Honeycomb Calcite & Amber Onyx Mine, Stone Quarry (ID: 1147345)

Seller Financing Available!
Asking Price: $1,750,000
Gross Revenue: Not Disclosed
Cash Flow: Not Disclosed
Inventory: n/a
Real Estate: n/a ++
FF&E: n/a
Business Listed by Jason Tucker, J.D., MBAGranite Peaks Mergers & AcquisitionsView All of My Listings
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Business Description

Precious stone mine in Utah producing large blocks, slabs, and smaller stones for use in architectural elements, decor, scultpures, statues, lighting, and counters. Honeycomb Calcite, also known as Amber Onyx, is a marble like stone that is translucent. This quarry contains the only stone like this in the entire world. Current owner has made mine operational, created a customer base where none existed, but has run out of working capital. With many tons of stone unearthed and awaiting cutting, a new owner with working capital can return this mine to full production and make use of the major improvements in large block quarrying the current mining team is using.

About the Business

Year Established: 1995
Number of Employees: 3

Facilities: 60' x 120' shop, multiple storage containers, all mining equipment on 6 acres. Claims are on 1 square mile 10 miles from shop.

Market Outlook/Competition: No competition. Natural monopoly as these are only known veins of this type of stone.

About the Sale

Reason For Selling: Retirement, lack of working capital to put mine into full production.

Training/Support: Current team wants to stay with new owner. Current team has ascended a steep learning curve in working with this new stone.

Seller Financing: up to 50% seller financing available.

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LISTING KEYWORDS: mine, mining, calcite, marble, granite, slab, quarry, deposit, stone, precious.

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