AMERICAN Pickers star Mike Wolfe once sold a lighting and home decor line in his antique stores, but the collection is now defunct.
Mike, 59, is the star of American Pickers and a successful entrepreneur, as he owns profitable stores Antique Archaeology in Nashville, Tennessee and Le Claire, Iowa.
The U.S. Sun can exclusively reveal Mike once launched a lighting and home decor line called Rustoration that is not available today.
Mike’s company MRW, Inc filed a trademark for Rustoration in March 2012.
The trademark, which is still active today, is an “online retail store” that covers “services featuring a wide range of consumer goods, namely, furniture, lighting, bath-ware, hardware, home renovation products, home decor and accessories, outdoor home furnishings and accessories, clocks and gifts.”
The trademark also covers “retail furniture stores.”
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A second trademark was filed for Rustoration in April 2012.
The trademark, which was listed as dead in April 2021, covered “ceiling fans, chandeliers, electric fans, electric lighting fixtures, lamp bases, lamp shades, lamps, table and floor lamps.”
Light fixtures for Rustoration were once sold in Antique Archaeology stores.
Mike wrote on Facebook of the line: “The Antique Archaeology RUSTORATION® collection gives new life to old fixtures and vintage lighting parts by forging them into functional, one-of-a-kind furniture for your home or office.”
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The U.S. Sun can confirm the collection is no longer sold at Mike’s stores.
ANNUAL SALES
Despite the line no longer being sold, Mike’s shops have been successful in sales.
The U.S. Sun previously reported Antique Archaeology Nashville’s estimated annual sales, per Experian’s Business Valuation Report.
The estimated annual sales are reportedly $903,000.
The company’s Business Credit Score is “low risk,” meaning there is a “good probability of on-time payment,” according to the report.
As for the Financial Stability Risk Ratings, Antique Archaeology received a low risk of two out of a five rating, meaning a “1.11 percent potential risk of severe financial distress within the next 12 months.”
While Antique Archaeology in Iowa’s estimated annual sales aren’t as high, per Experian’s Business Valuation Report, they are still respectable.
Antique Archaeology in Iowa’s estimated annual sales are reportedly $62,000.
The company’s Business Credit Score is 23, which is “medium-high risk.”
The report claims of the score: “This score predicts the likelihood of serious credit delinquencies within the next 12 months.”
As for the Financial Stability Risk Ratings, Antique Archaeology received a medium risk of three out of five rating.
The report claims: “This rating predicts the likelihood of payment default and/or bankruptcy within the next 12 months.”
A rep for Mike and Antique Archaeology did not immediately respond to The U.S. Sun’s request for comment regarding the sales of both stores.
BUSINESS EMPIRE
Aside from appearing on American Pickers and owning the antique stores, Mike has many businesses to his name.
Back in 1999, he opened up Wolfe’s Village Bike in Eldridge, Iowa, where he taught bicycle history and safety.
The business continues to be active today with his sister Beth Welzenbach listed as an agent of the company.
He launched MRW Properties the same year, where he continues to buy real estate and restore properties.
He is even a landlord of multiple buildings.
The U.S. Sun previously reported Mike’s real estate net worth is approximately $3,467,300.
Mike also owns the production company Mossy Pointe, Inc, as he even teamed up with actor Jason Momoa for a project.
Mike owns vacation rental Two Lanes Guesthouse in Columbia, Tennessee, which is a loft “located above a bicycle shop inside a two-story brick building.”
Two Lanes also sells USA-made apparel.
And finally, Mike owns Columbia Motor Alley, a 1947 Chevrolet Dealership in Tennessee.
TUNING OUT?
All of Mike’s businesses come as he’s “ready to retire” from the long-running hit show.
A pal of Mike’s previously told The U.S. Sun: “I don’t know how long the show will last. I don’t know how long Mike and Robbie want to do this. I think they would like to retire at some point. It’s been 12 years.
“It’s a strain on your life. They’ve done this a long time. When they’re around it’s, ‘Ah we’re on the road again. I ain’t got time to do this, I ain’t got time to do that.’
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“It’s a love-hate like with any job. Some days you don’t wish you had that job and you could do whatever you wanted. Some days you’re all excited about your job.”
Mike has been on American Pickers since the debut episode in 2010.