “College Hunks Hauling Junk”.
They provide Local Moving, Long Distance Moving, Apartment Moving, Commercial Moving, and Residential Moving Services along with Junk Removal. The prices of junk removal and moving are different, you will be able to know clearly on their website.
|College Foxes Packing Boxes
|Nick Friedman and Omar Soliman
|$250k for 15% equity
|Episode (Shark Tank USA)
|Aug 9th, 2009
|Tampa, Florida, USA
|Annual Worth (Sales)
|Buy and Watch
Another Shark Tank Pitch
Who Is The Founder Of College Foxes Packing Boxes?
The co-founders of College Foxes Packing Boxes business are Nick Friedman and Omer Soliman. These two college friends started this business in 2005.
Both of them started their own business after completing graduation from Pomona College.
How Was The Shark Tank Pitch Of College Foxes Packing Boxes?
Friedman and Soliman both entered Shark Tank and got $250k from Sharks for 25% equity. They explained their business to the sharks and how it works. This business had a net profit of $500,000 last year and a profit margin of approximately 20%.
Kevin O’Leary offered $250k for 51% equity in existing business. They demanded $1 million in exchange for 10% equity in the entire company.
Robert Herjavec offered $250k for 10% equity in Hunks and 50% equity in Foxes but Friedman and Soliman did not agree to the offer.
|$250k for 51% equity (#1)
|$250k for 10% equity in Hunks and 50% equity in Foxes (#1)
What Happened To College Foxes Packing Boxes After Shark Tank?
College Foxes Packing Boxes didn’t get a deal on Shark Tank, but their “College Hunks Hauling Junk” business got a free promotion. After Shark Tank, the business of “College Hunks Hauling Junk” started growing very fast.
In July 2016, they launched the first international moving and junk removal franchise in Canada. In 2019, the value of this business reached $100 million.
“College Hunks Hauling Junk” has received a minority investment from Susquehanna Private Capital (Susquehanna), as announced in a July 2021 press release.
What’s new on College Foxes Packing Boxes
Last Update: January, 2024
By 2022, the company was worth $210 million. By January 2024, this Hunks business has 200 franchises and the United States and Canada together are earning $250 million in revenue annually.
College Foxes Packing Boxes Shark Tank Update
College Foxes Packing Boxes Didn’t Get the Deal on Shark Tank. This business pitch was brought to Shark Tank as a backend bone of the “College Hunks Hauling Junk” business. Hunks Business is providing service in the entire United States.
What Is College Hunks Hauling Junk Net Worth?
College Hunks Hauling Junk’s net worth is estimated at $100 million. The essential junk removal industry is growing rapidly. The market size of this industry in the United States is estimated to be $50 billion in 2024.
Is College Foxes Packing Boxes Still In Business?
College Foxes Packing Boxes is not active yet. This business is known as College Hunks Hauling Junk. The founders are currently focusing on the Hunks business to expand to more countries in Europe.
Hunks Business is headquartered in Tampa, Florida, United States, and employs 501-1,000 people.
Yes, College Hunks Hauling Junk is still in business as of January 2024.
frequently asked questions
Who founded College Hunks Hauling Junk?
College Hunks Hauling Junk was founded by Nick Friedman and Omar Soliman.
Did College Foxes Packing Boxes get a deal on Shark Tank?
No, College Foxes Packing Boxes Didn’t Get the Deal on Shark Tank.