Direct Tax Services
Audit
Consulting
ESG Advisory
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Developed
Developing
BOTs
American
EU-1
EU-2
South East
South Asia
Gulf
ME
Select Your Location
The candle making business, become so popular from the last few decades. It can also be considered a lucrative business. Nowadays, people feel good at enjoying the relaxing effect of burning scented candles. Its demand is increasing day by day. Peoples are using, candles for religious and illumination purposes but in recent times, hotel, restaurants, hospitals have started using it on regular basis. People are considering it as a perfect gift for their near and dear ones.
Table of Contents
In terms of business, it is one of those handfuls of enterprise which require very less capital investment and gives a good return on investments. The consumers demand, for scented and decorative Candle Making create a business opportunity for the innovative start-up entrepreneurs.
As a report, the demand for wax globally reached[1] an estimate of 10,000 million lbs, valued at over$ 2.1 billion in 2010, out of which demand for candles is above 50 percent; with an indication that waxes consumption is expected to grow at an average annual growth rate of 1 percent from 2010 to 2019.
In Asia Pacific region,” Indian market is lugging along brilliantly in this race of candles”.
Investment requirement
From a research, it has been analyzed that, approximately the following investment would be required in Commencing Candle making business.
The following benefits can be enjoyed while initiating this business:
As, this business doesn’t, involve a lot of raw material and employees. While deciding the prices for the candle consider all expenses incurred on raw material, labor cost for making them and can also include advertisement cost if occurring.
If selling at a wholesale price, then just double the cost whereas, in case if you are selling on Shops you can take as high as you even 2.5 or 3.5 of your cost.
Read Also: Home-Based Business Ideas for Moms.
Following points need to be decided before investing in this business:
An interested seeker may raise their query at info@enterslice.com. Detail information is also provided on our website www.enterslice.com.
People Also Read: What is the need of Business Planning?.
Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.
RBI released a developmental and regulatory policy statement on June 8, 2023. The objective of...
Financial Institutions called Asset Reconstruction Companies ("ARCs") reconstruct and securitis...
Any person booked for an offence under the Criminal Procedure Code (CrPc) / the Code would be r...
The Reserve Bank of India regulates Non-Banking Financial Companies in India, and they are subj...
The Reserve Bank of India regulates Non-banking Financial Companies in accordance with the RBI...
Incorporation of a Limited Liability Company (LLC) is an attractive choice for small business o...
The Reserve Bank of India (the Bank) issued Non-Banking Financial Companies Acceptance of Publi...
A few years ago, investing in traditional investment categories like shares, bonds, real estate...
Compared to other organisations, the corporate governance of Non-Banking Financial Companies is...
India is emerging as a global powerhouse. India is a huge market and is witnessing rapid econom...
Are you human?: 1 + 3 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
As we all know, a company is a legal entity which requires to be registered. In Singapore setting up a company is d...
04 Jun, 2020
Bed Sheet Manufacturing Business Bed Sheet Manufacturing Business-India is globally known for home furnishings that...
06 Jun, 2018
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!