- Avg. revenue /month$192
- Avg. sessions /month383
- Avg. profit /month$304
- Inventory value$1,650
Business Story
Why this business was started
We saw a gap in the market for hand-poured candles in unique shapes made with soy wax and with a little extra time on our hands through the pandemic, we decided to give it a go. This Instagram trend has since taken off for these types of candles.
The reason of selling this business
We started the business during the pandemic with a little extra time on our hands - very quickly the business started growing and we were receiving an increasing number of orders each month. We have over 2,000 followers on Instagram and in our fourth month since opening we reached monthly revenues of over $1,100. At this point we had to stop running the business due to constraints from full-time work and starting in a new role so we have decided to sell.
What's involved in running this business
The hand-poured candles involve a process of melting soy wax (using our melter), dying the wax to the desired colour and pouring them into our hand-made silicon moulds. As orders come in they need to be packaged and posted via your chosen courier alongside keeping track of the supplies. A key aspect to the business is also posting on Instagram. We also sell vases that we buy in bulk that just need to be packaged and posted. As demand for certain shapes grows, you may also need to make more of the candle moulds from silicon which is easy to do.
Traffic and Performance
- Avg. revenue /month$192
Verified
- Avg. sessions /month383
Verified
- Avg. profit /month$304
- Inventory value$1,650
- Profit Margin75%
- Avg. sales /month40
Expenses
- Shopify plan
- $24/month
- Inventory warehouse
- $0/month
- Domain
- $24/year
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