Pennsylvania Sample Letter of Intent - Franchise Purchase via Stock Purchase

• Category: Letters - Legal - Franchises
• State: Multi-State
• Control #: US-0516LTR
• Format: Word; Rich Text

Description

Sample Letter of Intent - Franchise Purchase via Stock Purchase

Pennsylvania Sample Letter of Intent — Franchise Purchase via Stock Purchase [Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Franchisor Name] [Franchisor Address] [City, State, Zip] Subject: Letter of Intent — Franchise Purchase via Stock Purchase Dear [Franchisor Name], I am writing to express my interest in purchasing a franchise of [Franchise Name] in Pennsylvania through a stock purchase. After thorough research and evaluation, I believe that [Franchise Name] has tremendous potential in this region, and I am eager to contribute my skills, resources, and expertise in advancing its success. I am a highly motivated and experienced business professional with a strong understanding of the franchise industry and a passion for entrepreneurship. Having studied the market in Pennsylvania, I am confident that establishing a [Franchise Name] franchise here will be a profitable venture. Key terms and details of the proposed stock purchase agreement: 1. Stock Purchase: I intend to acquire [percentage]% of the outstanding common stock of the franchisee company, [Franchisee Company Name], currently owned by [Current Owner/Company Name]. This stock purchase will give me controlling interest and enable me to operate the business as a franchisee. 2. Purchase Price: The agreed purchase price for the stock will be [EX]. We can further discuss the specifics and determine a fair valuation for the company and its assets based on financial disclosures and other relevant documentation. 3. Transition Period: I propose a transition period of [X months/weeks] during which I will work closely with the current owner and key employees to familiarize myself with the operations, staff, and customer base. This will ensure a smooth transfer of ownership and minimize any disruptions to the business. 4. Franchise Agreement: I am aware that entering into a franchise agreement with [Franchisor Name] is a prerequisite for this stock purchase. I have reviewed the franchise disclosure document and terms and conditions provided, and I am fully committed to complying with all obligations set forth in the agreement. 5. Funding: I have secured the necessary financing for this purchase through a combination of personal investment, bank loans, and potential partnerships. I will provide any additional proof of funds or financial information as required during the due diligence process. 6. Due Diligence: I request a comprehensive due diligence period during which I will conduct a thorough investigation of [Franchisee Company Name]'s financial records, operations, contracts, and any associated legal matters. I aim to complete this process within [X weeks] and will promptly share any concerns or queries that may arise. 7. Timeline: Upon receipt of your acceptance of this letter of intent, I propose establishing a timeline that outlines the key milestones leading to the final execution of the stock purchase agreement, including the franchise agreement signing and the completion of the due diligence period. I am excited about the potential partnership between [Franchisor Name] and me. I believe that my knowledge of the Pennsylvania market, combined with [Franchise Name]'s established brand and support, will lead to significant growth and profitability. Furthermore, I look forward to discussing the next steps and addressing any questions or concerns you may have. Please sign and return a copy of this letter to indicate your agreement with the terms outlined herein. Upon acceptance, I am prepared to proceed promptly and diligently so that we can advance towards completing this franchise purchase. Thank you for considering my proposal. I am eager to work with you toward a successful franchise venture in Pennsylvania. Sincerely, [Your Name] [Franchisee Candidate]