What Happened to Villy Custom Bikes after the Shark Tank?
What exactly is Villy Custom Bikes?
Villy Bespoke is an American lifestyle brand that specializes in luxurious custom fashion cruiser bicycles for adults.
Fleetwood Hicks created the business in 2008, and it is headquartered in Dallas, Texas. The private business owner was a fitness enthusiast and a former menswear fashion designer. Entrepreneur Magazine called him one of the top 100 business ideas of 2010.
Who is the man behind Villy Custom Bikes?
Villy Custom Bikes was founded by Fleetwood Hicks. He has been a bicycle fanatic since he was a toddler, and he has spent his whole life riding bikes.
Hicks discovered beach cruiser bike riding on Venice Beach while on a business trip to Los Angeles in 2006.
He borrowed a beach cruiser for an hour and returned it six hours later, hooked on the bike’s simplicity, comfort, and style.
Villy Custom was founded two years later in 2008 as a brick-and-mortar retail store specializing on the sale of Felt Cruisers, Hawk Classic Cruiser motorbike accessories, and gear.
After experimenting with tiny bike modifications, Hicks felt he could combine fashion, texture, and unique color combinations to create a bespoke premium fashion bicycle enterprise.
In 2009, he began constructing and selling custom motorcycles due to his love of the sport and the joy it offers him.
The private business owner was a fitness enthusiast and a former menswear fashion designer. Entrepreneur Magazine called him one of the top 100 business ideas of 2010.
What Happened to Villy Custom Bikes During The Shark Tank Pitch?
Fleetwood Hicks went on Shark Tank looking for $500,000 in return for a 33% stake in the firm, worth $1.5 million.
He went on to say that his sales in 2010 were $250,000, with no promotional expenses. Fleetwood intends to start a fashion accessory company with his motorcycles.
Daymond likes the designs, but he does not want to work in the bike industry, thus he went out.
Kevin likes it as well, but he’s still out, and Robert likes the bikes and the concept but not the price, so he’s out as well.
Both Mark and Barbara admire Villy Custom and agree to collaborate on the sale. They offer $500,000 in exchange for a 45% in the firm.
Hicks’ counters with $500,000 for 40% stake in his company, but Mark and Barbara make the ultimate offer of $500,000 for 42% equity in the firm.
Hicks, Mark, and Barbara closed the deal and eventually invested in Villy Custom Bike Company.
After the Shark Tank, what happened to Villy Custom Bikes?
The deal between Mark and Barbara occurred once the due diligence procedure was completed.
Villy Custom Bikes recently redesigned their website and now sells over 100 bikes every week. Villy Custom Bikes has a sales turnover of $2 million and offers a corporate bike program.
Barbara visited the company and was blown away with the new location.
Revenues for the firm have been constant throughout the years, and it aims to produce $3 million in sales in 2021.
Villy Custom Bikes Estimated Net Worth
The company is still in business and has a net worth of $3 million.
Villy Custom Bikes FAQs
1. Is Villy Custom Bikes the same as Villy Designs?
No, they are two different companies. Villy Custom Bikes is a bicycle brand and an American lifestyle brand that manufactures and sells expensive bicycle accessories, while Villy Designs is a separate fashion accessory company owned by Fleetwood Hicks.
2. How much is the price of a bike from Villy Custom Bikes?
Villy Custom Bikes offers three types of bikes: Cruiser bikes, Road bikes, and Amphibian bikes.
3. What is the difference between a Villy Bike and a Villy Bike Coaster?
A Villy Bike Coaster is exactly what it sounds like, a coaster bike designed by Fleetwood Hicks. They are built to be the most comfortable cruiser bike on the market with an intricate skull-patterned saddle.
The skull patterning on the saddle design has been rumored to make riders feel more at home and connected with their surroundings.
When was Villy Custom Bikes founded?
Villy Bespoke was founded by Fleetwood Hicks in 2008. It is a private business owner located in Dallas, Texas, mainly manufacturing bikes designed by him.
What is the speed of Villy Custom Bikes?
Villy Bespoke is a bicycle brand and an American lifestyle brand that specializes in luxury custom fashion cruiser bicycles for adults.
How many colors does Villy Custom Bikes make?
Villy Custom Bikes offers three types cruiser bikes: Cruiser bikes, Road bikes, and Amphibian bikes.
Who has the rights to Villy Custom Bikes?
The business is a privately owned company by Fleetwood Hicks and is not part of any corporate chain.
Is Villy Custom Bikes shipping?
Villy Custom Bikes offers international shipping services.
What is the return policy of Villy Custom Bikes?
Customers can return the purchased products within 30 days.
Do you have to pay for the shipping of Villy Custom Bikes?
The company has a policy that does not require customers to pay for the shipping.
Is Villy Custom Bikes on Amazon?
Villy Custom Bikes offers international shipping services and ships their products worldwide. The website is currently unavailable, but it is available on Amazon U.S, Canada, and Mexico.
What’s the difference between Villy and Villy Designs?
Villy was an American lifestyle brand that specializes in expensive custom cruiser bicycles for adults.
How do I pay for Villy Custom Bikes?
Villy custom bikes accept payments via credit card, debit card, PayPal, Amazon Payments and Venmo.
What is Villy Custom Bikes known for?
The brand has been in the business for over ten years and has grown to be a famous American lifestyle brand. Villy Designs is a separate fashion accessory company owned by Fleetwood Hicks.
Villy Decor is yet another American lifestyle brand that is an interior design company that offers custom-designed furniture and accessories.
What is the market size of Villy Custom Bikes?
According to the CAGR (Compound Annual Growth Rate), the market size of Villy Custom Bikes is estimated to be USD $3.6 million in 2021.