Nick Friedman and Omar Soliman started a junk removal and moving service business called “College Foxes Packing Boxes”. They asked sharks for $250k for 25% equity. Their first business is a franchise called “College Hunks Hauling Junk”, which is the fastest-growing junk removal company in the United States.
Their first business is already successful, but they are seeking investment from sharks for their second business venture. What do you think, will the Sharks invest in this new business or will they be more interested in “College Hunks Hauling Junk”? To find out, let’s read further.
| Company Name | College Foxes Packing Boxes | |
| Founder/Co-Founder | Nick Friedman and Omar Soliman | |
| Founded | 2009 | |
| Product | Junk Removal And Moving Service | |
| Asked For | $250K for 25% equity | |
| Final Deal | No Deals | |
| Shark | No Sharks | |
| Episode | S1 E1 | |
| Air Date | Aug 16th, 2009 | |
| Business Status | Out of Business | |
| Website | Visit Website | |
| Headquarters | Tampa, Florida, United States | |
| Lifetime Sales | $0M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
College Foxes Packing Boxes Shark Tank Recap
Nick and Omar revealed that their Hunk business was the fastest-growing junk removal franchise business in 2009. However, their already successful business was not part of this deal. In response, Kevin O’Leary said, “We’re not idiots here.”
Last year, their Hunk business had sales of $500,000 with a 20% profit margin. Kevin O’Leary offered $250k for 51% of their both business. The Sharks want Foxes and Hunks to combine into one offer, after which they can proceed further with the deal.
Nick and Omar both went backstage to discuss and came back to the Sharks asking for $1 million for 10% equity at a $10 million valuation. Kevin O’Leary told them, “You’re wearing those ties because you’re pigs. Pigs get slaughtered.” He also said that Nick and Omar had asked for a ridiculous valuation, and he suggested that the business might be worth around $600,000.
Kevin O’Leary, Daymond John, Kevin Harrington, and Barbara Corcoran all declined to invest in this business. Robert Herjavec offered $250k for a 10% equity stake in Hunks plus a 50% equity stake in the Foxes business. Nick and Omar declined to accept Robert’s offer.
Sharks Offers list!
| Sharks | Offers |
|---|---|
| Kevin Harrington | No Offer |
| Kevin O’Leary | No Offer |
| Robert Herjavec | No Offer |
| Barbara Corcoran | No Offer |
| Daymond John | No Offer |
| Founder’s (Countered) | No Counter |
| Final Deals | No Deals |
College Foxes Packing Boxes Shark Tank Update
After Shark Tank, Nick and Omar decided to shut down this business. They started focusing full-time on College Hunks Hauling Junk, and by May 2024, they had opened 232 franchises across 40 states in the United States.
Currently, they are generating over $200 million in revenue annually. According to the company’s website, over their 15 years in business, they have donated over 4 million meals. Recently, they opened their first international franchise in Edmonton, Alberta, Canada.
Do you want more updates on Shark Tank businesses? Below, you might find progress reports of your favorite businesses.
