Like candle making, sometimes finance can be difficult when it comes to calculating certain things. That is why we have made this candle profit calculator for you. With this calculator, you will easily be able to calculate how much profit you can earn by making and selling candles.
You can use our candle-making calculator to figure out how profitable your candle business can be. All you have to do is enter the cost per candle, your profit multiplier, and how many candles you expect to sell per week.
This calculator can help you decide if a candle business is a right move for you, and it can give you an idea of how much you will earn selling candles.
The candle-making profit calculator comes with 3 simple inputs.
Profit Calculator Inputs
- Cost Per Candle – This is how much it cost you to make your candles including wax, wicks, containers, fragrance oil, labor, overhead and packaging.
- Price Multiplier – This number multiplies your cost per candle to give you 1x, 2x or 3x return on costs. (pick a number between 2 and 4)
- Weekly Candle Sales – This number is how many candles you think you can sell per week.
Additionally, our calculator has 4 outputs.
Profit Calculator Outputs
- Price Per Candle – This is how much you will be selling your candles for.
- Total Expense (Total costs) – This is how much you will spend to make the candles you think you can sell.
- Gross Revenue (Total Revenue) – This will be the total amount of money you take in.
- Net Income (Total Profit) – This is how much money you have left, after you subtract expenses.
The most difficult part for you will be calculating your price per candle. However, that is easy to do.
If you spend $100 on candle-making materials, and that is enough for you to make 35 candles, then you divide $100 by 30. Your cost per candle is $2.86.
Now that we have your cost of $ 2.86 per candle, let’s choose a multiplier. It is common for candle makers to simply multiply their price per candle by a number ranging from 2 to 4.
That means for a $ 2.86 cost per candle, your potential list price is between $5.72 and $11.44. Let’s pick a multiplier of 3 for the purposes of this example.
Now let’s assume you are selling 100 candles per week. Let’s see what that looks like.
Here is an example of how it works.
In the above example, you can see if you sold 100 candles per week with a cost of goods sold of $2.86, you could sell them for $8.58 while making gross revenue of $858 and a net profit of $572.
However, in this calculator, net profit does not include tax withholdings.
Your tax withholdings will depend on a variety of other things such as income, marital status, dependants, and corporate structure. You might pay less as an LLC or a pass-through entity than you would be running your business as a corporation.
This calculator will give you a good idea of where you are starting out.
This calculator makes the process of determining how profitable your candle business can be a whole lot easier.
Here is the candle making profit calculator:
Candleers Candle Profit Calculator
|Price Per Candle||–|
|Total Expense (Total costs)||–|
|Gross Revenue (Total Revenue)||–|
|Net Income (Total Profit)||–|
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