Dear Bob:
Thanks for meeting with me again last week. I continue to be interested in purchasing the assets of Tower Mart, Inc. If we reach an agreement regarding my purchase, I plan to transfer these assets to a new corporation that I am forming. My new company would then run a convenience store similar to what you are currently operating.
I am interested in purchasing the following assets: the inventory, fixtures, equipment, leasehold improvements, and business name. In addition, I will need all necessary licenses and permits transferred to me. I will expect you to give me a covenant not to compete stating that for three years, you will not open a similar store in our city. The purchase price for all of the assets as well as the good will and your covenant not to compete would be $150,000, as we have already discussed.
As an indication of my good faith in pursuing this matter, I am enclosing a check for $1,000 as earnest money. I would pay an additional $49,000 in cash at closing. The balance of $100,000 would be amortized in equal monthly installments over a period of 10 years with interest at the rate of 10% per annum.
Regarding the inventory, we will check this at the time of closing. If the inventory is valued at less than $45,000, the purchase price would be reduced accordingly. Also, as we already discussed, your corporation would remain responsible for all liabilities of the present business and these would not be assumed by my new corporation.
Before I have my lawyer draft a sales agreement, there are some things I need to investigate:
1. I want to meet with your landlord to make sure that I can take over the existing lease and that I can get an option to extend it for another five years.
2. I need to have my accountant review all of your tax returns and business records for the past five years so that I can satisfy myself regarding the financial condition of your business.
3. I want to make sure that the state liquor board will approve a transfer of the beer and wine retail license to my new corporation.
Assuming that I am satisfied with these items and all other aspects of the proposed purchase, I will have my lawyer draft a sales agreement and then we can close approximately 45 days from now.
This memo contains a break down of some of the issues that should be considered when auditing the company’s financial statements.
Mike took over the lease of a building and wanted to transform it into a fully functional department store that offered a variety of products.
With increasing transportation costs and tighter margins there is a possibility that some large specialty retail players will consolidate assets, knowledge and outsourcing capabilities in order to generate economies of scale and scope.
...t to franchising the store, by letting other people put the money up for the locations and using us as an upper management type role to conduct major business and deal with channel members such as the manufacturer and distributing companies. We feel this obviously cuts down on a lot of the risk in the monetary area. We would like to run the Vancouver store thought to ensure the main store taking care of orders is done properly. We would like also to pass down our philosophy on staff having a mix of Immigrants who already know our product, Indian children to help reach the younger market and Canadian counterparts to both groups to reach our goal of making this store popular to the Canadian population swell.
The purpose of a persuasive text is to change or alter the viewpoint of the reader for it to agree with the author’s perspective. The intention of this specific text is to persuade the reader to help end poverty today by joining ‘Make Poverty History’ and it uses persuasive language and techniques to do this – this essay will explain the effect on the reader and will focus on analysing persuasive language.
The store will have one fulltime manager, who will also be a lead salesperson. Hours of operation will be Monday through Sunday
Thorpe, C. P., & Bailey, J. C. L. (2006). Commercial contracts: A practical guide to deals
2. We will need a good commission to increase the business & promotion of your school
If I were to start my own business, my dream would be to build a surf and skate shop on the Southern California coast. My business would be located on beachfront property in the surrounding area. This business plan will cover two main subjects, 1: an Analysis of the Business Situation, and 2: the Planned Operation of the proposed business. The first topic will cover the subtopics Trading Area Analysis and Competition in the area for my business. The second main topic will cover the proposed organization of the business, the proposed business, and proposed strategies for that business. The analysis of the business situation will cover geographic and demographic information for Huntington and the surrounding area. It will also contain an analysis of businesses in the area which are of similar type, customer buying behavior relating to my proposed business, and the potential location of my business. The Proposed Operation section will address the topics of ownership, start-up procedure, personnel needs, special functions, and an organizational chart. Details of products which will be sold will also be included, as will my business' pricing policy. I would hope that through my thorough planning and explanation that my business idea will be a grand success on the beautiful beaches of California.
The directors need to be able to view the financial performance of the group in order to make relevant and informed decisions. In order to obtain this information the correct procedures, as mentioned, must be followed to ensure that assets are not overstated and liabilities
The purpose of this paper is to determine whether or not the closing techniques used by sales personnel are ethical and fair or would be considered using pressure tactics. Suppose you knew either that the prospective buyer would eventually decide to buy the property anyway, or that it would genuinely be in the prospect’s interest to buy it. Would that affect your moral assessment of this closing technique? Do customers have any grounds for complaining about this closing technique if the law allows them three days to change their minds? What ideals, obligations, and effects must the salesperson consider? What interests and rights of the customer are at stake? The references will come from Chapter 6 of the textbook and several internet articles.
Understanding the niceties of the sale deed, differences between the different types of deeds and agreements, and frauds will help you to plan a smooth transaction and to mitigate any fraudulent activities.
...importantly, make copies of everything you sign. The bill of sale is the basic car-buying document that records the transaction. The following should be included: the date of the sale, year and make and model of the car, state registration, VIN number, odometer reading, amount sale is for, extra conditions, and the buyer’s and seller’s names and addresses and phone numbers. Make sure that each party gets a copy of the bill of sale.
store may like to purchase some stock from over seas, they can make contracts by
All information gathered from "Professional Selling, A Trust-Based Selling" by Ingram, LaForge, Avila, Schwepker Jr., Williams. Fourth Edition