Scrap Metal Business Plan

Turning Waste into Worth

Business
Plan
2023

Prepared By  10200 Bolsa Ave, Westminster, CA, 92683

 John Doe  [email protected]

 (650) 359-3153  http://www.example.com

Table of Contents

Executive Summary 6

Market opportunity 7

Services Offered 7

Marketing & Sales Strategies 8

Financial Highlights 8
Units Sold v/s Revenue 9

Company Overview 10

Ownership 11

Mission statement 12

Business history 12

Future goals 13

Market Analysis 14

Target Market 15

Market size and growth potential 15

Market Size 16

Competitive analysis 16
Schnitzer Steel Industries 16

Sims Limited 17

Commercial Metals Company 17

Market trends 17

Regulatory environment 18

Products and Services 19

Scrap metal products & services 20

Sorted & Processed Scrap Metal 20

Shredded Scrap Metal 21

Scrap Metal Collection 21

Metal Recycling 22

Metal Testing Analysis 22

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 Scrap Metal Management Consulting 23

Quality measures 23

Additional Services 23

Sales And Marketing Strategies 24

Unique Selling Proposition (USP) 25

Pricing Strategy 25

Marketing strategies 26
Online 26

Offline 26

Sales strategies 27

Customer retention 27

Operations Plan 28

Staffing & Training 29

Operational Process 29

Equipment & Machinery 30

Management Team 31

Key managers 32
John Doe 32

Jane Doe 33

Alice Brown 33

Robert Brown 33

Emily White 33

Michael Johnson 34

Organizational structure 34
Organization chart 34

Compensation plan 35

Advisors/Consultants 35
[ADVISOR NAME] 35

[CONSULTANT NAME] 35

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Financial Plan 36

Profit & loss statement 37

Cash flow statement 40

Balance sheet 42

Break-even Analysis 44

Financing needs 46

Appendix 48

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1.

Executive Summary

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 An executive summary is the first section of the business plan intended to
provide an overview of the whole business plan.

To unlock help try Upmetrics! 

Generally, it is written after the entire business plan is ready. Here are some
components to add to your summary.

 Help tip  • Introduction

Scrap of your
Metal Business Planbusiness idea.

• A brief explanation of market opportunity.

Start your executive summary by briefly introducing your business to your readers.
• An overview of your products and services.
• Brief
This section may include about of
the name your core
your team.
scrap metal business, its location, when it was
founded, the type of scrap metal business
• Financial highlights.(E.g., scrap metal collection &To unlock help try Upmetrics! 
recycling, scrap metal
trading, scrap metal processing & sorting, scrap metal brokerage, scrap metal exposing), etc.
• Call to action.
Start writing here..

Market opportunity

 Help tip  Scrap Metal Business Plan

Summarize your market research, including market size, growth potential, and marketing
trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.

To unlock help try Upmetrics! 

Start writing here..

Services Offered

 Help tip  Scrap Metal Business Plan

Highlight the scrap metal services you offer your clients. The USPs and differentiators you offer
are always a plus.

For instance, you may include sorted & processed scrap metal, shreddedToscrap
unlock help try Upmetrics! 
metal, scrap
metal collection, scrap metal recycling, or scrap metal processing as some of your services.
Start writing here..

Scrap Metal Business Plan | Business Plan 2023 7/50

Marketing & Sales Strategies

 Help tip  Scrap Metal Business Plan

Outline your sales and marketing strategies—what marketing platforms you use, how you plan
on acquiring customers, etc.

To unlock help try Upmetrics! 

Start writing here..

Financial Highlights

 Help tip  Scrap Metal Business Plan

Briefly summarize your financial projections for the initial years of business operations. Include
any capital or investment requirements, associated startup costs, projected revenues, and
profit forecasts.
To unlock help try Upmetrics! 

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 8/50

Units Sold v/s Revenue

Units Sold Revenue

15.00k

10.00k

5.00k

0
Year 1 Year 2 Year 3

End of interactive chart.

Financial Year Units Sold Revenue

Year 1 1,550 $10,000

Year 2 1,800 $12,000

Year 3 2,050 $14,000

 Help tip  Scrap Metal Business Plan

Summarize your executive summary section with a clear CTA, for example, inviting angel
investors to discuss the potential business investment.

To unlock help try Upmetrics! 

Write a call to action for your business plan.

Scrap Metal Business Plan | Business Plan 2023 9/50

2.

Company Overview

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 Depending on what details of your business are essential, you’ll need
different elements in your business overview.

To unlock help try Upmetrics! 

Still, there are some foundational elements like business name, legal
structure, location, history, and mission statement that every business
overview should include.
 Help tip  Scrap Metal Business Plan

Describe your business in this section by providing all the basic information:

Describe what kind of scrap metal company you run and the name of it. You may specialize in
To unlock help try Upmetrics! 
one of the following scrap metal businesses:

• Scarp metal collection and recycling

Start writing here..
• Scrap metal trading
• Scrap metal processing and sorting
Ownership
• Scrap metal brokerage
• Scrap metal exporting
• Scrap
tip metal
 Help consulting and
Scrap Metal advisory
Business Plan

Describe the legal structure of your scrap metal company, whether it is a sole proprietorship,
List the names of your scrap metal company’s founders or owners. Describe what shares they
LLC, partnership, or others.
own and their responsibilities for efficiently managing the business.
Explain where your business is located and why you selected the place. To unlock help try Upmetrics! 

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 11/50

Mission statement

 Help tip  Scrap Metal Business Plan

Summarize your business’ objective, core principles, and values in your mission statement. This
statement needs to be memorable, clear, and brief.

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❛ At [Your Scrap Metal Business Name], we strive to redefine

excellence in the scrap metal industry. Committed to
sustainability, innovation, and client satisfaction, our mission is
to provide top-tier scrap metal solutions while championing
environmental responsibility.

Our core principles revolve around integrity, quality, and

unparalleled service, ensuring we remain at the forefront of
industry advancements.

❜
Business history

 Help tip  Scrap Metal Business Plan

If you’re an established scrap metal service provider, briefly describe your business history, like
—when it was founded, how it evolved over time, etc.

Additionally, If you have received any awards or recognition for excellentTo unlock help try Upmetrics! 
work, describe them.

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 12/50

Future goals

 Help tip  Scrap Metal Business Plan

It’s crucial to convey your aspirations and vision. Mention your short-term and long-term goals;
they can be specific targets for revenue, market share, or expanding your services

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Start writing here..

Scrap Metal Business Plan | Business Plan 2023 13/50

3.

Market Analysis

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 Market analysis provides a clear understanding of the market in which your
printing business will run along with the target market, competitors, and
growth opportunities.
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Your market analysis should contain the following essential components:

 Help tip  • Target

Scrap Metalmarket.
Business Plan

• Market size and growth potential.

To write the introduction section of your market analysis, start by clearly identifying your
• Competitive analysis.
primary target market.
• Market trends.
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Mention specific industries or sectors
• Regulatory that your business aims to serve. Next,
environment. define your ideal
customer by listing the attributes they value most, such as quality, affordability, or
convenience.
Start writing here..

Finally, discuss the insights gained from your market research. Highlight the needs and
preferences of your potential clients, and explain how your products or services meet those
Target Market
specific demands.

This will set a strong foundation for the rest of your market analysis, demonstrating that you
 Help tip  Scrap Metal
have a clear understanding
Business Plan
of your target audience and their needs.

Start this section by describing your target market. Define your ideal customer and explain what
types of services they prefer. Creating a buyer persona will help you easily define your target
market to your readers.
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For instance, industrial manufacturers, construction & demolition companies, metal fabrication
& machine
Start shops, government agencies, or small businesses would be an ideal target audience
writing here..
for a scrap metal business.

Market size and growth potential

 Help tip  Scrap Metal Business Plan

Describe your market size and growth potential and whether you will target a niche or a much
broader market.

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For instance, the market size of scrap metal will grow to USD 83.77 million in 2028, so define
how narrow or broad you target your market and the potential growth of that particular
segment.
Start writing here..

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Market Size

Available Market
Total global market for scrap metal
services.
150M
Served Market
Portion of the market our services
cater to.
50M
Target Market
Our primary focus within the served
market.
10M

 Help tip  Scrap Metal Business Plan

Identify and analyze your direct and indirect competitors. Identify their strengths and
weaknesses, and describe what differentiates your scrap metal services from them.

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Point out how you have a competitive edge in the market.

Competitive analysis

Schnitzer Steel Industries

Schnitzer Steel Industries is a global leader in the metal recycling industry, with extensive operations
that include collecting, processing, and selling ferrous and non-ferrous scrap metal. They have a
strong network of recycling facilities and export terminals across North America and Asia.

Features Strengths Weaknesses

Collection and processing of Strong global presence with Reliance on global market
both ferrous and non-ferrous well-established infrastructure. conditions, which can be volatile.
scrap metal.
Diverse range of services Challenges in managing
Sale of recycled metal to steel catering to various customer operational costs due to
mills and foundries globally. needs. fluctuating commodity prices.

Auto recycling business that Robust environmental

provides used auto parts to compliance and sustainability
retail and wholesale initiatives.
customers.

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Sims Limited
Sims Limited is a global leader in metal recycling, with a focus on providing sustainable solutions for
the recovery and recycling of scrap metal. They have a significant presence in North America, Europe,
and Asia, offering a wide range of recycling services.

Features Strengths Weaknesses

Metal recycling services for Strong global network and Vulnerability to fluctuations in
ferrous and non-ferrous metals. industry presence. global commodity prices.

E-waste recycling and IT asset Comprehensive range of Dependence on regulatory

disposal services. services catering to diverse compliance in multiple
markets. jurisdictions.
Circular economy solutions for
various industries. Commitment to sustainability
and circular economy
principles.

Commercial Metals Company

Commercial Metals Company (CMC) specializes in recycling ferrous and non-ferrous metals and
manufacturing steel products. They have a significant presence in the United States and Europe, with a
focus on providing innovative and sustainable solutions.

Features Strengths Weaknesses

Recycling of ferrous and non- Strong manufacturing Limited global presence
ferrous scrap metal. capabilities with a focus on compared to competitors.
innovation.
Manufacturing of steel Exposure to fluctuations in steel
products, including rebar and Comprehensive range of prices and market demand.
wire rod. products and services.

Sustainable practices and Commitment to environmental

environmental compliance. sustainability and compliance.

Market trends

 Help tip  Scrap Metal Business Plan

Analyze emerging trends in the industry, such as technology disruptions, changes in customer
behavior or preferences, etc. Explain how your business will cope with all the trends.

For instance, environmental sustainability has a booming market; explainTohow

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you plan on
dealing with this potential growth opportunity.
Start writing here..

Scrap Metal Business Plan | Business Plan 2023 17/50

Regulatory environment

 Help tip  Scrap Metal Business Plan

List regulations and licensing requirements that may affect your scrap metal company, such as
licensing & permits, environmental regulations, theft prevention & compliance, health & safety
regulations, export & import regulations, etc.
To unlock help try Upmetrics! 

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 18/50

4.

Products and Services

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 The product and services section of a scrap metal business plan should
describe the specific services and products that will be offered to customers.
To write this section should include the following:
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• Introduce what you are gonna offer.

• List products/services with detailed descriptions.
 Help tip  Scrap Metal Business Plan
• Pricing structure.
• Product/service
To craft the introduction lifecycle.
for your "Products and Services" chapter, begin by positioning your
business within its industry, emphasizing
• Safety and qualityits unique strengths or value proposition.
assurance.
• Support and warranty.
Highlight not only the tangible products or services you offer but also theTooverarching
unlock help try Upmetrics! 
benefits
or solutions they provide to customers. Mention any key resources or expertise that elevate
your
Start offerings,
writing here.. such as advanced technology or a dedicated team.

Conclude the introduction by signposting readers to the deeper exploration of your offerings in
the following sections. This approach ensures that readers understand the context,
 Help tip
significance, and scope of what your business brings to the table.

Mention the scrap metal products & services your business will offer. This list may include:

• Sorted & processed scrap metal

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• Shredded scrap metal
• Scrap metal purchasing
Scrap• Scrap
metal products & services
metal collection
• Metal recycling
Sorted & Processed Scrap Metal
• Metal processing and sorting
Price: [$150] per ton
• Scrap metal demolition


Our sorted and processed scrap metal is meticulously
separated and cleaned, ensuring you receive only the
highest quality metal, ready for manufacturing or
recycling.

Specifications

• Types of metals included: Iron, Copper, Aluminum,

and Brass

• Cleanliness: 99% free from contaminants

• Size specifications: Pieces range from 2 to 5 inches in

length

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 Shredded Scrap Metal
Price: [$100] per ton


Utilizing state-of-the-art machinery, our shredded scrap
metal service breaks down large metal items into
manageable pieces, facilitating easier transportation and
recycling.

Specifications

• Shred size: 1 to 3 inches in length

• Types of metals accepted: All types, excluding

hazardous materials

• Maximum item size for shredding: 6 feet in length and

2 feet in width

Scrap Metal Collection

Price: [$50] per pickup


Our comprehensive scrap metal collection service
ensures timely and efficient removal of all your scrap
metal, with the convenience of scheduled pickups.

Specifications

• Maximum weight per pickup: 2 tons

• Service area: Within 50 miles of [Your Business

Location]

• Collection frequency: Weekly, bi-weekly, or monthly

options available

Scrap Metal Business Plan | Business Plan 2023 21/50

 Metal Recycling
Price: Prices vary based on the type and amount of


metal to be recycled; contact us for a quote.

Our eco-friendly metal recycling service transforms your

scrap metal into valuable resources, contributing to
environmental sustainability.

Specifications

• Acceptable metals: Iron, Copper, Aluminum, Brass,

and Stainless Steel

• Non-acceptable items: Electronics, batteries, and

hazardous materials

• Recycling process: Sorting, cleaning, shredding, and

melting

Metal Testing Analysis

Price: [$30] per analysis


Our metal testing analysis service provides detailed
insights into the quality and type of metal, empowering
you to make informed decisions.

Specifications

• Analysis includes: Composition, purity, and grade

• Report delivery: Within 48 hours of testing

• Sample size required: At least 500 grams of metal

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 Scrap Metal Management Consulting
Price: [$100] per hour


Leverage the expertise of our industry professionals to
optimize your scrap metal management processes and
boost efficiency.

Specifications

• Consultation areas: Process optimization, cost

reduction, and compliance

• Available formats: In-person or virtual consultations

• Minimum consultation time: 1 hour

Quality measures

 Help tip  Scrap Metal Business Plan

This section should explain how you maintain quality standards and consistently provide the
highest quality service.

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This may include scrap metal testing & analysis, safety protocols & equipment, efficient sorting
& processing, continuous improvement & training, etc.
Start writing here..

Additional Services

 Help tip  Scrap Metal Business Plan

Mention if your scrap metal company offers any additional services. You may include services
like metal testing analysis, scrap metal collection & transportation, scrap metal management
consulting, etc.
To unlock help try Upmetrics! 

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 23/50

5.
Sales And Marketing
Strategies

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 Writing the sales and marketing strategies section means a list of strategies
you will use to attract and retain your clients.

Here are some key points to include in your marketing To unlock help try Upmetrics! 
plan:

• Define a unique selling proposition (USP).

 Help Tip  Scrap Metalpricing
• Explain Business Plan
strategy.
• Marketing strategies.
To create an effective introduction for your "Sales and Marketing Strategies" chapter, start by
setting the stage within• your
Salesspecific
strategies.
industry or market.
• Customer retention.
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Emphasize the competitive nature of your field and the importance of both quality services and
strategic marketing in this context.
Start writing here..
Clearly state the objectives of your sales and marketing strategies, which should include
maximizing outreach, fostering engagement, and achieving sustained growth.

Unique Selling
Additionally, Proposition
mention (USP)or approaches you will employ, whether traditional
the specific techniques
or modern, to establish your brand as the preferred choice for your target audience. This
introduction provides a clear overview and prepares readers for the detailed strategies that
 Help tip
follow.  Scrap Metal Business Plan

Define your business’s USPs depending on the market you serve, the equipment you use, and
the unique services you provide. Identifying USPs will help you plan your marketing strategies.

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For example, competitive pricing, environmentally friendly practices, expertise & knowledge, or
extensive network or resources could be some of the great USPs for a professional scrap metal
company.
Start writing here..

Pricing Strategy

 Help tip  Scrap Metal Business Plan

Describe your pricing strategy—how you plan to price your products & services and stay
competitive in the local market. You can mention any discounts you plan on offering to attract
new customers.
To unlock help try Upmetrics! 

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 25/50

  Help tip  Scrap Metal Business Plan

Discuss your marketing strategies to market your services. You may include some of these
marketing strategies in your business plan— Google ads, brochures, email marketing, content
marketing, etc.
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Marketing strategies

Online

Google Ads Email Marketing

 Utilizing targeted Google Ads

campaigns to capture the attention
 Engaging our existing customer
base and potential leads through
of potential customers actively regular email newsletters
searching for scrap metal services. highlighting our services,
promotions, and industry news.

Content Marketing

 Developing valuable content such

as blog posts and infographics to
educate our audience and
establish [Your Scrap Metal
Business Name] as an industry
authority.

Offline

Brochures

 Distributing informative brochures at local businesses and community centers to

increase local awareness.

Scrap Metal Business Plan | Business Plan 2023 26/50

  Help tip

Outline the strategies you’ll implement to maximize your sales. Your sales strategies may
include partnering with other businesses, offering referral programs, etc.

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Sales strategies

Partner with Businesses Engage with Universities

 Establishing partnerships with

local businesses to expand our
 Establishing programs with
[specific universities or institutes,
customer base. e.g., "XYZ University's Engineering
Department"] to cater to academic
projects and research.

Referral Programs

 Implementing referral programs

that reward existing customers for
bringing in new business.

 Help tip

Describe your customer retention strategies and how you plan to execute them. For instance,
introducing loyalty programs, discounts & offers, personalized service, etc.

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Customer retention

Loyalty Programs Discounts and Offers

 Offering loyalty programs that

provide discounts and exclusive
 Regularly introducing discounts
and special offers to encourage
offers to repeat customers. repeat business.

Personalized Service

 Providing personalized services

tailored to meet the unique needs
of each customer, ensuring
satisfaction and repeat business.

Scrap Metal Business Plan | Business Plan 2023 27/50

6.

Operations Plan

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 When writing the operations plan section, it’s important to consider the
various aspects of your business operations.

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Here are the components to include in an operations plan:

• Describe the operational process.

 Help tip  Scrap Metal Business
• Describe Plan chain.
your supply
• Customer satisfaction.
To create an effective introduction for your "Operational Plan" chapter, start by emphasizing the
pivotal role of efficient •operations
Equipmentin&the
Machinery.
success of your business, underscoring how they
directly impact the quality of services delivered.
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Make it clear that operational excellence is crucial for fulfilling your commitments to customers
and
Start ensuring
writing optimal outcomes.
here..

Then, briefly outline what readers can expect in this chapter, mentioning key areas you'll cover
such as staffing, operational processes, and facilities.
Staffing & Training
This introduction sets the stage by highlighting the significance of operational planning and
piques the reader's interest in the detailed insights to come.
 Help tip  Scrap Metal Business Plan

Mention your business’s staffing requirements, including the number of employees or

warehouse personnel needed.

Include their qualifications, the training required, and the duties they will To unlock help try Upmetrics! 
perform.

Start writing here..

Operational Process

 Help tip  Scrap Metal Business Plan

Outline the processes and procedures you will use to run your scrap metal business.

Your operational processes may include sourcing & acquisition of scrap metal, sorting &
To unlock help try Upmetrics! 
grading, processing & preparation, inventory management, sales & marketing, financial
management, etc.
Start writing here..

Scrap Metal Business Plan | Business Plan 2023 29/50

Equipment & Machinery

 Help tip  Scrap Metal Business Plan

Include the list of equipment and machinery required for scrap metal, such as sorting & grading
equipment, scrap metal collection equipment, processing equipment, safety & environmental
equipment, etc.
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Start writing here..

Scrap Metal Business Plan | Business Plan 2023 30/50

7.

Management Team

Scrap Metal Business Plan | Business Plan 2023 31/50

 The management team section provides an overview of the individuals
responsible for running your business plan.

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This section should provide a detailed description of the experience and
qualifications of each manager, as well as their responsibilities and roles.

 Help tip  • Describe

Scrap the rolePlan
Metal Business and responsibilities of the Founders/CEO.
• List the core team.
To craft an introduction for your "Management Team" chapter, begin by emphasizing the crucial
• Describe organizational structure.
role of leadership in the success of any business.
• Compensation plan.
Highlight your company's commitment
• List to having a strong and dedicatedTo
Advisors/Consultants.
unlock help try Upmetrics! 
management team.
Showcase the diversity and expertise of your team members, illustrating how their varied
backgrounds
Start writing here..contribute to the overall strength of your organization.

Conclude by emphasizing the team's experience and how it positions your program as a leader
in your industry.
Key managers
This introduction will set the stage for readers to understand the significance and capabilities
of your management team, creating a positive impression as they delve into the details of each
 Help tip  and
team member's role
Scrap Metal Business Plan
contributions in the subsequent sections.

Introduce your management and key members of your team, and explain their roles and
responsibilities.

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It should include, key executives(e.g. COO, CMO.), senior management, and other department
managers (e.g. operations manager, customer services manager, procurement manager, sales
manager.)
Start involved in the scrap metal business operations, including their education,
writing here..
professional background, and any relevant experience in the industry.

JOHN DOE
Founder and CEO - [email protected]

With over 15 years of experience in the scrap metal industry, John is the
visionary behind [Your Scrap Metal Business Name].

He holds a Bachelor's degree in Business Administration and a Master's degree

in Environmental Management.

Scrap Metal Business Plan | Business Plan 2023 32/50

 JANE DOE
Chief Operating Officer (COO) - [email protected]

Jane brings over 10 years of operational excellence to [Your Scrap Metal

Business Name]. She holds a Bachelor's degree in Industrial Engineering and an
MBA.

Her experience spans various industries, providing her with a versatile approach
to operational management.

ALICE BROWN
CMO - [email protected]

With a keen eye for market trends, Alice is the creative force behind the
marketing initiatives at [Your Scrap Metal Business Name].

She has a Bachelor's degree in Marketing and over 8 years of industry

experience, providing a solid foundation for strategic marketing planning.

ROBERT BROWN
Operations Manager - [email protected]

Robert is dedicated to ensuring the smooth operation of all business processes.

He has a Bachelor's degree in Operations Management and 10 years of
experience in the industry.

His keen attention to detail and process optimization skills are pivotal to the
company's success.

EMILY WHITE
Customer Services Manager - [email protected]

Emily is passionate about customer satisfaction and building lasting

relationships. She has a Bachelor's degree in Communications and over 6 years
of customer service experience.

Her commitment to excellence is reflected in her ability to manage customer

relations effectively.

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 MICHAEL JOHNSON
Procurement Manager - [email protected]

Michael is responsible for sourcing the highest quality scrap metal for [Your
Scrap Metal Business Name].

With a Bachelor's degree in Supply Chain Management and over 7 years of

experience, he has developed a keen eye for identifying the best suppliers in the
industry.

Organizational structure

 Help tip  Scrap Metal Business Plan

Explain the organizational structure of your management team. Include the reporting line and
decision-making hierarchy.

To unlock help try Upmetrics! 

Start writing here..

Organization chart

John Doe
CEO

Michael Johnson
Alice Brown Jane Doe Procurement Manager
CMO COO

Emily White
Robert Brown Customer Service
Operations Manager Manager

End of interactive chart.

Scrap Metal Business Plan | Business Plan 2023 34/50

Compensation plan

 Help tip  Scrap Metal Business Plan

Describe your compensation plan for the management and staff. Include their salaries,
incentives, and other benefits.

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Start writing here..

 Help tip

Mentioning advisors or consultants in your business plans adds credibility to your business
idea.

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So, if you have any advisors or consultants, include them with their names and brief information
consisting of roles and years of experience.
Advisors/Consultants

[ADVISOR NAME]
Advisor

With [X] years of experience in [relevant industry/field], [Advisor's Name] serves

as a crucial advisor, providing insights into [specific areas of advice].

[CONSULTANT NAME]
Consultant

As our consultant in [specific field], [Consultant's Name] brings [X] years of

experience and plays a vital role in [specific consulting area].

Scrap Metal Business Plan | Business Plan 2023 35/50

8.

Financial Plan

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 When writing the financial plan section of a business plan, it’s important to provide a comprehensive overview of your financial
projections for the first few years of your business, You may provide the following:

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• Introduction.
• Add startup costs (for new businesses).
• Profit & Business
loss statement.
 Help tip  Scrap Metal Plan
• Cash Flow Statement.
To create an effective introduction for your "Financial Plan" chapter, begin by stressing the critical role of a well-structured financial plan in the
• Balance sheet.
success of your venture.
• Break-even analysis.
• Sales
Emphasize how this plan as the foundation for sustainability and profitability while keeping your services affordableToand
forecast.
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accessible.
• Financing needs.
Mention that the upcoming section will provide detailed insights into your projected financial statements, outlining revenue streams, expenses,
Start writing here..
and the strategic path to financial stability.

This introduction will help your readers understand the significance of the financial plan and its alignment with your mission and goals, setting

theHelp tip
stage  Scrap
for a deeper Metal Business Plan
exploration of your financial strategy.

Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement. Make sure to include
your business’s expected net profit or loss.

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Profit & loss statement

2023-24 2024-25 2025-26 2026-27 2027-28

Revenue $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 37/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Cost Of Sales $0 $0 $0 $0 $0

General Costs $0 $0 $0 $0 $0

Revenue Specific Costs $0 $0 $0 $0 $0

Personnel Costs (Direct

$0 $0 $0 $0 $0
Labor)

Gross Margin $0 $0 $0 $0 $0

Gross Margin (%) 0% 0% 0% 0% 0%

Operating Expense $0 $0 $0 $0 $0

Payroll Expense
$0 $0 $0 $0 $0
(Indirect Labor)

General Expense $0 $0 $0 $0 $0

Bad Debt $0 $0 $0 $0 $0

Amortization of Current
$0 $0 $0 $0 $0
Assets

EBITDA $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 38/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Additional Expense $0 $0 $0 $0 $0

Long Term
$0 $0 $0 $0 $0
Depreciation

Gain or loss from Sale

$0 $0 $0 $0 $0
of Assets

EBIT $0 $0 $0 $0 $0

Interest Expenses $0 $0 $0 $0 $0

EBT $0 $0 $0 $0 $0

Income Tax Expense $0 $0 $0 $0 $0

Total Expense $0 $0 $0 $0 $0

Net Income $0 $0 $0 $0 $0

Net Income (%) 0% 0% 0% 0% 0%

Retained Earning
$0 $0 $0 $0 $0
Opening

Owner's Distribution $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 39/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Retained Earning
$0 $0 $0 $0 $0
Closing

 Help tip  Scrap Metal Business Plan

The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices,
payment receipts, loan payments, and any other cash flow statements.

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Cash flow statement

2023-24 2024-25 2025-26 2026-27 2027-28

Cash Received $0 $0 $0 $0 $0

Cash Paid $0 $0 $0 $0 $0

COS & General Expenses $0 $0 $0 $0 $0

Salary & Wages $0 $0 $0 $0 $0

Interest $0 $0 $0 $0 $0

Sales Tax $0 $0 $0 $0 $0

Income Tax $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 40/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Net Cash From

$0 $0 $0 $0 $0
Operations

Assets Sell $0 $0 $0 $0 $0

Assets Purchase $0 $0 $0 $0 $0

Net Cash From

$0 $0 $0 $0 $0
Investments

Amount Received $0 $0 $0 $0 $0

Loan Received $0 $0 $0 $0 $0

Common Stock

Preferred Stock $0 $0 $0 $0 $0

Owner's Contribution $0 $0 $0 $0 $0

Amount Paid $0 $0 $0 $0 $0

Loan Capital $0 $0 $0 $0 $0

Dividends & Distributions $0 $0 $0 $0 $0

Net Cash From

$0 $0 $0 $0 $0
Financing

Scrap Metal Business Plan | Business Plan 2023 41/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Summary

Starting Cash $0 $0 $0 $0 $0

Cash In $0 $0 $0 $0 $0

Cash Out $0 $0 $0 $0 $0

Change in Cash $0 $0 $0 $0 $0

Ending Cash $0 $0 $0 $0 $0

 Help tip  Scrap Metal Business Plan

Create a projected balance sheet documenting your scrap metal business’s assets, liabilities, and equity.

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Balance sheet

2023-24 2024-25 2025-26 2026-27 2027-28

Assets $0 $0 $0 $0 $0

Current Assets $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 42/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Cash $0 $0 $0 $0 $0

Accounts Receivable $0 $0 $0 $0 $0

Inventory $0 $0 $0 $0 $0

Other Current Assets $0 $0 $0 $0 $0

Long Term Assets $0 $0 $0 $0 $0

Gross Long Term Assets $0 $0 $0 $0 $0

Accumulated Depreciation $0 $0 $0 $0 $0

Liabilities & Equity $0 $0 $0 $0 $0

Liabilities $0 $0 $0 $0 $0

Current Liabilities $0 $0 $0 $0 $0

Accounts Payable $0 $0 $0 $0 $0

Income Tax Payable $0 $0 $0 $0 $0

Sales Tax Payable $0 $0 $0 $0 $0

Short Term Debt $0 $0 $0 $0 $0

Long Term Liabilities $0 $0 $0 $0 $0

Long Term Debt $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 43/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Equity $0 $0 $0 $0 $0

Paid-in Capital $0 $0 $0 $0 $0

Common Stock $0 $0 $0 $0 $0

Preferred Stock $0 $0 $0 $0 $0

Owner's Contribution $0 $0 $0 $0 $0

Retained Earnings $0 $0 $0 $0 $0

Check $0 $0 $0 $0 $0

 Help tip  Scrap Metal Business Plan

Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.

This exercise will help you understand how much revenue you need to generate to sustain or be profitable.
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Break-even Analysis

2023-24 2024-25 2025-26 2026-27 2027-28

Starting Revenue $0 $0 $0 $0 $0

Scrap Metal Business Plan | Business Plan 2023 44/50

 2023-24 2024-25 2025-26 2026-27 2027-28

Net Revenue $0 $0 $0 $0 $0

Closing Revenue $0 $0 $0 $0 $0

Starting Expense $0 $0 $0 $0 $0

Net Expense $0 $0 $0 $0 $0

Closing Expense $0 $0 $0 $0 $0

Is Break Even? 0 0 0 0 0

Break Even Month 0 0 0 0 0

Days Required 0 0 0 0 0

Break Even Revenue $0 $0 $0 $0 $0

Break Even Units

Scrap Metal Business Plan | Business Plan 2023 45/50

Financing needs

 Help tip  Scrap Metal Business Plan

Calculate costs associated with starting a scrap metal business, and estimate your financing needs and how much capital you need to raise to
operate your business.

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Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Start writing here..

Scrap Metal Business Plan | Business Plan 2023 46/50

Scrap Metal Business Plan | Business Plan 2023 47/50
9.

Appendix

Scrap Metal Business Plan | Business Plan 2023 48/50

 When writing the appendix section, you should include any additional
information that supports the main content of your plan. This may include
financial statements, market research data, legal documents, and other
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relevant information.

• Include a table of contents for the appendix section to make it easy for
readers to find specific information.
• Include financial statements such as income statements, balance
sheets, and cash flow statements. These should be up-to-date and
show your financial projections for at least the first three years of your
business.
• Provide market research data, such as statistics on the size of the
printing industry, consumer demographics, and trends in the industry.
• Include any legal documents such as permits, licenses, and contracts.
• Provide any additional documentation related to your business plans,
such as marketing materials, product brochures, and operational
procedures.
• Use clear headings and labels for each section of the appendix so that
readers can easily find the information they need.

Remember, the appendix section of your business plan should only include
relevant and important information that supports the main content of your
plan.

Scrap Metal Business Plan | Business Plan 2023 49/50

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