RECYCLING PLANT BUSINESS PLAN SAMPLE AND FEASIBILITY STUDY REPORT FORMAT
This article presents a recycling plant business plan sample that can easily be used as a template in writing an effective business plan that will be positively impactful to the business.
With increasing interests in recycling plant business being showed by investors and entrepreneurs, this sector is witnessing steady growth that is set to increase in the coming years.
With its rising popularity however, some entrepreneurs interested in investing in this businessare faced by challenges, especially as it has to do with writing a good business plan for their recycling plant businesses.
We commence with the following table of contents;
– FOR PLASTIC, PAPER ETC
Sample Recycling Plant Business Plan Template and Feasibility Report
- Executive Summary
- Products and Services
- Our Vision
- Our Mission
- Market Analysis/Trends
- Target Market
- Competitive Advantage
- Sales and Marketing Strategy
- Sales Projection
- Payment Channels
- Publicity and Advertising Strategy
We are a licensed recycling plant operating out of Ohio providing a broad range of recycling services that includes bottles, cardboards, aluminium cans and a host of other scraps harmful to the environment. While helping to keep the environment safe, we will be making this our business through becoming a one-stop shop for the supply of raw materials for various companies.
With a workforce that will be selected from a pool of the very best, with well experienced and certified technicians whose knowledge and experience will be harnessed to ensure that we compete favourably among the top tier recycling plants in America.
Products and Services
The products and services to be offered by us will include the sale of recycled materials that include papers, cardboards, cans, tyres, plastic bags and metals among several others. With the superior services to be offered by us, we will select a group of recycling ambassadors which in include people with passion for the environment. These ambassadors will be equipped to give talks in forums and shows related to the safety of the environment.
Their jobs will be to sensitize people on the advantages of buying recycled products and also helping in ensuring that they separate their wastes into different categories to help in faster sorting of materials for recycling.
Our vision is to be among the foremost recycling companies within the United States within the first 5 years of commencing operations. The drive will see us engaging all available legal means to ensure that we achieve this lofty aim.
Our mission at Recycle-It LLC will be to ensure that while providing a vital service, which is the protection of the environment, we also derive healthy profits from our activities to sustain our future expansion plans.
Instead of what was commonplace especially among the manufacturers of goods, where virgin raw materials were always sourced for any production, there has gradually been a shift in the preference for recycled materials for production. This is fueled by the advancement in technology where almost every material can be broken down to useful component parts or renewed for further use.
Governments across the world, seeing the advantages presented by recycling, in saving the environment, have endorsed and promoted this initiative. Today, the recycling business is considered so vital to the stability of the ecosystem.
With the provision of only the best products and services, the market for this products and services is very important. This is why Recycle-It LLC has its target market where its goods and services will be consumed or used.
The competitive advantage we have over our competitors providing similar services is that we ensure that our workforce are highly appreciated and motivated. A way of motivating the workforce includes ensuring that they have attractive remuneration packages, with bonuses for any exceptional act.
Also, we ensure that we hire only the very best. As such our pool of workforce is going to be drawn from a group of highly skilled and knowledgeable experts.
Sales and Marketing Strategy
Our marketing department will be properly positioned for high performance. This department will be run by highly qualified marketing experts that will ensure that our services reach our target population. Also, our marketing department will be better positioned to spread awareness on the critical services we render.
Using the current market growth indices, we have come up with a projection that sees our company enjoying robust growth within our first three years of operations. This growth will be driven both by the highly skilled staff in our employ, and also by the economic indicators within the recycling industry.
However, factors such as natural disasters and economic downturn have been discounted in reaching this conclusion. The table below shows a simple sketch of this;
- First Year $340,000
- Second Year $550,500
- Third Year $800,000
We have ensured that we have a wide variety of payment platforms to cater for all our unique customer needs. Among the list of accepted payment methods are the use of the POS machine, acceptance of cash payments, acceptance of credit cards, mobile banking, cheques among other channels of payments.
Publicity and Advertising Strategy
The publicity and advertising strategies to be deployed will be broad based, consisting of the different advertising media. As such, we will be making use of the local radio and TV stations in spreading word about our services. Fliers and banners will be included in our list of advert strategies to be employed.
However, we will not forget the old and efficient method which is the word of mouth marketing. Although an age-long method, this is still efficient today in spreading word about particular services.
This recycling plant business plan sample contains all the necessary points needed in writing an engaging and interesting business plan. Entrepreneurs can follow the format laid out here and supply information specific to their recycling plant businesses.