6.8 / 10
 Ongole

Business involved in quarrying and processing of granite blocks seeks investor to purchase own machinery.

Key Business Facts
Yearly Sales USD 200 thousand
EBIDTA Margin 10 - 20 %
Industries Granite & Marble
Locations  Ongole
Business Overview
- Business specializing in quarrying of Black Galaxy granite which is rare and having huge demand in domestic and international markets.
- Have taken 5 acres of land on lease from the govt that is valid for the next 5 years and it can be extended to another 25 years.
- We sell granite to more than 40 granite factories across Andhra Pradesh.
- We are producing 100-200 cubic meters of granite per month and can produce 300 -400 by deploying more machinery and men.
- Majority of our machinery and equipment is on rent. Planning to purchase our own machinery.
- Promoter has thirty years of experience in granite trading, processing, mining businesses, and business relations with companies and clients. He has founded multiple societies and associations for the betterment of the granite business and workers.
- Physical assets include the granite quarry and a few machinery and equipment.
Products & Services Overview
We quarry and sell granite rough blocks, tiles, slabs to big granite cutting and processing factories.
Assets Overview
Quarry lease for a quarry of 5 acres (2 hectares) is valued at INR 9-10 crore, our office and mining equipment have a combined value of about INR 15 lakh.
Partial Stake Sale
USD 560 thousand for 50.0% stake (Native Currency: INR 50,000,000)
Reason: Improve quarry operations by purchasing our own machinery & equipment, hire more skilled manpower, a... View More
Includes physical assets worth USD 1.12 million
Interested to connect with advisors
In talks with 3 Investors
Contact Business or Enquire on WhatsApp