Listing ID: 513
If you've been looking for the perfect excuse to up sticks and head for the Mighty Murray in South Australia, this unique and profitable niche business is the answer.
River Murray Dredging, established in 2003, operates from Ramco, a town in the Riverland region of SA, close to Waikerie, and 170km from Adelaide.
The Riverland region offers a fantastic lifestyle, with boating, fishing and water-skiing on the doorstep, and a stunning natural environment based around the Murray. It also grows around half of SA's grapes, and 90% of its citrus and stone fruit.
This well established operation has no comparable competitors close by, as it is the only small business of this kind working across a river frontage area of around 300km.
The current owners have established excellent relationships with government departments and large companies, such as SA Water, local councils, Trility and Panurgem. They are also the recommended installer for Geofabrics Australia, and are listed with various insurance companies to carry out salvage work. This has been a lifestyle business for the current owners, who chose only to work 6 months of the year. However, there is a huge potential - and demand - to operate this business full-time and even develop it further.
It's a profitable time to get into the business, with increased boating activity in the area; local councils receiving more funding for bank stabilisation work, and private customers experiencing increased problems with erosion on their river frontages. The majority of the work is jetties, retaining walls, sheet pylon installation, salvage and dredging.
At a glance:
- 2 steel barges (one powered)
- 5.5 ton Kobelco Excavator, Caterpillar skid steer + rigid truck
- Vibrating plate, rock-breaker, clam shell, buckets, slings, lifting devices
An added bonus is The Hebe, a traditional, fully-restored side-wheeler built in 1888. This comfortable, air-conditioned paddleboat boasts all modern conveniences, is 72 ft long and accommodates 4 to 6 people.
Price: $825,000 (will separate boat from business)
Or, business package plus 2-storey house on Murray River: $1.8m
Ramco, South Australia 5322