Before writing your letter of intent, it might also help to you ask the administration if they have a template that you can just follow to the letter. If not, check with them for exact details of what is required. Although it does usually resemble a contract, a letter of intent to lease is most of the time non-binding. It stands as a gentleman's request to initiate a formal transaction. For renting or leasing a space inside a mall or other commercial space, a letter of intent would contain the following information: A statement stating your intent to lease a space inside the mall; a description of your business including its basic concept, the business model it follows and a brief background and history; a list of your products and services which should include pricing, merchandise packaging design and a description of your target market; your space, utilities and manpower requirements including the types of equipment you'll be using and the number of employees you'll have; if there's any, it would also be good to show pictures of your other branches or stores. Your contact details and the best schedule for you to have a meeting should also be noted. A sample proposal can be seen here: www.docstoc.com/docs/1106720/Sample-Proposal-Letter For the best prices and locations, shop around and ask many people for advice. Ask any friends on long-term strategies for such shops. When budgeting, take into account running costs including supplies and floor space. In the last 20 years, as consumers have flooded stores worldwide, the price in prime spots has soared.
