Candelles

Candelles

Candles

Candles

Overview

Raised to Date: Raised: $22,911

Total Commitments ($USD)

Platform

Honeycomb

Start Date

01/22/2024

Close Date

03/06/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

14.25%

Term Length

5.0 years

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/22/2024

Days Remaining

13

% of Min. Goal

46%

% of Max. Goal

23%

Likelihood of Max
unlikely
Avg. Daily Raise

$739

# of Investors

54

Momentum
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Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Location

Drums, Pennsylvania

Business Type

Growth

Candelles is raising funds on Honeycomb. It is a candle-making business in Drums, Pennsylvania. Candelles makes its candles out of its warehouse and sells them both online and in over 350 stores nationwide. The business is eco-friendly and sustainable and received a $10,000 grant for its first trade show. Candelles has a loyal customer base and was also featured on Good Morning America for Small Business Week in 2017. Kelley Major founded Candelles in November 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for debt consolidation, supplies and inventory for a new location, marketing, and warehouse rent security.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$102,880

$492,535

COGS

$0

$219,686

Tax

$0

$0

 

 

Net Income

$25,408

$100,960

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,490

$23,374

Accounts Receivable

$1,801

$0

Total Assets

$42,292

$23,374

Short-Term Debt

$92,298

$42,162

Long-Term Debt

$105,121

$64,007

Total Liabilities

$197,419

$106,169

Financials as of: 01/22/2024
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Candelles on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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