LacedUp

How Two Brothers Started A $500K/Month Chain Of High-End Sneakers

January 28th, 2020
Andrew and Phillip Pevzner
Founder, LacedUp
$1.1M
revenue/mo
2
Founders
40
Employees
LacedUp
from Albany, New York, USA
started June 2016
$1,100,000
revenue/mo
2
Founders
40
Employees
market size
$85.8B
avg revenue (monthly)
$340K
starting costs
$18.9K
gross margin
43%
time to build
270 days
average product price
$300
growth channels
Word of mouth
business model
content-library
best tools
Instagram, Shopify, Klaviyo
time investment
Full time
pros & cons
24 Pros & Cons
tips
6 Tips
Discover what tools recommends to grow your business!
platform
social media
accounting
payments
Discover what books Andrew recommends to grow your business!

Hello! Who are you and what business did you start?

My name is Andrew Pevzner, I and My brother Phillip Pevzner are the founders and owners of Laced Up. Laced Up are a chain of high-end collectible sneaker and streetwear resale stores. We carry brands like Supreme, Jordan, Yeezy, Bape, and more, all limited edition brands with the hype behind them. We currently have 4 retail stores in New York and New Jersey and do a good amount of business online through our website. We specialize in offering high-end collectible items in a convenient retail space with great customer service.

how-two-brothers-started-a-500k-month-chain-of-high-end-sneakers

We have grown this business from a single store to 4 locations and over $5 Million annually in sales. We have had over 58,000 orders to customers all over the world. We have built a team of over 30 staff, providing new careers for many and financial security for us and our...

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