The Company who owns this quarry has a core business in asphalt and has decided to sell the property to non-competitors only. Size of property is large enough (300+ acres) to quarry from multiple areas and has been bored to 190+ft and lab tested for IDOT grade A, B, C, and D coarse aggregate. Over 50% of property is high quality limestone with overburden in some spots at only 4ft. This makes the overall asset value of this property over $250M. Full report is included in packet with detailed drilling report and sample locations. Blasting Permit is still operable and site is permitted for mining and excavation. Minimal acres have been quarried. Management is now ready to divest their company of this asset and has a new very attractive offering price of $8.25M.
Asking Price Between $7,500,000 and $10,000,000
Sales Operating at Breakeven
Profit Available On Request
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