<p>Golden State Canning Company: Harvard</p><p>1. 2 Small Plants, rural town, near Orchards</p><p>2. 58 year old owner, Mr. Cota,</p><p>3. Scenario: The student is looking to buy a company that is growing—how much to pay, how to finance.</p><p>4. Seasonal business—Sept – Oct. harvest under way, Oct – Nov not sold</p><p>5. Cyclicality—tied to economy, not cyclical</p><p>6. General Manager ran it in 05-06, Cota in 04 and 07</p><p>7. Asset Turnover: play 3rd slide</p><p> a. Jarring, purchased/installed in 2005 for about $10,000, occasional use in 2006, not used in 2007, Mr. Cota thinks it should probably be sold in the off season, estimate of $10,000, about what he paid for it. </p><p> b. Shed: Buy product early in fall when cheap and store it. Apples store well, Mr Cota thought this could be a good idea, but now it is being used as a storage shed.</p><p> c. These two strategies by the manager, didn’t work</p>