Spun is a British artisan candy-maker. Since its 2013 launch in London, the joys of Spun Candy have spread far beyond its UK roots with its hand-crafted candy creations, premium confectionery, live candy theatre, and exclusive are enjoyed within the UK, GCC and the US. Annual revenues now £600k+.
Spun Candy is a British artisan maker of quality, hand-crafted candy. Our products include hard rock candy, lollipops and confectionery such as popcorn and honeycomb. We also offer our customers the ability to incorporate any bespoke design into our handmade products and packaging. Our candy is made with fine ingredients, including natural colourings. We also have rights to the Candy Crush app.
Turnover has increased 185% since inception, with 2016-17 sales of +£600k and gross profit of 87% (EBITDA £195k loss in same period).
Spun’s candy creations, premium confectionery, and candy masterclasses are currently enjoyed within the UK, U.S., Abu Dhabi, Dubai, Egypt and soon Bahrain. As of 2018, Spun is represented in 20 retail locations in 5 countries with further new locations planned.
Founded in 2013, we have spent the last 12 months expanding our product range and retail outlets. We believe the key foundations of a successful business are set and Spun is now focused on international expansion with a target to grow from 8 to 50 corporate JV and franchise stores in the next 4 years. Funds from this raise will be used to invest in equipment to further grow corporate sales and store locations in order to enhance top and bottom line revenue growth. Director/shareholder loans exist.
Spun is targeting growth and subsequent realization of investment within the next 3-5 years.