Description
This turnkey operation is a rare opportunity to own a fully functioning aggregate mine in central utah. the property sale includes all equipment, a 2.292 ac-ft well right (some maintenance needed), current inventory, existing accounts, and possible employee transfer. power is on the lot and with a small office addition the location could become full-service with sales on site. the mine has seen consistent growth over recent years with plenty of opportunity to continue that trend. over the past three years, production and sales have grown by over 3,000 tons per year, averaging 44,476 tons annually. last year's gross sales were over $467,000 with healthy margins on the products being offered. the north gravel pit operation currently offers 14 different products ranging from state spec. road base to various gravels, sand, crushed products, larger rocks, and boulders. over 35 different pieces of equipment and machinery are included in the sale meaning the new owners will be able to continue production as normal from day 1. road access to the pit is excellent with state route 118 just 1 mile from the pit down a well-maintained gravel road. the pit is just 2.75 miles from main street richfield and 4 miles from i70 providing paved access throughout sevier county as well as central utah. utah's economy is thriving and with the expansion of industry/population throughout the state significant growth opportunities exist for the operation. at current levels, conservative numbers put the pit with over 4,260,000 tons of material remaining with just over 1,160,000 tons mined over the past 30+ years. overburden has been removed from a significant portion of the remaining field, and current workings only compromise 7-8 acres of the total 40 +/-acre site. the opportunity to own a business with such steady growth and healthy margins doesn't come around very often. power on the lot with a well (#63-2183) drilled on-site. consistent and expanding production with healthy margins on all products. a wide range of products is being offered to various customer groups. located just outside of richfield (population over 8,000), the economic center for a 6-county area in central utah. the pit is 1 mile to paved roads and 4 miles to i70 offering access to a much broader market. road frontage facing east and running over 1300' along willow creek ln.
Property Type
LandCounty
SevierStyle
LandAD ID
47254105
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BuyOwner last updated this listing 10/17/2024 @ 14:34
- MLS: 2004492
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: UtahRealEstate
is a Land, with bedrooms which is for sale, it has 0 sqft, 40 sized lot, and 0 parking. are nearby neighborhoods.