A unique opportunity to buy Nike / Jordan Brand Sneaker Factory now available
Factory has over $9 million in inventory and equipment to produce iconic sneakers from the Nike and Jordan brands
LOS ANGELES, CALIFORNIA, USA, July 5, 2022 /EINPresswire.com/ — Los Angeles footwear company LASCO is selling a turnkey factory with all the machinery, tooling, leather and materials needed to the making of the Jordan 1 High OG, Nike Air Max 1 and Nike Force 1 Low sneakers.
According to the trade sheet, on May 18, 2022, Jordan Wings approved this Nike/Jordan Brand Shoe Factory for sale to the general public.
The factory alone has more than $9 million in inventory, as well as the equipment necessary to produce the iconic sneakers from the Nike and Jordan brands, which, according to a LASCO representative, “any sneakerhead feels like it’s in Willy Wonka’s sneaker factory.”
More recently, the factory was established to be used for vocational training for transitioning young adults, people between the ages of 16 and 24 coming out of state or foster care who are at risk. At the factory, students were expected to learn specialized tools, cutting and pattern systems, but due to safety restrictions put in place during the pandemic, the program could not be launched.
The operation will be best suited for individuals or a group with previous footwear experience and/or a background in production management. The LASCO team will assist the new owners with the relocation, staffing and training of their workforce if required. Installation is also available to take over (rental or purchase) to ease the transition if new owners are interested.
The owners will also work on a contract basis to help expand the injection molding business should the new owners wish to be vertically integrated.
Additional automation machinery and materials may be included depending on the production capacity and the needs of the new owners. Automation machinery can significantly reduce labor costs and production time and create quality above original equipment manufacturer standards.
All furniture and shelves are included in the sale.
The business consists of four different revenue streams:
• Manufacture of custom and private label sneakers
• Schools (private, state-funded and non-profit)
• Machine business
• Supply activity (a range of components, tools, specialty chemicals and glues)
The sneaker resale market in 2019 was estimated at over $6 billion and could reach $30 billion by 2030.
In a report, financial services firm Cowen said: “Our proprietary work confirms that sneaker resale remains one of the most permanent consumer trends as transient pandemic spending patterns fade into 2023 – and we are further reinforcing the bullish category calls we have made since 2019 Our market size reaffirms that sneaker resale can reach $30 billion globally by FY30. The sustainability of a major sneaker company’s direct consumer attack and ability to fuel the resale sneaker ecosystem highlights near-best growth in the industry. Returns both potential and a significant rise in stocks after the recent pullback. »
For more information about the factory and its purchase, visit www.bizbuysell.com/Business-Asset/Nike-Jordan-Brand-Shoe-Factory/1990231/?utm_source=bizquest&utm_medium=email&utm_campaign=buyerinterestalert&utm_content=listingid.
What sets LASCO apart from most companies in the footwear industry is that, from our humble beginnings, we have been helping the industry grow one small customizer at a time. We live in a time where knowledge equals power, but many in the footwear industry will NOT help the UP & COMING generation with the skills needed to move the industry forward. If you are new to the footwear industry and are looking for some simple tips and answers, we can definitely help you meet and exceed your footwear expectations.