What Is Villy Custom?
Villy Custom is well-known for customizing bikes for its adult customers. The company builds cruiser bikes according to customers’ specifications.
The client specifies every aspect of the bike, from the color to the flat pedals, chains, and optional equipment such as cup holders.
Villy Custom also sells pre-assembled cruiser motorcycles.
|Company Name||Villy Custom|
|Product||Adult Cruiser Bicycles|
|Investment Asking For||$500,000 For a 33% stake in Villy Custom|
|Final Deal||$500,000 For a 42% stake in Villy Custom|
|Shark||Mark Cuban And Barbara Corcoran|
|Episode||Season 3 Episode 13|
|Business Status||In Business|
Who Is The Founder Of Villy Custom?
Fleetwood Hicks is the founder of Villy Custom. He began his professional career as a graphic designer before customizing bikes.
He also has his clothing line, Zedhed. He serves as the CEO of Villy Custom.
Villy Custom Before Shark Tank
Fleetwood Hicks started his firm by accident, which is an understatement.
The businessman visited Venice Beach, rented a cruiser bike, and rented a ride while in Los Angeles.
His ride was supposed to be just an hour, but he took six, which enraged the bike owner.
He bought a cruiser bike after returning to Dallas and acquired five more. Fleetwood was encouraged by his friends to start a cruiser bike company.
His response was to open a modest cruiser shop where he sold various brands of bikes.
Fleetwood ultimately went into the realm of bespoke motorcycles. He originally encountered difficulty raising funds to stabilize the business, so he dipped into his savings.
The crowdfunding campaign allowed him to raise over $10000, allowing mass production.
Additionally, the donations demonstrated that Villy Custom is a superior product, motivating Fleetwood to continue producing the bikes.
Fleetwood Mac’s mastiff, Deville, inspired the name of Villy Custom.
How Was The Shark Tank Pitch Of Villy Custom?
Fleetwood appeared on Shark Tank requesting an investment of $500,000 in exchange for a 33% stake in Villy Custom.
Mark Cuban finds this bicycle very good and wants to split his investment with Barbara Corcoran.
Daymond John is impressed with the bikes and thinks they are very cool, but he doesn’t know much about bicycles. He has not seen one and is out.
Kevin O’Leary prefers the look of the bikes. However, he does not think this is a good investment. He is out.
Mark Cuban and Barbara Corcoran are attracted to the idea of the company and are willing to invest $500,000 for a 45% stake in Villy Custom.
Fleetwood counters with an investment of $500,000 for a 42% stake in Villy custom.
Robert Herjavec, who likes bicycles, is too enamored with the company’s valuation. He is out.
Barbara and Mark agree to a deal of investment of $500,000 for a 42% stake in Villy custom.
Fleetwood left the Shark Tank stage, securing an investment from Mark Cuban and Barbara Corcoran in Villy custom.
Final Deal: Barbara Corcoran and Mark Cuban agreed to invest $500,000 for a 42% stake in Villy Custom.
What Happened To Villy Custom After Shark Tank?
Villy Custom started building bicycles for major companies and celebrities when sales of Villy Custom jumped to over $2 million after its appearance on Shark Tank.
Mark Cuban and Barbara Corcoran signed a five-year contract with Fleetwood Motors and Villy Custom.
Villy Custom is generating good sales and implementing a “corporate bike” program, according to the episode 603 update.
Villy Custom is still in business and has maintained consistent sales and generated $3 million yearly revenue as of 2022.
Villy Custom Shark Tank Update
Fleetwood Hicks secured a deal with Mark Cuban and Barbara Corcoran on Shark Tank for $500,000 in exchange for 42% in Villy Custom.
Villy Custom saw sales soar above $2 million when they began creating motorcycles for corporate clients and celebrities.
Mark Cuban and Barbara Corcoran were both instrumental in securing the contract with Fleetwood and Villy Custom. Regrettably, DeVille, the dog, passed away this year.
Villy Customdid does not appear on television for the last time. During a December 2014 holiday gift episode of The Ellen Show, host Ellen DeGeneres gifted her audience members a Villy (each valued at $1,000).
Is Villy Custom Still In Business?
Villy Customs’ story is unlike any other I’ve featured on Shark Tank thus far.
Over the last five years, Fleetwood Hicks, the owner, and inventor of Villy Customs Bicycles has made a crazy journey with his closest friend and mascot, Deville.
Even Fleetwood could not have dreamed of the opportunity that grew from a business trip bike rental into a full-time job opportunity.
The company began in 2008 as a brick and mortar business, customizing Felt Cruisers and Hawk Classic Cruiser motorcycles.
Thanks to the evolution of the concept, you can completely customize your bike from a computer.
What Is the Net Worth of Villy Custom?
The valuation of Villy Custom was $1.5 million when it appeared on Shark Tank. The net worth of Villy Custom is $3 million as of 2022.