Close

Choose your country

Or view all businesses for sale

Worldwide

Reference: 20043

ID: MV1562

Sandstone Quarries, Production And Export To UK - Ireland

Spain, Ireland, United Kingdom

This well established company has 2 sandstone quarries and a production site. They produce both standard slabs and high-end ornamental pieces. National and International clients.

Reference: 20043

ID: MV1562

Register Interest
Revenue:
€1.6m

Industry Overview

The ornamental stone industry has a size of approximately € 450 million in Spain (production value).
Sandstone represents approximately 3% of the total value of the sector.

In Spain, approximately 160 thousand tons / year of ornamental sandstone are produced.
There are 55 firms that employ 290 people directly.

Location

The quarries and the Company are located in Spain, North to Madrid. Well connected for national and international transport.

The company counts with 2 quarry concessions and their production premises of which 2600m² are interior production facilities, 250m² showroom, 100m² offices and 14.000m² exterior warehousing.

Business Description

The company was founded in 1994 and produces sandstone and marble products for the construction industry.
Standard slabs for flooring & Facade, Special products for exterior and interior construction, as well as high-end ornamental pieces. 

They control the whole process from extraction, to finished product. Their production has been applied in major projects such as The Courthouse in Buffalo (NY-USA) Barnsley College (UK) Obelisk at Gohelle (FR) or the Premier Inn (UK) as well as many office and residential projects worldwide.

Their major differentiators are their technical capacity for ornamental production, their volume capacity, as well as some of their unique veined sandstone varieties.

PD: the concessions have 70+ years to go.



Financial Summary

With a 1,6 MM€ yearly sales, the company has a relatively low turn-over in relation to their real production capacity. Mainly due to the lack of commercial input.

However, with a €600K+ yearly SDE the owners had no urge to grow any further and concentrated on creating the best possible product & quality for recurring customers.

In addition to the solid cash-flow the company has a considerable amount of heavy equipment & machinery as well as the 2 quarries which have been appraised over €3.5MM

Investment Rationale

The main asset are the 2 quarry concessions and mining (& probing) licences. These mining concessions are unique. Moreover, the company counts with a surplus production capacity. Each year new machinery is acquired. Therefore the company is very scalable without additional CAPEX.


Customer Overview

Their main market is currently UK and Ireland where they provide standard and custom made products to construction material distributors as well as to main construction firms. They also export frequently to Portugal, Italy, Hungary, France, USA, Latam and Middle East.

Transaction Information

The company is up for a full sale with 2nd level management in place (production, administration, sales).
The retiring brothers will provide sufficient support during transition and the current Admin Manager and Production manager (2nd generation to the owners) can stay board.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.