Starting Up a New Scrap Yard

**Mechanic688** · 10-22-2013, 06:16 PM

Check this out; http://www.scrapmetalforum.com/gener...crap-yard.html

Then check this, and welcome; http://www.scrapmetalforum.com/off-t...roll-call.html

And don't forget about buying and selling cores,
Or you might want a side division doing cardboard.

**StlitRockRecycling** · 10-22-2013, 06:33 PM

Awesome guys thanks for the help so far. I have not discussed cash flow in depth but I did make it clear to him that the BIGGEST concern is Cash FLOW.. He is a veteran of sitework development for 33 years. My Partner said He has over $1,000,000 in liquid assets, As I said before I have never Ran a Scrap Yard so I am trying to learn the business the best I can because I am starting on a small salary for the first few months then I will become a 49% Partner handling the day to day operations and mainly keeping the yard open during business hours ALL the time is the Key.
I do know theres nothing more frustrating then driving to a yard to see the fence closed 30 mins early.
We will also be open ALL day Saturday and we are tooling with the Idea of 24/7 buying if the Legalities of that work out. It is exciting to be in on a ground floor opportunity and will def. keep everyone here posted as far as progress, challenges etc. in the Hopes it will help other scrappers like myself in their dreams of entrepeneurship.

Should we just focus on ferrous and non ferrous metals? I have been doing quite a bit of E-scrap and have made a decent profit of close to $3,000 off several pickup truck loads of towers I got from an old IT guy so I know there is money to be made in Escrap but I also know the certifications, and Insurance etc are a lot higher because of the hazardous waste materials dealing with that type of scrap.

Again I am open to any and all suggestions as I push ahead with My scrap business. I will try to get pics up soon of the yard and the beginnings of hopefully a successful yard.

Semper Fi

**Bear** · 10-24-2013, 10:57 PM

Originally Posted by StlitRockRecycling

I have not discussed cash flow in depth but I did make it clear to him that the BIGGEST concern is Cash FLOW.. He is a veteran of sitework development for 33 years. My Partner said He has over $1,000,000 in liquid assets, As I said before I have never Ran a Scrap Yard so I am trying to learn the business the best I can because I am starting on a small salary for the first few months then I will become a 49% Partner
We will also be open ALL day Saturday
Semper Fi

"I have not discussed cash flow in depth but I did make it clear to him that the BIGGEST concern is Cash FLOW"
What about your own??

"I am starting on a small salary for the first few months then I will become a 49% Partner "
Really??

Yall have discussed just about everything, including all the documented evidence of proper permits, licenses, contracts etc, what about your own. "Making it clear" to someone doesn't always mean they agreed, it only means they made you believe they agreed

"My Partner said He has over $1,000,000 in liquid assets"
And I'd think he intends to hold on to every bit of it, so what does this really matter ?

With all this certified documentation, how much do you have for yourself? A low starting salary until you get it all up and running?
I think the importance of cash flow seems to have escaped, and I can tell you for sure what I've found to be the cold hard reality of it all is if things don't start out on the right foot, with a partner/employer or anything else, it will never get there

just a few words of caution man, good luck