LICENSED LIMESTONE QUARRY WITH MULTIPLE LOCATIONS IN SOUTH BRUCE PENINSULA
Listing ID: 2020.09.22.004
Type of Sale: Asset
Industry: Quarry and natural limestone excavation
Reason for Sale: Divorce
There are endless possibilities that can be done with this business. The current owners have been in the business for 13 years and are selling it for personal reasons. The deal consists of the following:
- 25 acre quarrying lot located in Wiarton on the Niagara escarpment which is known for its stone. On the plot is a 3 bedroom bungalow dwelling that is around 800 sq.ft., with an attached garage that is also around 800 sq.ft which brings the total area of the property to around 1500 sq.ft. The plot has the possibility to be licensed as a stone quarry or gravel pit which will dramatically increase its value.
- 3 plots of A-licensed limestone quarrying land in Assiginack Township totaling 339 acres. The plots combined have an estimated reserve of 63m tons of limestone and has an unlimited tonnage quota per year.
- Located as well in Assiginack is a plot totaling 12 acres that has frontage on Hwy 6 and includes a 6,250 sq. ft. steel building, vintage 1800s rustic barn, steel outdoor shed, a 4 bedroom house, and slab inventory to produce stone cut products.
This business is a money making machine and can create tremendous value for an investor that understands the quarrying industry and the potential of these assets.
Year Established: 2003
Square Footage: 6,250 sq ft, 25 acres quarrying land + 339 Acres Limestone Quarry
Monthly Rent: $0
FFE Included: Yes
Inventory on hand value: $1,200,000
Financing/Terms: Financing Can Be Arranged For The Right Candidate