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Introduction
If you’re a skateboard enthusiast or follow the skateboarding industry, you may have heard of Locker Boards. This brand has gained a significant following in recent years, and many people are curious about its net worth. In this article, we’ll take an in-depth look at Locker Boards’ net worth, including its history, growth, and future prospects.
The Story Behind Locker Boards
Locker Boards was founded in 2016 by Carson Kropfl, a skater from California. Carson’s idea was to create a skateboard that could fit into a school locker, making it easier for kids to bring their boards to school. The brand quickly gained a following and was featured on Shark Tank, where Carson secured a deal with Sir Richard Branson.
The Growth of Locker Boards
Since its founding, Locker Boards has grown significantly. The brand has expanded its product line to include various skateboard sizes and designs. It has also collaborated with other brands and influencers to create unique skateboard designs.
In 2020, Locker Boards reported $1.5 million in sales, a significant increase from the $300,000 it reported in 2018. The brand has also gained a strong following on social media, with over 100,000 followers on Instagram.
The Value of Locker Boards
It’s challenging to determine Locker Boards’ exact net worth since the brand is privately held. However, we can estimate its value based on its reported sales and other factors.
According to Forbes, the average valuation for a skateboard company is around $12 million. However, Locker Boards’ unique selling proposition and growth potential could make it worth more than the industry average. Some estimates place the brand’s net worth at around $20 million.
The Future of Locker Boards
Locker Boards’ future prospects look promising. The brand has a strong following, a unique product offering, and a founder who is passionate about skateboarding and entrepreneurship.
Locker Boards plans to expand its product line further and has already launched a clothing line. The brand also aims to expand its presence globally and increase its sales and revenue.
Conclusion
Locker Boards is a unique skateboard brand that has gained a strong following in recent years. While its exact net worth is challenging to determine, the brand’s growth potential and unique selling proposition make it a valuable company. If you’re a skater or a fan of the skateboarding industry, Locker Boards is a brand worth watching.
