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Ave Venice Shark Tank Update

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Ave Venice is a custom sneakers printing store, that first opened on Venice Beach. The customers can choose their designs and get them printed on their sneakers. The custom prints can be done on shirts or shoes. Ave Venice is a business model or concept which performs the work of remarking on others’ products.

Ave Venice is basically a printing and designer firm that prints T-Shirts, Shirts, Hats, and various clothing products/materials. Ave Venice is specialized in two main streams, which include sneakers and clothing printing. Ave Venice gives shine to your purchased products for a small amount of payment which customers pay happily, once they see their work.

Ave Venice at a Glance:-

IdeaCustom screen printed footwear and Apparel
FoundersNick Romero
Asked For$125,000 for 15%
Accepted DealNo offers
SharksNo Sharks
Business statusIn Business
Episode No.Season 3, Episode  18
WebsiteAve Venice

Index:

Who are the founders of Ave Venice?

Romero is the founder of Ave Venice. He had founded a custom tee shirt printing shop that offered local design.  Later, he acquired a t-shirt printing machine and spent two years on its modifications and software, which made it possible to do the prints on sneakers and t-Shirts. 

Did Ave Venice get a deal on the Shark Tank?

Ave Venice appeared on the show with a pitch of $125,000 in exchange for 15% of the company. When he got to the shark, all the set-ups were already done. Romero, the founder of Ave Venice, handed a few samples and said his business model helps people, especially the younger generation, to express themselves. He had also given a demo of printing a pair of sneakers in a few seconds.

From the opening date till the Ave Venice appearance date, they had made a total sales of $570,000, out of which they made a direct profit of $150,000. Sharks were very impressed with the product and its sales figure. Daymond John went quite deep into the question, as he was curious about his future plans. Romero said he wanted investment to increase his retail store and franchise of his firm. Daymond John said Romero is cool, but he had bad experiences with cool guys, which made him out of the deal.

Robert Herjavec said he didn’t want to change his business model and went out with the best of luck. Romero said, I mainly wanted the money and I’m here only for that”. Kevin O’Leary said ‘I hate retail ‘and went out. Barbara Corcoran also didn’t find it investable and went out. Mark Cuban was only left in the tank. Mark asked him how much he wanted to get once he built his business. Romero’s answer was not specific as per Mark, to which he said Romero was not hungry enough for his business and left the pitch. No offers were made for the show and the deal closed.

What happened to Ave Venice after Shark Tank?

After the show, just like other business models, Ave Venice also got fame and increased in customer segmentation, as no deal was offered or made on the show. It had broken the Romero, but his will to make Ave Venice big was not broken. After the show, Romero managed to grow.

His shirt and products are used and advertised by many big celebrities. He got his patent rights for his product in 2014. After their appearance on the show, they moved out of the location to Los Angeles and rebranded themselves as The Ave Los Angeles. During the pitch, they asked for a valuation of $18,750.

With the help of patent technology, they were able to get licenses in the USA, Europe, and Canada. Later, they partnered with NVR Shoes, the world’s first casual shoe brand. They have their own online store which allows customers to design their own or they can choose from their catalogs.

Competitors of Ave Venice

  • Lending Luxury Logo
  • Vein Centres and others.

What is the net worth of Ave Venice?

At the time of the show, the founders valued the company at $830,000. Ace Venice has an estimated net worth of more than $ 3 million by 2022. Ave Venice is going high and high with hard work, proper forecasting, and planning management. Ave Venice is going beyond the expectations of everyone and is forecast to touch $ 3 million in sales by December 2022.

Is Ave Venice still in business?

Ace Venice is still in business and doing successfully in the market. Ave Venice has obtained a patent for its shoe technology and they now have a company that produces exclusive shoes for Ave Venice. Customized services are on with it. Founder Romero is trying to make Ave Venice a niche business.

Ave Venice social links:

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FAQs:

What is Ave Venice?

Ave Venice is a custom sneakers printing store, that first opened on Venice Beach. The customers can choose their designs and get them printed on their sneakers. The custom prints can be done on shirts or shoes.

Who founded Ave Venice?

Romero is the founder of Ave Venice. He had founded a custom tee shirt printing shop that offered local design.  Later, he acquired a t-shirt printing machine and spent two years on its modifications and software, which made it possible to do the prints on sneakers and t-Shirts. 

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