Company

Company Summary

The legal name of the company will be Mid-Atlantic Recycling, LLC. Mid-Atlantic Recycling will be formed as a Limited Liability Company in West Virginia. Due to its tax benefits, a LLC will be advantageous.

Company Ownership

Mid-Atlantic Recycling is owned by its founder and president, Oliver Pyne. Mr. Pyne will be an active participant in management decisions. 

Start-up Summary

Our start-up costs will be $1,000,000. The funds will be primarily used for the following:

Capital Asset Purchases
Processing Plants  2 x $190,460	$380,920
Processing Plants built in-house  2 x $40,000	$80,000
Sheds 48'x72'  4 x $18,500	$74,000
Skid Truck  2 x $73,000 (avg price)	$146,000
Backhoe	$40,000
Front-end Loader  2 x $50,000	$100,000
Tandem Dump Trailer	$6,000
Total	$826,920

Detail of start-up assumptions are shown in the following tables and chart.

Start-up Requirements
Start-up Expenses
Legal	$500
Phone/utilities deposits	$500
Licenses/tax deposit	$4,000
Insurance	$1,000
Brochures/sales literature	$500
Advertising	$2,500
Employee salaries	$16,680
Skid boxes, 15 @ $3,000 ea.	$45,000
Welding and cutting torch	$10,000
Furniture and supplies	$5,000
Website development	$1,500
Miscellaneous	$5,000
Total Start-up Expenses	$92,180
Start-up Assets
Cash Required	$80,900
Start-up Inventory	$0
Other Current Assets	$0
Long-term Assets	$826,920
Total Assets	$907,820
Total Requirements	$1,000,000

Company Locations and Facilities

Mid-Atlantic Recycling will operate in Monroe County, WV, near the community of Lindside, WV. The Lindside location is approximately 10 miles from Peterstown, WV. The recycling facilities will be located on a 58+ acre property owned by company president, Oliver Pyne; 5 acres will be set aside for the recycling facility set up and operation. This site is ideal as it provides access to local municipalities and to Interstates 77 and 81. Also there is room for expansion as the business grows.

Additionally, Mid-Atlantic Recycling's business location is located in a federally designated "historically underutilized business zone" or HUBZone. As discussed under the Competitive Comparison section below, this designation gives Mid-Atlantic Recycling certain advantages in selling to the government.

As the business expands to additional counties in subsequent years, we will need to lease property on which to site our facilities.

1.1 Government Regulation

Because Mid-Atlantic Recycling recycles a waste product and incorporates it into an environmental product, the company is under the potential jurisdiction of the Environmental Protection Agency. The recycling and sale of human waste may be regulated by federal or state authorities. Mid-Atlantic Recycling will obtain all required federal and state permits and licenses to operate its facilities