HUGE business deal need help

Etack, that helped a lot! So basically I can tell him, "the product will need to be inspected and paid for after delivery. A good rule is 5 days after delivery" We pay 5 days after delivery and inspection. And I can take his pay out of the money I get from the scrap yard. Correct?



Wayne, I'm not entirely sure what you mean. Can you please explain in simpler terms?

Now there's a lot of scrapyards near by but the one in Nj has the BEST prices but it's too far away. If I hv to rent a truck I'll be charged for mileage and gas. So maybe I use a closer one (to see how things go) but the pay won't be as good. And I won't be able to buy as High.

I can carry three pallets with gaylords on my small tacoma and 4x8 trailer. Something to keep in mind. If I'm going short distances, I can stack pallets depending on weight.

Originally Posted by ScraperRick

Wayne, I'm not entirely sure what you mean. Can you please explain in simpler terms?

Basically feel him out to see if he would be interested in working in a percentage basis of the profit amount after selling the ewaste. Example, he has a gaylord full that he has paid out a total of $1000 for everything in there and you know you can sell it for $2500. Offer him a percentage of the $1500 profit after it sells. Lets say you agree to split the profits 50/50. Along with his initial investment he gets $1750 and you get $750. It is a win/win for you both and you are not out any up front money, and he still makes a profit and does not have to hassle with selling it. This is a bit of an over simplification, but I imagine you get the idea. Eventually you could get enough working capital to just start buying it outright.