Hello all,
My name is Ryan Tombs and I am from the NJ area. Recently I have been debating on purchasing a scrap yard. A little background on myself. First off I am 21 who graduated with an associates in diesel mechanics and HVAC from OSU and had a job right out of school. During middle school and my highschool career I owned a landscaping/ lawn service. I also did some scrapping. I remember 10 years ago running into the office to collect the money and seeing the owner's retirement clock. Anyways, I am extremely unhappy with my job as a mechanic (even though it is great money for a 21 year old). My father, a funeral director has always talked about buying a scrap yard. I hate the big business feel and being a mechanic and working for someone else. I grew up in a small business household and was always told, "if you are going to work 90 hours 7 days a week do it for yourself". Since I finally stopped traveling for work, I am going back to school for a major in Business.
I have enough money saved up/ invested to live on a smaller income to maybe try and work at a local yard to "learn the business" (good idea?, the owner still recognizes me when we come in with our little scrap that we do now)
I am very fortunate to have a supporting family. Between my father, and my grandfather who helped my uncle start up a steel business and my uncle who was a nobody but through hard work has made a great name for himself and is now retired from the steel industry.
I plan on doing more research and then going to talk to the family/ business accountant about the feasibility of it all. The accountant talked about the funeral home getting into another business so this would be an option.
-Ryan
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