Today we are introducing you to Drew who owns Dee Pee Electrical Contractors, in Roma QLD.
Drew saw some advertising for electrical salvaging services of large machinery while working on a farm in remote Queensland. He saw it as an opportunity to recycle metal, make large returns on his purchases and take his future into his own hands by opening his own electrical salvaging small business.
“The biggest change for me is creating a future for myself. I’m not going to have to rely on other people and employers, I can rely on myself now.”
Continue reading to hear Drew explain his business journey so far with Dee Pee Electrical Contractors.
My business is in scrap metal. This means anything from copper, brass, old car batteries, aluminium, radiators etc. Anything nonmagnetic, I can pull it apart and sell it. I started this business about 2 months ago and I started working with Gordon about a month and a half ago. I’d already started doing stuff and then I got referred to Gordon.
Working on a property and I still do that as well as run my business. So next week I will be doing shearing work on the property so won’t be able to work on my business. I do farm hand work too.
I was referred to Many Rivers by RESQ (Rapid Employment Services Queensland).
I had done it before, but not seriously. No one does it out here, just in the short amount of time I already have a lot of big businesses that I am working with. Santos, a big gas and oil company, is thinking of working with me. I sent flyers out to the farms and I have already been getting calls. In a few weeks I have two tonnes of batteries to pick up in Roma and I already have already collected about 5 tonnes. I buy the old machines at a lower price and I pull it apart and sell at a higher price. For example, if it’s a big electric motor, I can pull the copper out of it because it is worth more.
I got a road train to pick up oil lifts, that pump up oil, the other day and I got them so cheap and when I pulled them apart I was able to sell all the bits for so much more money.
Working with Many Rivers
I speak to Gordon sometimes daily; he just gives me advice and I tell him some things I am thinking because he knows his business stuff so well. I am very rural. For me to go and see Gordon it takes me about a 3 and half hour return trip. I’ve become friends with Gordon. He’s helped me more than just getting me a loan – a million times more than just getting me a loan. That is the least of the help he has given me.
For someone who does not have any business experience Gordon’s support is perfect. I couldn’t get finance anywhere else but Many Rivers. When I get a bigger loan, I can buy a little truck because now the biggest expense for me is carting. I have had problems with hire companies, and this will make it easier.
The loan that I got from Many Rivers was for cashflow purposes – to buy tools.
I think just learning how to get customers and learning how to find the customer. Gordon has helped heaps with that.
The first pay I got and that I am on track to be able to repay my loan back easily and fast.
Future Goals for Dee Pee Electrical Contractors
Hopefully expand, both have it as my full-time job and have employees. I wouldn’t have a business if it was not for Gordon or Many Rivers.
Thank you Drew for sharing your electrical salvaging small business journey so far. We know there are many people out there looking to take the next step towards setting up their own business.
Has this client story inspired you to take the leap? We’re ready when you are.
Please take the Small Business Self-Assessment and see if we are right for you.
Keen to read another client story? Check out Murray’s business story. Murray Webster Bar Slabs is a small business that produces slabs of timber.