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I like the second row.
I think you should experiment with fonts and text location - to the right of the logo etc... maybe "the" should be small to the right of "bike" which should be larger and "house" just as large as bike but beneath the words "the bike"....???
But it looks really nice as it is! It looks like the type of bike shop which is situated in a nice plaza where there is a Barnes and Nobles and a Whole Foods. :-)

Thank you for the comment. I would play more with the type.