Restaurant Letter of Intent for Transaction

Date: [Month Day, Year]

[Recipient's Name]
[Recipient's Company Name]
[Recipient's Company Address]

Subject: Letter of Intent for Transaction

Dear Sir/Madam,

I hope this letter finds you well. [Your Company Name], a distinguished restaurant renowned for its culinary excellence and commitment to providing exceptional dining experiences, is pleased to express our interest in entering into a transaction with [Recipient's Company Name] for the acquisition of a majority ownership stake in your esteemed business.

At [Your Company Name], we are passionate about delivering unparalleled hospitality and creating memorable moments for our guests. We believe that the acquisition of your restaurant presents a strategic opportunity for us to expand our presence in the [Location] market and further enhance our reputation as a leader in the culinary industry.

The key terms and scope of the proposed transaction are outlined below:

1. Transaction Overview: Here are the specific details of this transaction:

   • The proposed transaction involves the acquisition of a [70]% ownership stake in [Recipient's Company Name].

   • It includes the purchase of all tangible assets, including kitchen equipment, dining furniture, and inventory, as well as intangible assets such as goodwill and trademarks.

   • Upon completion of the transaction, [Your Company Name] will assume responsibility for the day-to-day operations of the restaurant, including management, staffing, and culinary direction.

2. Purchase Price and Payment Terms: The purchase price for the transaction is [$500,000], payable in the following manner:

   • A lump sum payment of [$400,000] upon the closing of the transaction.

   • Installment payments of [$25,000] each, due on the first of every month for the next 4 months, totaling [$100,000].

3. Due Diligence: Both parties agree to conduct due diligence to assess the financial, legal, and operational aspects of the transaction.

4. Confidentiality: Both parties agree to maintain strict confidentiality regarding the details of the transaction and any proprietary information shared during the negotiation process.

5. Exclusivity: Both parties may agree to exclusivity terms, limiting negotiations with other parties for a specified period.

6. Governing Law: This letter of intent and any subsequent agreement arising from it shall be governed by the laws of [State Name].

This letter of intent is non-binding and does not constitute a legally binding agreement between the parties. It is intended to outline our mutual understanding of the proposed transaction and serve as a basis for further negotiations.

Please review the terms outlined in this letter and indicate your acceptance by contacting us at [Your Company Number] or [Your Company Email]. Upon mutual agreement, we will proceed with formalizing the transaction through a legally binding agreement.

We eagerly anticipate the opportunity to collaborate with [Recipient's Company Name] and realize our shared vision for culinary excellence.

Sincerely,

[Your Name]
[Your Position]
[Your Company Name]

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