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There's money in Junk

Posted by Francis Isberto | Labels: | Posted On Tuesday, November 3, 2009 at 7:18 PM




It's a dirty business but there's money in it. Junk shop is one of the most disregard business in the entrepreneurship world. People always look at the clean ones and the easy ones. Little did they know that if you collect a lot of junk you can make serious money out of it. From metals to plastics to papers and rubber... everything can be converted into cash. You just need a large space to collect your junk.

And since we are Eco-friendly, the junk shop business comes hand in hand with the government recycling program.

Here is what you need:

Open lot or idle property (if you have no vacant lot look for an old warehouse that is for rent)
Weighing scale (Bascula)
50-kg. countertop/hanging weighing scale
2 Metal push-cart (cartilla)
Acethyline Torch and Gas Tank
Pulley
Tools (steel saw, pliers, vice grips, screw drivers, hammer, “baretta de cabra”, etc.)
Vehicle, pick-up-truck (an old jeep will do)

You need all the manpower that you can get; you need to assigned somebody to monitor the inventory and you need several helpers to carry those junks.

Sourcing of Potential Clients
Clients are recycling agents to whom the junkshop owner will be selling the junk items, which have been sorted and segregated. The junkshop owner must search the market for several possible recycling agents to get the best deal possible such as a lock-in period with regard to the buying price of a specific item within one month. Cost of delivery/pick-up also affects the price and should always be taken into consideration. The junkshop owner must bargain for the best deal possible and coordinate with the respective recycling agents as to the payment schedule and volume of deliveries or pick-up. You can talk to Barangay Captains and Village Managers get source of junk. One village alone can bring you a lot of junk.

Walk-in Procedure for Retailers
Retailers are the scavengers, with or without pushcarts, and residents of nearby communities and local business establishments.

Buying

Search for potential wholesellers who have by-products in their businesses that would fall under the categories that the junk shop owner would be buying.
Buy directly from wholesellers/establishments with by-products or junk items.
Tap scavengers by providing them wooden pushcarts (kariton) on the condition that you will have the priority of their junk products and these will be bought at a lower cost to cover for the cost of the cart.
Give incentives (e.g. allow advances up to a certain amount to maintain the in-flow of materials, with the limit on advance and up to the prerogative of the junk shop owner)

Selling
Sourcing of potential clients must be a continuous process.
The following are the basic factors to consider as to whom each type of item/material is to be sold: a) payment terms; b) schedule and volume of pick-up and/or delivery.
If there is a broker or agent for the client, it should be pre-agreed upon by both the Junk Shop and the Client that all payments should be made directly to the Junk Shop owner or his duly authorized representative.

REGISTRATION REQUIREMENTS

Business Name Registration
For Sole Proprietorship:
Department of Trade and Industry (DTI) within the National Capital Region (NCR)

12/F Trafalgar Plaza, 105 H.V. Dela Costa St., Salcedo Village, Makati City
Tel. No.: 811.8232 loc. 208
2/F Park N’Ride, Lawton, P. Burgos Ave., Dr. Basa St. Ermita, Manila
Tel. No.: 536.7153
G/F Highway 54 Plaza, EDSA, Mandaluyong City (across SM Megamall)
Tel. No.: 706.1767
5/F Araneta Square Mall, Monumento Circle, Caloocan City
Tel. No.: 332-0854 / 332-0829

For Partnership/Corporation:
Securities and Exchange Commission (SEC)
SEC Building, EDSA, Greenhills
Mandaluyong City
Tel. No.: 584.0923

or contact the concerned Office in the province where the business is located

License to Operate
Mayor’s Permit/Residence Certificate and Sanitary Permit
Contact the local municipality or provincial municipality
where the business is located.

Application for Tax Identification Number (TIN)/
Application for Authority to Print Receipts and Invoices/
Registration of Books and Accounts
Bureau of Internal Revenue (BIR)
BIR National Office Bldg.
Agham Road, Diliman, Quezon City
Trunklines: (632) 981.7000 / 981.8888
Email: contact_us@cctr.bir.gov.ph
Website: www.bir.gov.ph

or contact the Regional or District Office where the
business is located.

TECHNICAL ASSISTANCE

Technology Resource Center (TRC)
TLRC Building, 103 J. Abad Santos cor. Lopez Jaena Sts.,
Little Baguio, San Juan, Metro Manila
Tel. Nos.: (632) 727.6205
Website: www.trc.dost.gov.ph

List of Recycling Centers

Batteries / Tires

Philippine Recyclers, Inc.
Marilao, Bulacan
Tel: 299.6202 to 03

Tire Recycling
711 Vermillion St., Agro Homes
Muntinlupa City
Tel. No.: 861.6350 Fax No.: 862.1452

Caltex Julia Vargas
“Bantay Baterya Project”
Mandaluyong City
Tel. No.: 634.3812

Computers

Envirocycle Philippines, Inc.
Daystar Industrial Park, Pulong
Sta. Cruz, Sta. Rosa, Laguna 4026
Tel. No.: 520.8618 to 19
Fax No.: 520.8546

HMR Super Surplus Bodega
Pioneer corner Reliance Street,
Mandaluyong City
Tel. No.: 634.0526

Paper

Container Corp. of the Phils.
60 Old Samson Road, Balintawak 1106
Tel. No.: 361.9801 to 06
Fax No.: 362.3607

Globe Paper Mills
1000 Gov. E. Pascual Avenue
Malabon, Metro Manila
Tel. No.: 361.2516; 242.7321
Fax No.: 242.0198

Asia Paper Industrial Corp.
62 Gregoria de Jesus St.,
Balintawak, Kalookan City
Tel. No.: 432.8000; 983.8000

Sunrise Paper Mills
3549 M. Delos Reyes St.,
Gen. T. De Leon, Valenzuela, City
Tel. No.: 293.3002; Fax No.: 291.5117

Plastics

PEMA Plastic Mfg., Corp.
80 Mendez Road, Baesa, Quezon City
Tel. No.: 361.2844

Synber Mfg., Inc.
Meliton Espiritu Avenue
corner Sucat Road, ParaƱaque City
Tel. No.: 825.5356/ 826.7827
Fax No.: 826.7228

Polysterene Packaging Council of the Phils. Rm. 900-1 Victoria Bldg.,
UN Ave., Ermita, Manila
Tel. No.: 526.0889 Fax No.: 522.4354

Interpolymer Corporation
Malabo-Maysan, Valenzuela City
Tel. No.: 292.4878 Fax No.: 292.7726

Metals

Alliance Foundry Shop & Eng., Inc.
135 J. Teodoro St., cor. 10th & 11th Ave.
Caloocan City
Tel. No.: 362.0039

Kim Bee Foundry
329 J. Theodoro St., cor. 9th Avenue
Caloocan City
Tel. No.: 361.1173 Fax No.: 365.8783

A. Metal Recycling Corp.
380 Barangka Drive cor. Hinahon St.,
Mandaluyong City
Tel. No.: 533.4719 Fax No.: 533.4717

Hilton Mfg. Corp.
648 T. Santiago St., Linunan
Valenzuela City
Tel. No.: 292.8134


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