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Profitable Coke Coal Mining Company for Sale in McDowell, United States

For Sale: Coke-coal mine with 8 million tons of leased coal reserves selling 10,000 tons/monthly.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 15 million
Run Rate Sales USD 18 million
EBITDA Margin 25 %
Industries Coke Coal Mining
Locations  McDowell
Local Time 3:55 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 7.8 million (Native Currency: USD 7,750,000)
Reason: Owners wants to retire. Considering the value of the physical assets owned by the business, we belie... View More
Includes physical assets worth USD 7.8 million
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Business Overview

- This deep coal mine is located in McDowell County, West Virginia in close proximity to several wash plants. The mine is turnkey and ready for production.

- The mine consists of over 8 million tons of leased coal.

- The owners are based in India. We have a core team of 3 members handling all the major operations in the US. The rest of the mining work has been subcontracted to a man-power supplier. We only have over 25 miners working at the mine since most of the work has already been automated.

- The surface area of the mine is owned by the company while the underground reserves have been taken on lease. The total area of the mine, both above and underground, is 3,000 acres. We pay 4% of the sale price of the coal as commission to the owner of the coal reserves.

- We sell over 10,000 tons of coal on a monthly basis. Our primary client is Contura Energy, a leading coal supplier in the US. Besides that, we also have a major agent buying coal from us.

- Very-high grade mid vol coal (24) that is perfect for blending with low sulfur content (0.6) and low ash content (5.3).

- The asking price includes all the equipment, leases, and permits. The equipment was refurbished 8 months ago.

Products & Services Overview

Fully-functioning coal mine with all the clearances and permits that has over 8 million tons of coal reserves.

Assets Overview

The sale includes all the equipment, leases, and permits. Major equipment includes 1 miner, 2 shuttle cars, 1 roof holder, 2 scoops machine, 1 seeder machine, 1 tracking and communication machine and 1 sub-system.

Facilities Overview

It is an underground mine located in West Virginia USA with an area of 3,000 acres. The area above the ground is owned by the business while the underground reserves have been taken on lease.

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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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