National Candle Manufacturer

We are an established candle manufacturer, wholesale and retail business. We wholesale to many independent retailers as well as big box companies like Walmart, Bass Pro Shop, Food City, Cracker Barrel, and others. We also own a 1200 sq ft. retail store in the Smoky Mountains of TN. We have several new and unique products that have positioned us to obtain a lot of new growth. Within that growth are several opportunities for new business including expansion into the e-commerce, hardware store and fundraising industries, as well as more independent and other gift retailers. But like most companies looking to grow, capital is limiting what we can do successfully. Our company is privately owned and currently has revenues totaling approximately $2,000,000 annually. We are confident that with the right equity or angel investor, we can grow our company significantly within a very short period. I am the owner and am interested in bringing on the right investor to capitalize on the opportunities we currently have. I am proposing selling a 15% interest in our company for a small and fair $250,000 capital investment. This investment will be used to purchase and install a liquid storage tank for wax, lowering our wax costs, while also increasing our production capabilities and effecencies.  A portion of this investment would be used for costs associated with exhibiting at new industry trade shows and expansion of our sales representation in these new markets.  Also Included in our needs for this investment are the expenses associated with the startup cost of using a Knoxville marketing company to design and manage a new e-commerce website. As a company, we have a small footprint within this growing revenue stream and feel confident with our unique mix of products and the marketing firm we've already negotiated with, we can increase our revenues substantially through this expanding industry.   Lastly, some of that investment would be used to help secure the purchase of the building we are currently in under a lease-purchase agreement. We already have a $225K equity position in the building and simply need to finalize the purchase agreement by securing a bank loan for the remaining balance of $750K. By exercising this option to purchase we expect the mortgage payment will lower our overhead cost by a minimum of 10%, which in turn helps our overall profitability.  It's very exciting to see all the growth opportunities available to us for the very near future, but unfortunately, it requires added capital, which I do not have myself. I used up what cash reserves we had in the business as well as my own to move our company into the building we are currently in. Our 15-year lease at our previous building expired at the end of last year and the new lease was going to increase to an unrealistic cost. For that reason we decided to move our entire operation and offices to this new location and entered this more advantageous lease purchase option. The costs we paid for the actual move and the needed electrical, office, and bathroom buildouts, totaled more than $250K, thus another reason why we need to seek an investing partner now.  By seeking an investing partner we look to increase our production capabilities, while lowering our material and overhead costs.  At the same time, we look to take advantage of the new selling opportunities we have before us. If interested in talking about the possibilities,  I invite you to reach out to me ASAP.

Thanks, Terry Carpenter / Owner