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Sold my candle business!


candlelady
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Finally!

They take over 1/1/11. :yay: I''m still taking care of the holiday orders and having a going out of business sale in a few weeks to clearance out what I have left.

What doesn't sell at my sale (tart warmers, candle warmer lamps and other misc. supplies that are not going with the company) will be put in the classifieds towards the end of November.

I'm so happy I was able to sell it and all my wholesale customers are staying with the candle line.

We will sign the papers w/in the next 2 weeks.

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Finally!

They take over 1/1/11. :yay: I''m still taking care of the holiday orders and having a going out of business sale in a few weeks to clearance out what I have left.

What doesn't sell at my sale (tart warmers, candle warmer lamps and other misc. supplies that are not going with the company) will be put in the classifieds towards the end of November.

I'm so happy I was able to sell it and all my wholesale customers are staying with the candle line.

We will sign the papers w/in the next 2 weeks.

Congrats on the sale..

Question:

Is your inventory included in the sale? If you sign the papers in two weeks, are you able to sell off you products after that since they will be the new owners.

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Curios as to why a buyer would sign papers 2 months ahead of the effective date only to let the seller continue to sell off all the inventory baffles me.

What are you selling the buyers if your selling off all your inventory?

I sold a boutique store I once had and we had to give them a detailed list of everything in the store from the floor to the ceiling.

The papers were signed and they owned everything that day.

Now I did stay on to help them with the biz for a month , but they owned the entire store including all inventory.

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The sale is based on a list of everything they will get for the price they are paying. Whether I use some of it now or not, they will still get these items when they take over. They are not getting any candles already made, only supplies to make them.

I don't have a store, so there's no shelving, ceiling fixtures, etc... Just supplies to continue the line for the first year, training, etc.. , the co name and website, etc...

Since they are not set up for pour, I am pouring for the rest of the year, as many of my wholesalers haven't placed their holiday orders. By the time they take over, there will be no more inventory, I'd have sold it all.

The only part of my company they are buying is the 9 oz and 16 oz mason jar candles. The tartwarmers, tarts, etc... are not going with it.

Edited by candlelady
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Congratulations! I have been downsizing my biz lately because of time constraints. I figure I can pick it back up where I left off when I am done with my degree. I'm surprised I don't miss it more than I do. I'm sure you will find other creative pursuits to fill your time. Best of luck! :)

Edited by asheebeans
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