(sample)Offer to Purchase

OFFER TO PURCHASE                                                                                                                                                                                                       Manager’s Initials       Date

                                                                                                                                                Date_______/________/_____

1. The Buyer agrees to purchase from the Seller the assets of the business described as follows, including all equipment, fixtures, goodwill, inventory, trademarks, trade names, and other intangible assets and business know as: ——————————————————————————————————————————————————————————————————————————————————————————————–

located at:———————————————————————————————————————————-

• The purchase price of $ ———————————————– shall be paid follows:
• $———————————- Deposit on the date of this agreement included in down payment.
• ———————————— Additional deposit upon acceptance by Seller included in down payment.
• ————————————                   Balance of down payment due at the closing in cast or certified check.

                                      $ —————————Total Down Payment.

• ———————————— Assumption of existing obligation payable as follows: $ ———– per month (including ——————– % interest).

                                               Evidenced by a Secured Promissory Note.  

• ———————————— Assumption of existing obligation payable as follows:  $———— per month (including——————– % interest).

                                               Evidenced by a Secured Promissory Note.

• ———————————— Balanced to be paid to Seller pursuant to a Secured PROMISSORY Note in said amount payable as follows:

                                             $————————– or more per month (including ——————— % interest).

• ———————————— Additional terms: ———————————————————————————————————————————

$ ——————————— Total Purchase Price

——————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————

• The closing shall take place on or before ——————————- o’clock         A.M.           P.M. on ————– , 19 ——-, at the office of ——————–

————————————-; closing costs shall be shared equally by Buyer and Seller.

• The full purchase price shall include inventory of $ ———————- at Sellers cost. If the actual amount is more less, the purchase price and down payment shall be adjusted accordingly.

          However in no event shall the Inventory exceed $ —————————-

          At Sellers cost and paid direct to Seller in addition to purchase price:

         ————————————————————————————————————————————————————————————————

• The sales tax on fixtures and equipment, if any, shall be paid for by the Buyer.
• Seller warrants that at the time physical possession is delivered to Buyer, all equipment will be working order and that the premises will pass all inspections necessary to conduct such business.
• The Buyer and Seller agree to execute all documents necessary to consummate this transaction including where applicable, such documents as are necessary to comply with the Bulk Transfer provisions of the Uniform Commercial Code.
• This document contains the entire understanding of the parties and there are no oral agreements, understandings or representations relied upon by the parties. Any modifications must be in writing and signed by all parties.
• The Seller warrants that it has a clear and marketable title to the business being sold except as mentioned above.
• Seller shall deliver to Buyer a valid lease or assignment of lease for a period of ———————— years, at a rental of $ ——————- per month.

Option of —————————————————————————————————————————————————————————————–

1. The following adjustments and prorations shall be made at closing, rent,  ———————————————, ———————- , ——————————,

——————————, ———————————————-, ————————————————–, and —————————————-.

1. In case any litigation is instituted to collect any sum due Broker, the Buyer and Seller, Jointly and severally, agree to pay the expenses incurred by the Broker in connection with such suit, including attorney’s fees.
2. If the Seller fails to accept this agreement by 6: 00 o’clock P.M. ——————————————, 19 ——————, then the Buyer may revoke this agreement.
3. Buyer agrees that if he should fail or refuse to complete this transaction after timely acceptance by the seller, then any funds or deposit with the broker will be forfeited and, at the broker’s option, shall be split 50% to the Seller, and 50% to the Broker.

PURCHASER AND SELLER INDIVIDUALLY ACKNOWLEDGE RECEIPT OF A COPY OF THIS AGREEMENT.

THIS IS A LEGALLY BINDING DOCUMENT. READ IT CAREFULY. IF YOU DO NOT UNDERSTAND IT, CONSULT AN ATTORNEY. BROKER IS NOT AUTHORIZED TO GIVE LEAGL ADVICE.

PURCHASE hereby agrees to buy on the terms set forth above.                         The Seller agrees to sell on the terms set forth above,

                                                                                                                              Broker’s Commission as per separate agreement.

Dated: ————————————————————————                         Dated: ————————————————————————————–

PURCHASER: —————————————————————-                         Business Name: ————————————————————————–

———————————————————————————                          SELLER:————————————————————————————-

Address ———————————————————————-                          ————————————————————————————————

City ———————————————– Zip ———————–                          Address ————————————————————————————

Telephone: ——————————————————————                         City ————————————— Zip ———————————————

Ben Pittman Business Brokers By ———————- It’s Agent.                            Telephone: ——————————————————————————–                   OFFICE COPY                                                   ALL OFFICES ARE INDEPENDENTLY OWNED AND OPERATED