Villy Custom Bikes Shark Tank Update | Villy Custom Bikes after the Shark Tank
What is Villy Custom Bikes?
Villy Custom is a lifestyle company based in the United States that mainly focuses in deluxe custom fashion cruiser bicycles for adults.
The firm was founded in 2008 by Fleetwood Hicks and has its headquarters in Dallas, Texas.
The private business owner was a former menswear fashion designer, and a fitness fanatic. Entrepreneur Magazine named him as one of the 100 Most Excellent Business Ideas of 2010.
Who is the Founder of Villy Custom Bikes?
Fleetwood Hicks is the founder of Villy Custom Bikes.
He has been a bicycle enthusiast since his early days as a child, and has been riding bikes all his life.
While on a business vacation to Los Angeles in 2006, Hicks discovered beach cruiser bike riding on Venice Beach.
After borrowing a beach cruiser for a one-hour ride, he returned it six hours later and was hooked on the bike’s simplicity, comfort, and flair.
Villy Custom was established in 2008, two years later, as a physical and mortar retail company focusing on the selling of Felt Cruisers.
Hawk Classic Cruiser motorcycle accessories and gear.
Hicks believed he could mix fashion, texture, and unique color combinations to develop a customized luxury fashion bicycle firm after experimenting with small bike modification.
His passion for the sport and the pleasure that it brings him was the reason that he started designing and selling custom bikes in 2009.
The private business owner was a former menswear fashion designer, and a fitness fanatic.
Entrepreneur Magazine named him as one of the 100 Most Excellent Business Ideas of 2010.
What Happened to Villy Custom Bikes at Shark Tank Pitch?
Fleetwood Hicks appeared on Shark Tank in search of $500,000 in exchange for a 33% stake in the company.
He went on explaining that his sales in 2010 were $250,000 with no advertising costs.
With his bikes, Fleetwood hopes to establish a fashion accessory business.
Daymond likes the designs, but he does not want to work in the bike industry, therefore he is out.
Kevin likes it as well, but he’s still out of the deal, while Robert loves the bikes and the concept, but not the price and he also out.
Mark and Barbara both like Villy Custom and agree to work together on the sale. They offer $500,000 for 45%equity share of the company.
Hicks’ counters offer with $500,000 for 40% equity shares of his company, but finally Mark and Barbara make the last offer of $500,000 for 42% equity share of the firm.
Hicks, Mark and Barbara closed the deal and finally they invested in Villy Custom Bike Company.
What Happened to Villy Custom Bikes after the Shark Tank?
The deal between Mark and Barbara occurred following the due diligence procedure.
Villy Custom Bikes updated their website and already sells over a 100 bikes every week.
Villy Custom Bikes has a $2 million sales volume and offers a corporate bike program.
Barbara made a visit to the business and is blown away by the new space.
The company’s revenues have been consistent throughout the years, and it expects to generate $3 million in revenue in 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.
