A Letter of Intent is appropriate to use in several different situations. The most common use is a Letter of Intent to purchase a business. The Sample Letter of Intent below is notifying an individual of the intent to purchase their business.

Your Name
Your street address
Your city and state

Date (MM/DD/YYYY)

Dear (present owner):

After our discussion on Wednesday, I have talked with my business partners and it is our intent to purchase your business (Twice Over) from you. We are willing to pay the purchase price you requested of $75,000, which includes the business and all equipment necessary to operate, as per our discussion.

We would like to meet with you on Thursday, next week to finalize the sale. At that time, we will have all necessary paperwork completed and will make payment as agreed. We would set a date at that time that will not exceed thirty (30) days for us to take over the operation.

Sincerely,

(Signature)
Typed name