Land Area Purchase Price Fair Value
At cost 100 acres $ 10,000,000
Insurance appraisal $ 100,000,000
Recent transaction 15 $ 20,000,000 $ 133,333,333
Building Plant 1 Plant 2 Total
Capacity 70,000 sq. f 210,000 sq. f 280,000 sq. f
Bottling facility w/o equipment Comparison (recent)
Area Price Unit price
35,000 sq. f $ 30,000,000 $ 857 /sq. f
Bottling facility w/o equipment Comparison (10 year back)
Area Price Unit price
210,000 sq. f $ 200,000,000 $ 952 /sq. f
Bottling site Comps Plant Value
Recent Transaction $ 857 /sq. f $ 240,000,000
Historical Avg $ 950 /sq. f $ 266,000,000
10 yr before $ 952 /sq. f $ 266,666,667
Values in USD Mn
Balance Sheet Existing Adjustment Fair Value
Cash $ 100 $ - $ 100
Inventory $ 5 $ - $ 5
Receivables $ 8 $ - $ 8
Land $ 10 $ 123 $ 133
Buildings $ 167 $ 73 $ 240
Equipment $ 70 $ - $ 70
Goodwill $ 300 $ - $ 300
Total Assets $ 660 $ 196 $ 856
Short term debt $ 5 $ - $ 5
Payables $ 3 $ - $ 3
Long term debt $ 150 $ - $ 150
Equity $ 502 $ 196 $ 698
Total L & E $ 660 $ 196 $ 856