Lloyds Business Brokers has completed the sale of a much sought after Sand Extraction company with a Blue Chip customer base.
Lloyds Business Brokers was engaged to market the business sale of sand extraction operation and quarry of J M Kelly Builders Pty Ltd (In Liquidation) trading as Pink Lily Sands.
Pink Lily Sands is one of the most reputable suppliers of first-grade sand and gravel in central Queensland and well placed to service major infrastructure developments in the region and local businesses in and around Rockhampton.
Operating for decades, the Quarry is situated on the east bank of the Fitzroy River, 9kms west of the CBD. It produces two basic materials; medium sand and river gravel. The medium sand is heavily relied upon by concrete companies for batching ready mixed concrete and the river gravel is separated into various sizes for concrete surface texturing materials in exposed aggregate concrete, and landscaping materials.
The operations major activity is dredging approved sections of the Fitzroy River under a Quarry Material Allocation Notice (QMAN) with a maximum extraction rate of 100,000m³ in any twelve-month period. The site is subject to flood events which assist in perpetually replenishing the sand and gravel resource within the approved extraction area.
Included in the sale was the freehold interest in the land, fixed plant and improvements, the acquisition provides the purchaser with the unique opportunity to secure the supply of first-grade sand and gravel in a region where the mining and resources sector is now recovering, and major infrastructure projects are currently underway and, in the pipeline.
The sale was conducted by Business Broker Dianne Reynolds who, through using the proven Lloyds Brokers Business Sales Process, was able to achieve a pleasing result for both the Seller and Buyer.