 he sale of Lumen Foods (asking
price: $380,000) involves the transfer of
all production equipment, furnishings, leasehold
improvements, goodwill, manufacturing know-how,
and the commercial property on which the
company operates (with assumption of its
mortgage). This page restricts itself primarily to describing
the hard assets involved in the transfer. (Liabilities,
short or long term, and receivables are not part of
the sale.) The necessity for such a compilation
is based on the fact that given the maturity of
the company and the depreciation conventions used,
the vast majority of Lumen Foods' assets cannot
be found on its Balance Sheet, but it can be
found physically at the Lumen Foods' plant
in Lake Charles.
 The column
at right lists the assets of the company with given
valuations that are either appraised (i.e. the real
properties), or Management's best estimate as to
liquidable value (i.e. production equipment).
You may also wish to review these assets
in connection with the Company's
most current balance sheet. Moreover, no piece of
equipment is included at right which is not
(1) in working condition, with only the usual,
anticipatible wear-and-tear, and (2) used
in the regular operation of the company -- that is,
the asset is not extraneous to the company's
operation.
It should be noted
that the list at right in no way takes into account ALL
Company's assets to be transferred: smaller pieces of equipment,
utensils, furniture, all software (though we've added
Mail Order Manager, for which we've paid over $10,000,
and into which hundreds of hours have been spent entering
in all our many thousands of mail order customers),
paper stock inventory, receivables,
intangibles, in-house stock photography, production
plates, art, web work, gas injection equipment,
small tools, kitchen equipment, or countless other
smaller items that are needed to run day-to-day
operations, etc. A complete inventory of small ware
can be taken prior to sale.
|
|
|
Equipment |
|
Kliklok Woodman #7
J & J Saturn XII
(includes ample spare parts for vertical form-and-fill machines) |
$80,000 |
| Norwood Date Machine |
2,000 |
| Dry Double-Ribbon Blenders (2) |
10,000 |
| Econo Cartoner |
3,000 |
| Middleby Oven |
3,000 |
| Hobert Grinder/Mixer |
2,500 |
| Customized Coating Pans (4) |
12,000 |
| Motor Controllers (4) |
2,000 |
| Universal Blowers (6) |
600 |
| Bock Extractor FP80 |
8,000 |
| Scales/Weighers (6) |
5,000 |
| Hyster Forklifts (2) |
15,000 |
| Forklift Charger |
2,000 |
Pallet Hand Carts (2)
(with dollies (2)) |
400 |
| Pitco Fryers (2) |
3,000 |
| Vent Hood |
800 |
| 40' Containers (5) |
6,000 |
| Pallet Racking |
1,500 |
| Air Compressors (2) |
3,000 |
| Computers (PC's, 5) |
1,500 |
| Business Phone System |
4,000 |
| Dell Photocopier |
200 |
| Equipment Subtotal |
$ 165,500
| | Inventory (FIFO) |
95,000 |
| Commercial Real Property |
450,000 |
| Other |
|
| '92 GM Truck (10 ton) |
5,000 |
| Utility Deposits |
1,200 |
| MOM Software w/ all updates |
9,000 |
| Other Subtotal |
$ 15,200 |
| TOTAL |
$ 725,700 |
|
