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Granite & Marble Business Investment Opportunity in Visakhapatnam, India

Business seeks funds to begin excavation of granite from a mine of 11 acres.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Granite & Marble
Locations  Visakhapatnam
Local Time 10:45 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 400 thousand for 40.0% stake (Native Currency: INR 30,000,000)
Reason: Quarry development and to begin excavating the granite.
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Business Overview

- Business has a granite mine on lease from the government, located in Visakhapatnam.

- The mine is of 11 acres and is on lease for 20 years. The lease has 18 years left on it and can be renewed after that date.

- The mine has River White granite which is a popular export product.

- The funds will be used to develop the mine and begin excavation. The first 6 months will be used to setup the infrastructure to begin the excavation process.

- The value of granite in the mines are over Rs. 50 crore in market value.

- We expect to generate revenue of Rs. 3 crore within the first year of excavation.

Products & Services Overview

We mine the rock from the quarry and dress them to slabs. These slabs are further sold to the local and European markets.

Assets Overview

Business does not own any physical assets.

Facilities Overview

No office space. The mine is leased and is of 11 acres.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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