EXCLUSIVE AUTHORIZATION & RIGHT TO SELL A BUSINESS
Type of Business:
Trade Name:
Name of owner:
Sole / Corp. owned:
Present owned / operated:
years
PC# / Store#:
Busi. Address:
Busi. Hours:
Type of Building:
Anchor tenant:
Number of Parking:
Lease Term Remained: approx:
years and
years option
Rent: $
+ net $
Condition: CPI
Sublease
Comment:
Store size:
Franchise Term:
Year of Refurbishing:
Year of Remodeling:
Competition:
Employee:
Manager: $
x
hrs.
x
day
Number of Full Time:
Owner works / managers / 100% absentee:
Monthly Average Gross:
Cost of Sales:
Management Fee:
Payroll:
Royalty( %):
Adv. Fee( %):
Rent:
License & Permit:
Payroll Tax:
Sales Tax:
Professional Fee:
Credit Card Charge:
Office Expense & Supply:
Insurance(Workers Comp + Liability):
Maintenance & Repair:
Laundry & Uniform:
Utility:
Telephone:
Misc. Expense:
Net:
Asking Price:
Inventory:
Direction:
Owner
(“Owner” or “Seller”) hereby employs and grants
KAY THE NET
(“Broker” or “KTN”) the exclusive and irrevocable right to sell or exchange the business referenced above. The term of onwer’s employment of broker shall be for a period of
months commencing on
, 20
and ending at 12AM on
, 20
(“Exclusive Listing Period”) at which time owner’s listing shall become an open listing unless and until revoked by owner in writing. During the exclusive listing period, owner shall not engage or employ any other entity to sell the business and all sale transactions must be done through broker. If Owner sells or exchanges the business referenced above without the assistance of Broker during the Exclusive Listing Period, the Broker shall still be entitled to the agreed upon commission as stated below.
Owner(s) agree(s) to pay broker a commission in the amount equal to
% of the selling price, or a fixed amount $
upon close of escrow.
Owner's Signature and/or Name:
x
Agent's signature:
x
On behalf of KAY THE NET