Leaux Racing Trikes, a recumbent tricycle series, was started by Joe Hadzicki and Tyler Hadzicki. Leaux Racing Trikes’s net worth was $600K at the time of their pitch in 2015 based on the $120,000 offer for 20% of equity of the company.
They appeared on Season 07 of Shark Tank USA in December 2015. Because of issues in the presentation and various reasons between the Sharks and the founders, the Sharks were not interested in investing in Leaux Racing Trikes.
Leaux Racing Trike closed down in 2016, and their social media pages have been inactive since then.
Leaux Racing Trikes Net Worth
| Net worth | $600K (When appeared on Shark Tank Show) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | None |
| Founders | Joe Hadzicki and Tyler Hadzicki |
| Employees | 125 employees |
Leaux Racing Trikes Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation 2015 before appearing on Shark Tank | $600K |
Leaux Racing Trikes Pitch on Shark Tank
| Company name | Leaux Racing Trikes |
| Product | Adult speed tricycles |
| Episode | Season 07 Episode 10 |
| Founders | Joe Hadzicki and Tyler Hadzicki |
| Asked for | $120,000 for 20% equity |
| Final deal | No Deal |
| Shark | No shark |
| Location | Coronado, California, USA |
Don’t miss these product from Season 07
Leaux Racing Trikes Founders
Leaux Racing Trikes was founded by Joe Hadzicki and Tyler Hadzicki. They are a father-son duo. Tyler, at 17, crafted the tricycle. After finishing studies at San Diego State University, he joined South Coast Commercial Inc, where he continues to work. The Leaux Racing Trikes prototype was a joint project with his father for a sixth-grade science assignment. Leaux Racing Trikes’s founders, Joe Hadzicki and Tyler Hadzicki, have a net worth of unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2015 | The company appeared on Shark Tank Season 07 |
Conclusion
Some companies that appear on the show have not achieved great success, and the Leaux Racing Trikes was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, Leaux Racing Trikes went out of business in 2016. And the product is no longer available in the market.
