Turnkey Central Utah Gravel Pit Operation With Growing Potential
Media
Summary
Property
- Type
- Undeveloped Land, Commercial Land
- Road Frontage
- County Road
- Road Surface
- Gravel, Dirt
- Fencing
- Low Fence, Partial
Utilities
| Electric: | Onsite |
| Water: | Onsite |
Features/Improvements
- Pits
- Internal Road System
- Seller's Mineral Rights Convey
Description
PRICE REDUCED! This turnkey operation is a rare opportunity to own a fully functioning aggregate mine in Central Utah; this business is a consistent producer, and with Sevier County forecasted to grow by over 30% in the coming decade, the demand for aggregate products will continue to increase dramatically. The property sale includes over 35 pieces of equipment, a 2.292 AC-FT well right, current inventory, existing accounts, and possible employee transfer. Power is on the lot, and with a small office addition, the location could become full-service with sales on-site. The mine has seen consistent growth over recent years, and there is plenty of opportunity to continue that trend.
Over the past three years, production and sales have grown by over 3,000 tons annually, averaging 44,476 tons annually. Last year’s gross sales were over $430,000, with healthy margins on the offered products. The North Gravel Pit operation currently offers 14 different products ranging from state spec. road base to gravel, sand, crushed products, larger rocks, and boulders. Over 35 pieces of equipment and machinery are included in the sale, meaning the new owners can continue production as normal from day 1.
Road access to the pit is excellent, with State Route 118 just 1 mile from the pit down a well-maintained gravel road. The pit is just 2.75 miles from Main Street Richfield and 4 miles from I70, providing paved access throughout Sevier County and Central Utah. Utah’s economy is thriving, and with the expansion of industry/population throughout the state, significant growth opportunities exist for the operation.
Currently, conservative numbers have the pit at over 4,260,000 tons of material remaining, with just over 1,160,000 mined over the past 30+ years. The overburden has been removed from a significant portion of the remaining field, and the current workings only compromise 7-8 acres of the total 40 +/- acre site. JKL Construction has been a trusted name in the Central Utah aggregate business for over 20 years; the opportunity to own a business with such steady growth and healthy margins doesn’t come around very often.
Details
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Power on the lot with a well (#63-2183) drilled on-site
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Consistent and expanding production with healthy margins on all products
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A wide range of products is being offered to various customer groups
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Located just outside of Richfield (population over 8,000), the economic center for a 6-county area in Central Utah
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Road frontage facing east and running over 1300’ along Willow Creek Lane
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The operation sells to both private and government customers
Area Info
Other
Coordinates
38.80731, -112.04621
Annual Taxes
$550
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.
