Downtown Candle Company | Application Preview
Downtown Candle Company is seeking government grants to address financial challenges caused by recent shutdowns. The funding will be used primarily for rent, payroll, and utilities, as the company is currently behind on these payments for both of its locations.
In response to changing market conditions, the company plans to enhance its e-commerce presence and launch a subscription service to reduce reliance on in-store sales. As a minority-owned business, Downtown Candle Company has garnered a global customer base, reaching candle enthusiasts in regions including Europe, Canada, and Africa. Their products stand out due to their unique names, natural ingredients, and distinctive designs, emphasizing a luxurious and clean aesthetic.
While facing competition from larger entities like Bath & Body Works and smaller brands such as The Candle Bar and The Candle Lab, Downtown Candle Company differentiates itself through its clever product naming and commitment to quality. By securing this grant, the company hopes to stabilize its operations and continue serving its dedicated customer base.
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General Information
Business Registration Number: 20-2092813
Location: Antioch, TN, United States
Length of Operation: 8
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
We need this grant to cover expenses such as rent for both locations, payroll, and utilities during this distressed time. This grant will allow us to be able to stay open and get current on rent and utilities. We are a few months behind on both locations due to the shutdown and our landlords still wanting payments.
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Business Plan
We have began looking into beefing up our e-commerce sales as well as we are looking to build a subscription service that doesn't rely so heavily on in-store purchases. We are a small minority owned company that has candle lovers across the globe ordering from us. Our company started in Memphis and has reached households in Europe, Canada, Africa, etc. Our products are unique in name, fragrance, and appearance. We use all natural products in our production of our wooden wick soy candles.
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Self Identified Competition
Our top three competitors range from Bath & Body Works, to smaller companies like The Candle Bar, and The Candle Lab. Unlike our competitors we stick to creating one luxurious look, clean natural color and simple packaging with witty names to make the product complete. So where you would normally buy a peach candle anywhere.... with us you would buy a candle named "About Last Night" and many more!
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Contact Applicant
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