Profitable Granite & Marble Business Seeking Loan in Adoni, India

- Selling granite blocks, temple stones, granite slabs, and custom granite artifacts to customers in Andhra Pradesh and the rest of India.

- Currently employing 20 people and processes 200-250 cubic meters of stone every month.

- Supplies temple stones to a factory for further processing for construction.

- Also used in tombstones.

- Pre-Covid had lot of exports which is not the case for the last 3 years. Recently restarted our export activities to China.

- Business enjoys a high operational and net profit margin similar to other players in the industry.

Granite blocks, granite slabs, temple stones, and custom granite artifacts.

Tangible assets:

- 2 excavators; one is 4 years old and the other is 7 years old and they are worth INR 50 lakh and INR 40 lakh respectively.

- 4 compressors, with each worth INR 3.5 lakh. Total value comes to INR 14 lakh.

Intangible assets:

- We have 2 mining leases of 20 years with 12 years remaining on each lease. We have option for automatic renewal of the leases.

Mines:

- 1 hectare mine of red multi & cats eye brown.

- 1 hectare mine of plain red,

Processing:

- 1 leased cutting and polishing unit of 1 acre. The unit is located in Adoni.

Office premises are located in Adoni as well.

- Sole proprietorship with no bank loans.