Contracts
& Forms
Disclaimer
Free To use Templates (pdf File)
We recommend consulting with your Attorney and Accountant before using our forms and contracts. It only serves as a template and might not fit your particular situation. Salon Offer and Direct Payment Services are not responsible for any usage of the materials, we are not Attorney or Accountant in any shape or form. It is best to team up with a Business Broker, Attorney, and Accountant to help transition with your business contracts and negotiation. We are not responsible for your transaction. By using these forms, you are agreeing to the above.
Covid19 Consent Form
These forms are only serve as a reminder to your customers for your peace of mind and might or might not apply in the court of laws. Please use with cautious. It is better to apply certain measures to keep your employees and customers safe from the virus.
1. Store Policy & Regulation to prevent the Spread of Covid19
2. Warn against any discrimination
3. Create a safe environment to Products your employees and customers
4. Give everyone a peace of mind
Salon Closing Contracts
Recommend for Small Salon Transaction $100k under
I highlight some of the important steps below, you don’t have to use these templates, and this is only meant for small transactions of $100,000 or below, but please make sure to have every points check out before you sign. Make sure everything is on paper.
DO YOUR DUE DILIGENCE. Make sure the financial is there, using bank statement and credit card statement. Talk to the neighbors and landlord to make sure the business is free and clear of any liability. Request time if needed for closing.
TALK TO THE LANDLORD. While you cannot negotiate much on a recently signed lease, you can confirm the information provided and make sure to have enough time and option to stay on the lease. Request for longer term lease if possible.
SELLER CANNOT COMPETE. Make sure seller provided all customer and employee database. They cannot take part in management or ownership in another business close by. Penalty for doing so.
BEST TO USE A BUSINESS BROKER OR ATTORNEY TO CLOSE A BUSINESS TRANSACTION.
Purchase Offer
Important Points:
1. Legal Name of Buyer & Seller
2. Price & Deposit/Down Payment
3. Financing Plan (Cash)
4. Time to close (1-4 weeks)
5. Contingent on Landlord's Approval
6. Seller has to sell once approved by landlord or pay penalty
7. Sign with ID in front of Notary
8. Next Phrase Due Diligence (inspect financial & the business)
9. Get approved by Landlord
10. Next Phrase Sign Bill of Sale at Closing
Bill Of Sale (Short)
Important Points:
1. Legal name of Buyer & Seller with a Copy of DL
2. Cash & Bank or Cashier Check for Closing
3. Curated all utility Bills and Taxes
4. Business Info, Name & Address, and Agreed Priced
5. Buyer agrees the sales is sold "as is" and Seller agrees to transfer all ownership of the business.
6. Seller warranty there is no liens, debt, liability or claim on the business.
7. Seller agrees to not compete with the buyer.
8. Smaller transaction can be done and sign at the bank.
Georgia Stateboard License
Georgia State Only, Do Not Apply To other States. Procedure is different depending on States and Local Regulations.
1. Once the Bill of Sale is Signed, make sure the Lease is also signed with Landlord
2. Open LLC & Business Bank
3. Stop by the City to get your Business License
4. Transfer all Utility to Buyer's name.
5. Apply for Stateboard License
dealing with Landlords
Be professional, you need them more than they need you. They only care about your experiences & networth. money talk here.
1. Show your experiences of running a business. Best to show that you already own another similar business.
2. Show your financial such as bank statements that can cover construction, business transfer cost, and 6 months of operation cost.
3. They will check your credit for bankruptcy and foreclosures.
4. Start a corporation (LLC) before talking to landlord to show experiences plus not signing under personal warranty.
5. Landlord has a team of Attorney & Accountant behind them, don’t waste their time and go directly into the point. Use Letter of Intent (LOI) to negotiate the main points. Detail will be in the Lease Agreement.
6. Big franchises always use their own form to control the terms of the lease. However, as a small business, you might not be able to do so, in that case, just ask for the LOI or Proposal from Landlord and start from there.
Letter of Intent
In every lease transaction, you will get a proposal of the lease, for the RENT, CAM, and Terms of the lease. Experience Franchises always use their own forms to control the terms and to show that they understand what they're doing. This is a GA Realtor Form and not everyone can use it, however, every terms on the lease on here are important to discuss. Make sure to edit and customize the form to your liking.
Financial Statement
This is a standard SBA form. It's a good idea to prepare this first. Every Landlord will have their own forms as well and depend on how friendly they are, they might allow you to use your form. The purpose is to show that you are financial savvy with money in the bank to cover construction cost and operation cost for more than 6 months.
Lease Agreement
This is a sample template from the Atlanta Commercial Realtor Board. You have to be a member to get this form. I found that it's better than most Realtor forms out there for commercial lease. However, every Landlord will have their own forms and can range from 10-100 pages covering all financial, liability, duties, and terms. It's best to work with a professional who can look over the terms for you. You are dealing with a highly professional group of Attorney that represent the Landlord.
Consent Forms
These Are the daily consent forms for rules and acceptance with different types of salons.
You can also add this at the end of the credit card receipt as disclaimer. However, this is only showing instruction that your customers have to follow after getting the services, it does not cover mistakes by the salon or by employees. Business liability insurance will cover majority of the claims by your customers. Please read your policy and follow their guidance. It’s also best to have a corporation (INC or LLC) to separate your assets between personal and business to eliminate future liability.