Scrap Metal Business Investment Opportunity in Coimbatore, India
Established | 5-10 year(s) |
Employees | 2 - 5 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 5 - 6 thousand |
Run Rate Sales | USD 70 thousand |
EBITDA Margin | 10 - 20 % |
Industries | Steel + 1 more |
Locations | Coimbatore |
Local Time | 5:32 AM Asia / Kolkata |
Listed By | Management Member |
Status | Moderately Active |
- Company engaged in procuring and supplying scrap metal including steel, aluminum, copper, and brass.
- Procure the scrap items from 100+ local vendors, and we have an established relationship with them.
- Our revenue was low last year as we were experimenting with the business module and 3 months back, we started the "procure and supply" method, which is stable, profitable, and risk-free.
- In this module, we procure and outsource the steel materials from the local vendors and supply it to the 5 top-tier steel manufacturing companies in Tamil Nadu, who produce 100 MT to 250+ MT of high-quality steel per day.
- Irrespective of the market price, we are able to make a profit of ₹1/kg due to our potential to trade 18 MT to 50 MT of material per day. Our business has a profit potential of INR 18,000 to INR 50,000 per day. The profit is exclusive of GST & other operational costs.
- As we receive payments from the buyer in 4-7 days, we recirculate the invested amount for the rest of the month to repeat trades.
- This business model has the potential to earn 10%-15% net profit per month.
- As we recirculate the invested amount throughout the year, the gross profit in one year becomes 100%-150% of the invested amount.
Engaged in supplying scrap metal like steel, aluminium, copper, and brass.
Our business does not own any physical assets.
We do not have any office or warehouse, as we procure and directly supply it to the customer and no storage is required.
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Earlier than 15 daysManaging Director, Metal Components, Coimbatore, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Audio Equipment, Middelburg, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Food Import And Export, Chennai, Individual Investor / Buyer connected with the Business