Needfire Candle Co

Minta and Timothy are growing their candle company!

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Security Type
Debt
Categories
Retail Shop
Location
PORTLAND, ME
Expected Close Date
July 11, 2022
Amount Raised
$5,350
Target Raise
$25K-$100K
No. Investors
18
Security Price
$1
Number of Employees
5
Cash
$44,222
Revenue
$75,839
Short Term Debt
$3,229
Cost of Goods
$2,032
Long Term Debt
$0
Net Income
$29,370

Company Description

Needfire Candle Co is a candle manufacturing and design brand committed to ethical consumption and transparency within the candle industry. It exists as the primary brand within Needfire LLC, a manufacturer and retailer of candles, artisan goods, and ritual products.

Key Deal Facts

Needfire is majority queer non-binary/femme owned and operated., Owners Minta and Timothy were recipients of the Portland Job Creation grant in December of 2021, and have since hired two employees for full time work at a competitive pay rate.

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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