Needfire Candle Co

Early Stage

Retail Shop

Analytics

Raised to Date: Raised: $4,350

Aggregate Commitments $

Platform

Honeycomb

Start Date

05/25/2022

Close Date

07/11/2022

Min. Goal

$25,000

Max. Goal

$100,000

Min. Investment

$100

Security Type

Debt

Funding Type

RegCF

Series

Seed

Price Per Share

$0.00

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

16

% of Min. Goal

17%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$140

Momentum
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Location

Portland, Maine

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Business Type

Life Style

Needfire Candle is raising funds on Honeycomb. It is a candle manufacturing and design brand that sells ethically produced and sustainably sourced candles. The business creates candles that are made using non-toxic materials and sells through its brick-and-mortar location, wholesale, and e-commerce. Needfire Candle plans to include more projects, including Glamour Magick kits, stearic wax candles, and a ceramic Christmas collection. Minta Carlson and Timothy Bielec founded Needfire Candle in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for inventory, building out new space, workshop upgrades, materials, marketing, holiday line materials, new projects, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$75,839

$44,663

COGS

$2,032

$3,874

Tax

$0

$0

 

 

Net Income

$29,370

$1,138

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$44,222

$3,632

Accounts Receivable

$3,738

$3,618

Total Assets

$65,058

$15,616

Short-Term Debt

$3,229

$3,229

Long-Term Debt

$0

$0

Total Liabilities

$3,229

$3,229

Financials as of: 05/25/2022
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Needfire Candle on Honeycomb 2022
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Platform: Honeycomb
Security Type: Debt

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