Sample Letter of Intent for Franchise Purchase

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Your letter may contain the following elements: Name and contact information of the buyer. Name and contact information of the seller. Detailed description of the items or property being sold. Any relevant disclaimers or liabilities. The total purchase price. Method of payment and other payment terms, including dates.
Dear [RECIPIENTNAME], It gives me great pleasure to write to you that I am interested in acquiring a franchise of your [FRANCHISECATEGORY] business in [CITY]. I have performed an initial research of your business and find that the same match my areas of expertise and finance.
Letters of Intent for a single unit franchise deal should include the following: The scope of any exclusive territory. Site selection and construction schedule. The projected opening date. Operating principals or managers and related training requirements. Address of the proposed unit.
This lack of detail in a letter of intent creates scope for ambiguity as to both the terms and status of such letters. Such uncertainty can lead to costly disputes such as the recent case reported as CLS Civil Engineering Ltd v WJG Evans and Sons Ltd [2024].
In the negotiation process for a franchise deal, the Letter of Intent (LOI) plays a crucial role in laying down the preliminary framework and structuring the franchise relationship. It encompasses concrete provisions, obligations, and deadlines while clearly delineating who the involved parties are.
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The letter of intent will showcase your accomplishments and qualifications to work within that company. Instead of making your career fit into a job description mold, you will write about your strengths and accomplishments. While the letter of intent is not specific, remember that your interests are.
Components of a LOI Opening Paragraph: Your summary statement. Statement of Need: The why of the project. ( Project Activity: The what and how of the project. ( Outcomes (12 paragraphs; before or after the Project Activity) Credentials (12 paragraphs) Budget (12 paragraphs) Closing (1 paragraph) Signature.

letter of intent for franchise application