Needfire Candle Co
Minta and Timothy are growing their candle company!
- 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.