It is appropriate to use a letter of intent in several different situations. The most common situation is when you intend to purchase a business. This sample letter of intent demonstrates how to notify an individual of your intent to purchase his or her business.

Your Name
Your street address
Your city and state

Date (MM/DD/YYYY)

Dear [present owner]:

After our discussion on Wednesday, my business partners and I discussed the situation, and we concluded that we intend to purchase your business, Twice Over. We are willing to pay your requested purchase price of $75,000, which includes both the business and all the equipment necessary to operate it, as per our discussion.

We would like to meet with you next Thursday, June 3rd, to finalize the sale. We will bring all the necessary paperwork, signed and completed, and we will tender payment, as agreed. At that meeting, we will also set a date that will not exceed thirty (30) days for when we will take over the operation.

Sincerely,

[Signature]
Typed name