Avid “Shark Tank” viewers had a chance to see for themselves how well KaZAM Bikes has done after Mary Beth Lugo’s pitch in a Season 5 episode that caught up with the entrepreneur. In the short time since she made a deal, KaZAM Bikes escalated to $1.5 million in sales. This was undoubtedly aided by the products getting prominent placements in Sky Magazine and the Oppenheim Toy Portfolio, the latter of which gave them the Mr. Dad Seal of Approval. Sales were further boosted when the bikes began being sold at Dick’s Sporting Goods and Toys “R” Us locations.
As of 2023, KaZAM Bikes is still going strong. The company has its own website where the original bike design, as well as numerous other products that have become part of its catalog over the years, can be purchased. Several bikes are available in a range of price points and colors to suit every need, and KaZAM Bikes has also begun selling replacement parts, pads, helmets, bike seats, and child trailer bikes to make them a one-stop-shop for everything parents need to get their kids up and moving. All of this has resulted in a current annual revenue of $5 million.
On “Shark Tank,” much of the reservation from investing in Lugo’s idea came from her admitting she was a shy, reserved person, and the sharks wanted to do business with someone who could be aggressive. It seems she has that passion for business, after all, turning this into one lucrative investment.
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