The end of the college year brings a golden opportunity for one young entrepreneur.

More from FOX's Paul Stevens:

22-year-old Mitch Newlin, an Economics major at Bates College in Lewiston, Maine, turning the end of the school year into cash.

Newlin appalled, two years ago as a freshman, at seeing many dorm refrigerators being left behind. That site inspiring him to start "Re-Fridge", a company that buys dorm refrigerators at the end of the school year and sells them to incoming students the next year.

Newlin's company branching out to 17 colleges in Maine, Vermont and Massachusetts, with expected revenues of $70,000. Newlin also hiring students at the other colleges to pick up and deliver those re-sold refrigerators.

Paul Stevens, FOX News.

Follow the company Re-Fridge on Twitter: @refridgeUS