Past Project

Quality Hard Rock Quarry


Monroe, WA 98272 US
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FF&E *$2,200,000
Inventory *
Real Estate *$1,000,000
Employees10
Company URL

(*) Included in Asking Price   |   (**) Not Included in Asking Price

Transaction Details
Purchase Date
Transaction Type
Buy/Sell Transaction
Buyer

Case Study

Description

The Company is a profitable producer and distributor of high quality crushed rock and buttress rock in various sizes. The Department of Natural Resources classifies the pit rock as Andesite an igneous material. The Company is permitted to produce a wide range of products. Market segments served are: Highway Contractors, Concrete and Asphalt Producers, Landscape Contractors, Homeowners, various Municipal, State and Federal Agencies. The raw land was purchased in 1999 with all required use permits for legal operation and authorization as a County, State and Federal vendor secured in 2002.

Facilities

The quarry is located north of Seattle and consists of 63 surface acres of which 28 acres are permitted with a maximum mine floor depth of 100'. This creates a conservative reserve of 4,000,000 (million) tons of product. The Real Estate is offered as part of the sale. Major equipment includes Cat Wheel Loader, Cat Excavator, Haul Truck, Pioneer Jaw Crusher, Komatsu Loader, Truck Scale, Water Truck, JCI Cone Plant, JCI Scalping Screen and conveyors.

Competition

Growth and Expansion

The Company is within serviceable distance of the Seattle Metro area. Very little active marketing is done. The Company has developed over 500 customer accounts in 3 short years with high reorder activity. The customer list is well diversified.

Financing

Cash, SBA and Seller Financing

Reason for Selling

Part of a planned exit strategy by principals

Support and Training

One of the Principles is also the General Manager with market rate salary. General Manager is willing to stay in place for training and transition as needed. Very little training is required.