Is a Gravel Pit a Good Investment?

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Overview and Economic Aspects

  • It depends on demand, competition, and location.
    • Estimated royalties range from $40,000 to $120,000 per acre.
    • Gravel is naturally found in lakes, rivers and oceans.

Environmental Impact

  • The most common negative impacts are:
    • Lack of conservation of reclamation materials
    • Erosion
    • Dust and noise nuisances
    • Impacts to road condition
    • Negative visual aesthetics
    • Water and soil contamination

Operational Details

  • The differences between gravel pits, quarries, and mines are trivial.
  • Permits are required to start a pit.
  • Ongoing costs include equipment, fuel, utilities, taxes, and wages.
  • A successful gravel business can be started with a plan, money, and a good location.
  • Land can also be leased to customers to mine themselves.
  • Recreational access can provide additional income.

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