The Ave Venice is a Los Angeles (LA) sneaker selling business with customized printing in Venice Beach. The company was established in 2010 with its headquarters in California. Let us further dive into this article to know more about this venture and its net worth.
Establishment of The Ave Venice:
According to founder Nicky Romero, once when he was visiting Chicago, he passed by a t-shirt printing shop that sold t-shirts with custom designs of various artwork which inspired him to start one of his own in Venice. Customers can get their own artwork printed or can choose from the readily available designs.
Romero studied printing and bought a t-shirt printing machine of his own. According to him, the youth tends to express themselves through their clothes which is why he wanted to start this in the first place. The Ave Venice had also appeared in Shark Tank where Romero wanted a financial help of $125,000 and pitched 15% of the equity in exchange. Given below is a link to the official website of The Ave Venice.
Although Romero left the Shark Tank without a deal, The Ave Venice has grown and expanded a lot. Before appearing on the show, they had already sold a sales record generating a revenue of $570,000 with $150,000 in profit. Romero is popularly known as a designer and his printed apparel has been worn by many known personalities. The company consists of around 32 employees and its net worth is estimated to be approximately around $3 million.