Villy Custom Bikes Shark Tank Update | Villy Custom Bikes after the Shark Tank

What is Villy Custom Bikes?

Villy Custom, based in Dallas, Texas, is a lifestyle company that specializes in creating deluxe custom fashion cruiser bicycles for adults.

Founded in 2008 by Fleetwood Hicks, who is a former menswear designer and fitness enthusiast, the private business has gained recognition as one of the 100 Most Excellent Business Ideas of 2010 by Entrepreneur Magazine.”

Who is the Founder of Villy Custom Bikes?

Fleetwood Hicks, an avid cyclist since childhood, discovered the appeal of beach cruisers during a business trip to Los Angeles in 2006.

After falling in love with the simplicity, comfort, and style of the bikes, he went on to establish Villy Custom Bikes in 2008.

He used his background in fashion design and his personal interest in bike modification to create luxury custom bicycles for customers, and was recognized as one of the top 100 business ideas of 2010 by Entrepreneur Magazine.

What Happened to Villy Custom Bikes at Shark Tank Pitch?

Fleetwood Hicks appeared on Shark Tank seeking $500,000 in exchange for a 33% stake in his company, Villy Custom Bike Company.

He mentioned that his sales in 2010 were $250,000 and he incurred no advertising costs.

He aimed to establish a fashion accessory business through his bikes. Daymond liked the designs, but did not want to be involved in the bike industry and thus declined.

Kevin also declined, while Robert liked the bikes and the concept, but not the price and also declined.

Mark and Barbara both expressed interest in Villy Custom and ultimately agreed to invest $500,000 for 42% equity share of the company after negotiations. Hicks agreed to the deal and the investment was made.

What Happened to Villy Custom Bikes after the Shark Tank?

After conducting due diligence, Mark and Barbara reached an agreement. Villy Custom Bikes has revamped their website and now sells over 100 bikes per week.

The company currently has a sales volume of $2 million and offers a corporate bike program.

Barbara was impressed by the company’s new space during her visit. Villy Custom Bikes has a stable financial history and predicts $3 million in revenue for 2021.

Villy Custom Bikes Net worth

The company valuation as of  2021 is estimated to $3 million.

FAQs of Villy Custom Bikes

What is Villy Custom Bikes?

Villy Custom Bikes is a lifestyle company based in the United States that mainly focuses in deluxe custom fashion cruiser bicycles for adults.

Who owns Villy Custom Bikes?

Fleetwood Hicks is the founder of Villy Custom Bikes.

When was it founded?

Villy Custom was established in 2008.

What is their offer on Shark Tank?

Fleetwood Hicks appeared on Shark Tank in search of $500,000 in exchange for a 33% stake in the company.

Did they get an offer?

Yes, Villy Custom received an offer of $500,000 in exchange for a 42% stake of the company.

Who invested on the company?

Mark Cuban and Barbara Corcoran

How much is Villy Custom Bikes worth?

The company valuation in 2021 has netted to $3 million.

How does Villy Custom Bikes make money?

The company makes money through bike sales, bike rental program, corporate bike program, corporate clothing service and customization of bikes.

What are the products sold by Villy Custom Bikes?

Bike models are Girl Cruiser Deluxe, Girl Cruiser Girl Edition & Girl Cruiser Girl Edition Pro.

What happened to Robert, Daymond and Kevin?

Robert, Daymond and Kevin are out of the deal because they did not want to work in the bike industry.

How the business model of the company?

Villy Custom has a retail store, corporate bike program and a bike rental program.

What is the estimated revenue of the company?

The company’s revenues have been consistent throughout the years, and it expects to generate $3 million in revenue in 2021.

How many employees does Villy Custom Bikes have?

There are 63 employees at present.

Is it legit?

Yes, Villy Custom Bikes is a totally legitimate company.

Is it the best business idea of Shark Tank?

It is one of the best business ideas on Shark Tank.

Is Villy Custom Bikes paying dividends?

No, Villy Custom Bikes is not paying any dividends.

How can I contact Villy Custom Bikes?

Villy Custom Bikes is an online company, so for more info one can check on their website www.villycustombikes.com.

Where do they sell their bikes?

Villy Custom Bikes sells their bikes in United States, Canada, Puerto Rico, United Kingdom, France and Mexico and many others.

Is Villy Custom Bikes good?

Villy Custom Bikes is a legitimate company and the business model of the company is good.

Is Villy Custom Bikes safe to invest?

The company is safe to invest.

Where can I buy Villy Custom Bikes products?

You can buy Villy Custom Bikes products from their official website www.villycustombikes.

Is still in business?

Yes, Villy Custom Bikes has over 750 bikes in inventory.

How much is the bike of Villy Custom Bikes?

The bike of Villy Custom Bikes costs approximately $404.10 depending on designs.

What episode and season does it on Shark tank?

Villy Custom Bikes was featured in Season 3 Episode 13.

Is Villy Custom Bikes trusted company?

Yes, Villy Custom Bikes is a trustworthy company.

What does Villy Custom Bikes offer?

The company offers corporate bike program, corporate clothes service and customization of bikes.

Where can I find Villy Custom?

The warehousing and assembly facilities for the corporation are located in downtown Dallas, Texas. Villy Custom Bikes has a couple bicycles on display at the Omni Dallas Hotel.

What is the price of a beach cruiser?

A cruiser bike typically costs between $300 and $400 USD.

Is riding a cruiser bike a good way to get some exercise?

Cruiser bikes are a terrific way to be active while on vacation in a low-key manner.

Bicycling is a low-impact workout by nature.

However, you should also strengthen your muscles, develop your flexibility, battle weariness, and remove mental obstacles.

Can cycling aid in the loss of abdominal fat?

Cycling can help you lose belly fat, but it will take some time. Cycling on a regular basis may help with total fat reduction and support a healthy weight.

What is the appeal of cruiser bikes?

Cruisers are popular among recreational bikers and tourists because they are stable and simple to ride, but their hefty weight and balloon tires make them sluggish.

Another aspect in common is their ability to be altered with attachments such as fenders, lights, and saddle bags.