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Scrap Metals

About Startup Costs

The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.

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Business At A Glance

Scrap Metals

Startup Costs: $2,000 - $10,000

About

Franchises Available? No
Online Operation? Yes

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A great recycling venture, a scrap metal depot brings out the shine in eco-friendly businesses.

Business Overview

There are a great number of options open to the creative entrepreneur who is considering starting a recycling business focusing on scrap metals. You can specialize and operate a scrap metal depot that sells various reclaimed metals to metal recycling companies. Or, specialize in one particular type of scrap metal collection and recycling. Owning a scrap metal recycling business is like having your company traded publicly the day it opens for business. Metals are commodities and the price fluctuates on a supply and demand basis, often based on forecasts for the supply and demand for certain types of metals a year or more in advance. Overall, this is a good choice for a recycling business start-up, and the investment can vary from a few thousand dollars to hundreds of thousands of dollars.