When a buyer is interested in purchasing a business, a Letter of Intent to Purchase a Business will need to be sent to the owner. This letter will entail the intent of the sale, a list of agreement terms, and steps to complete the sale. A Sample Letter of Intent to Purchase a Business can be found through the link below.
To write a Letter of Intent to Purchase a Business, include the following information:
- Today's date and the buyer's and seller's name and address.
- A line stating that this letter is a "Letter of Intent to Purchase [Business Name]."
- Explain in the opening lines that this letter serves as intent to purchase [Business Name] from [Seller's Name] to [Buyer's Name].
- List the name of the seller, the buyer, and name of the business.
- Include the purchase price that has been agreed upon as of the date of this letter.
- If there will be additional property included in the sale (such as an office, office equipment, or supplies) include all items and the value of each item.
- Detail how the payment(s) will be made, on what date, and when final payment to complete the sale is due.
- Signature and date section for the buyer and seller.
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