What you need in a Letter of Intent / Term Sheet when Buying a Restaurant

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Letter of Intent / Term Sheet to Buy a Restaurant

A letter of intent or a term sheet to buy a restaurant is a great tool to ensure that the basic outline of your agreement is clear. A term sheet is valuable and saves both time and money for everyone involved. The term sheet will identify the basic terms of the transaction. You can download our sample term sheet which contains an outline of the intent of both parties and the terms you will need to finalize a purchase agreement for a restaurant. (Download a Sample Term Sheet). A term sheet may include the purchase price, payment terms, …….

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