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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...
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