Nick Romero, a resident of Venice Beach, California, presents his company, The Ave Venice, on Shark Tank on episode 306 to seek potential investment from the Sharks panel.
What Is The Ave Venice?
The Ave Venice is a custom and unique printing firm that prints designs on shirts, hats, and various other clothes.
A custom printing enterprise specializing in clothing and sneakers, The Ave Venice, was presented by Nick Romero of Venice Beach, California.
A shirt printing machine was purchased, and he spent the next two years customizing it and creating software that could print bespoke artwork on sneakers.
He brought out his “secret sauce” in the form of a patent-pending locking plate.
Nick allows customers to bring in their artwork or choose one of his designs to have their clothes or sneakers printed while they wait.
|Company Name||The Ave Venice aka The Ave Los Angeles|
|Product||Footwear and apparel with custom screen-printing|
|Investment Asking For||$125,000 for 15% equity in The Ave Venice|
|Final Deal||No Deal|
|Episode||Season 3 Episode 10|
|Business Status||In Business|
Who Is The Founder Of The Ave Venice?
Nick Romero is the founder of The Ave Venice.
The Ave Venice Before Shark Tank
Nick Romero resides in a community in Venice Beach, California, that appreciates the beauty of the environment.
Yet, it was not until he visited Chicago that he found the perfect means of expressing himself.
Romero discovered this handmade t-shirt company while on vacation.
There was a certain level of exclusivity in this shop due to the artwork composed entirely of classic local designs.
Romero then determined that Venice Beach required its own handmade shirt business.
Therefore, he set out on a mission to acquire his shirt printing machine. After acquiring it, Romero spent at least two years customizing the software to print bespoke art pieces on shirts and sneakers.
Once his establishment was established, The Ave Venice drew much interest.
People loved the capability of bringing in their artwork and having it printed on t-shirts or shoes.
Romero has done quite well for himself thus far, but he wants to do more with his business, so he chose Shark Tank.
He wants to establish a partnership, not just because of the monetary commitment but also because of the Sharks’ business skills.
How Was The Shark Tank Pitch Of The Ave Venice?
Nick Romero appeared on Shark Tank seeking an investment of $125,000 in exchange for a 15% equity in The Ave Venice.
Final Deal: No deal between Sharks and The Ave Venice.
What Happened To The Ave Venice After Shark Tank?
Although Nick failed to convince the Sharks to invest in his business, he established a name for himself and The Ave Venice.
Romero has established himself as an exceptionally popular designer with a notable clientele.
Nick Cannon, Aaron Paul, and Johnny Knoxville are just a few celebrities who wear his clothing.
He has had top-tier celebrities wear his outfits, and he has also been featured in numerous publications.
There have been articles about The Ave Venice in Rolling Stone, MTV, and The Wall Street Journal.
If you’re interested in learning more about the rave, you can visit their official website at http://www.theavevenice.com/.
Additionally, The Ave Venice maintains a Facebook page and other social media profiles that provide daily updates on the business.
It is almost certain that Nick Romero will continue to be a huge success in today’s culture, and it is almost certain that the Sharks are coming up blanks right now.
The Ave Venice Shark Tank Update
Nick Romero is doing quite well with The Ave Venice, even though he didn’t get any investment from the Sharks.
Nick has already custom printed tens of thousands of pairs of shoes and hundreds of thousands of clothing items.
As a well-known designer who makes works of art that can be worn, he fields requests from customers located in every world region.
He launched Ave Los Angeles, a facility measuring 5,000 square feet that would handle online and wholesale orders.
As a result of his debut on Shark Tank, he is now known as a “Venice Hometown Celebrity,” and Avenue Venice is included on the “Places to See” list for visitors.
The patented technique allowed him to obtain licensing deals in the United States of America, Europe, and Canada.
This resulted in collaboration with NVR SHOES, the world’s first casual shoe brand with a shoe specifically developed for direct-to-garment printing.
Customers can design their shoes or choose from various pre-printed, licensed pictures on shoes.
The Ave Venice is growing beyond Shark’s expectations and will generate $3 million as of2022.
Is The Ave Venice Still In Business?
The Ave Venice obtained a patent for its shoe technology and now licenses exclusive shoe designs via its online/wholesale business.
They now have a company that produces an exclusive shoe for The Ave Venice, making this a unique niche business. Still, Nick Romero misses a huge opportunity to license the technology.
He could have generated significantly more money by licensing his technology to other companies, important companies. He is now constrained by the amount of material he can make.
Nick’s shoes have been featured in various media, and they are rather cool. Nick receives substantial attention for his work, which indicates he doesn’t care about the money but more about the LA lifestyle, even though he preaches the opposite.
The Ave Venice is still in business as of 2022, with annual revenue of $3 million.
What Is the Net Worth Of The Ave Venice?
The valuation of The Ave Venice was $800,000 when it appeared on Shark Tank. The net worth of The Ave Venice is $3 million as of 2022.