This week I was inquired by my sister-in-law what business I have in mind that we might start this year. The truth is, I have my own plan of starting an online business (again!) but wasn’t sure if it will succeed because the items I like to sell are only focused on hobbyist and those interested on that hobby. The items are also expensive but I was really interested on it, in fact is also my passion.
But I’ll set it aside for now and focus on a more realistic approach. My wife suggested that we should try a food card business and she choose a food cart that sells pizza. I was at first hesitant because the brand name is not popular. I saw another one, a nacho food cart that I think might be a good choice because I’ve seen it on malls like SM and Robinsons department store and the business has been running since 1995.
So the first thing I have in mind is where to place that food cart. Although I have been warned by a friend before that choosing a place like SM or Robinsons Dept store will not give you much profit because the cost of the rent or lease is impossible to produce just selling on food carts. He told me that the cost is roughly 20 to 25k a month in which you will only have an average profit or just break even. I tried to ask the SM administration about the cost of the rent but she said they can’t give it until I send a letter of intent or LOI and have evaluated my proposal which is also stated on SM Supermall website. If you are interested to rent a space there, you can visit SM Leasing Services page.
So here is the sample of the letter of intent to rent a commercial space:
Ms Laureen Uy Zone Administrator Twin Dragons Supermall
Dear Ms. Uy,
This is an official letter from NC Foods to inform you that we are very interested in leasing a commercial space in Twin Dragons mall.
We are in the business of selling NC Potato fries and chips and we are in the market since 1990. Our products includes 5 varieties of potato fries and chips. We also sell beverages. Our clients are usually teenagers and kids and also those who enter theaters.
NC Potato fries and Chips food cart that we plan to put up will require 3 square meters and an electrical power outlet for the coolers, freezers and cash register. A stove and an LPG tank is also included in the food cart for cooking. The food cart is manned by two employees. Attached is a photo sample of our food cart in other existing branches located in other malls inside and outside metro manila.
You can contact us at 123-4567 from Monday to Friday, 9am to 5pm for any clarifications required and for discussing this deal. Hoping we can possibly came up with a business deal since our target market is almost similar.
Yours respectfully,
Mr. Manny Morales Sole Proprietor NC Foods – Potato fries and Chips
Manny Montala was an online entrepreneur who enjoys blogging about entrepreneurship and gathering information for his blog to help budding entrepreneurs. Like this post? Why not share it with your friends on Facebook, Twitter, Google plus, LinkedIn and Pinterest? Scroll up and see social icons above then click and share!
Hi, pano po magsubmit ng LOI and business concept sa mall kung hindi via email. Sa brown envelop po ba yun nilalagay or folder. I just want to look professional. Thanks!
Pwede po bang makahingi ng SAMPLE ng Rental Agreement yun lang pong very basic..may apt. po ako at may gustong mag rent ng space – Cart lang po ilalagay:
Width – 2 ft
Length – 5 ft
Height – 7 ft
Daily pay is P150.00 at monthly electric pay is P200.00..di sila magbabayad ng daily pay if hindi sila nagtinda…ok lang poba yon?
Need your help po.
Thanks in advance…
Ms. Eva Torres
Gud day sir just wondering would u know how much is d prof.fee for d atty if i ask legality of frnchising a food business of my own.i hav no idea thanks in advance
Hi Marcy, I also don’t have an idea because this is the first time
I read about having a need for an atty just to set up a franchising business. What I know is you only need business permit and DTI registrations to set up a business.
Hi Manny, I’m a newbie in leasing a space in a mall. Your LOI sample is very helpful. Thanks for sharing. Question, kailangan ba na DTI registered na ang business before sending the LOI? Planning to send kasi by next week. We already sell our produce sa boulevard and sa public market occasionally kapag may harvest but we want to develop our food product and make our organic produce accessible to all.
Not sure kung kailangan ng DTI registration but I think it is better to have your business registered. Pwde ka naman mag register online. Just go to the DTI website.
Good pm. Need your help to make LOI for leasing inside the mall that is still under construction. Also I don’t have exact type of business right now because as I’ve said, the mall is still under construction.
Hi Jessica, you need to describe your business and declare your business name in the letter of intent. Just follow the pattern on the sample given above.
hi sir,,,gusto ko pong mag lease ng space sa school…kailangan po ba tlga may business name,newbie pa po ako sa negosyo..yung business name na ilalagay po ba eh naka register na sa dti?bagohan palang po ako…
Hi Jennie, please visit the DTI website and you can search their website to check if your business name is already taken. You can also register your business name online.
Hi Evelyn, it easy to write a letter of intent. Just describe the things you are going to sell and describe your business and the kind of business you are going to run in the mall. Use the example above.
Good afternoon sir can i ask a draft letter of intent to rent space inside the school… we are planing to sell burgers, fries,siomai, buko juice. Thank you so much
Hi Edsel, just use the above example on my post above. Just describe your food cart and what kinds of food stuffs you are going to sell like the example above.
Hello could you help me draft a professional email that i can send to potential clients on the office space i have in my building that i am renting.Please need it urgently
is there are a chance that the mall will grant first time business owner? I am planning to put up a playhouse in our province at SM mall but this would be my first business venture. do malls give chance to first timers?
Thank you. This helped me.
Hi Maria Gloria, you’re welcome!
This is interesting, I really want to join this as well
sir pwede p mag patulong pano gumawa ng letter of intent .pamg tatayo po kc ako ng palaruan sa mall..
Hi, paano ang LOI kapag franchise, ” in behalf of ( sample dunkin donut) dunkin D, i would like to” or parang part na ako ng DD?
Hi may sample ka na po ng LOI para sa pag ffranchise?
Hi, pano po magsubmit ng LOI and business concept sa mall kung hindi via email. Sa brown envelop po ba yun nilalagay or folder. I just want to look professional. Thanks!
Pwede po bang makahingi ng SAMPLE ng Rental Agreement yun lang pong very basic..may apt. po ako at may gustong mag rent ng space – Cart lang po ilalagay:
Width – 2 ft
Length – 5 ft
Height – 7 ft
Daily pay is P150.00 at monthly electric pay is P200.00..di sila magbabayad ng daily pay if hindi sila nagtinda…ok lang poba yon?
Need your help po.
Thanks in advance…
Ms. Eva Torres
Sir gud pm pwede po ba mag hingi ng draft para makakuha ng discount for leasing a commercial space sa loob ng mall
Gud day sir just wondering would u know how much is d prof.fee for d atty if i ask legality of frnchising a food business of my own.i hav no idea thanks in advance
Hi Marcy, I also don’t have an idea because this is the first time
I read about having a need for an atty just to set up a franchising business. What I know is you only need business permit and DTI registrations to set up a business.
Hi Manny, I’m a newbie in leasing a space in a mall. Your LOI sample is very helpful. Thanks for sharing. Question, kailangan ba na DTI registered na ang business before sending the LOI? Planning to send kasi by next week. We already sell our produce sa boulevard and sa public market occasionally kapag may harvest but we want to develop our food product and make our organic produce accessible to all.
Not sure kung kailangan ng DTI registration but I think it is better to have your business registered. Pwde ka naman mag register online. Just go to the DTI website.
Good pm. Need your help to make LOI for leasing inside the mall that is still under construction. Also I don’t have exact type of business right now because as I’ve said, the mall is still under construction.
Hi Jessica, you need to describe your business and declare your business name in the letter of intent. Just follow the pattern on the sample given above.
hi sir,,,gusto ko pong mag lease ng space sa school…kailangan po ba tlga may business name,newbie pa po ako sa negosyo..yung business name na ilalagay po ba eh naka register na sa dti?bagohan palang po ako…
Hi Jennie, please visit the DTI website and you can search their website to check if your business name is already taken. You can also register your business name online.
Hi sir can u write a letter of intent for leasing a stall in a mall,with 3 squar meter.im selling cellphone and accessories..thanks in advance…
Hi Evelyn, it easy to write a letter of intent. Just describe the things you are going to sell and describe your business and the kind of business you are going to run in the mall. Use the example above.
Good afternoon sir can i ask a draft letter of intent to rent space inside the school… we are planing to sell burgers, fries,siomai, buko juice. Thank you so much
Hi Edsel, just use the above example on my post above. Just describe your food cart and what kinds of food stuffs you are going to sell like the example above.
Hi sir,
Can I have a letter of intent to rent a space in a hotel. Our business is salon and spa.
Rey Gaucsan
Your Comment Here..God bless you.this has been really helpful.
Hi Sir, good day!
I am planning to rent a space in the mall. Can you give me a sample of intent letter?
Thank you
Hello could you help me draft a professional email that i can send to potential clients on the office space i have in my building that i am renting.Please need it urgently
Hi Lency, you can use the above example in my post.
hi, can u help me how to write a letter of intent for leasing a stall in a mall, i put up a business like smart padala, loto, load & xerox.
thanks.
Hi Jing, you can use the above example in my post.
first thanks sir the second is there a templates for such business letters if yes where i can check and how
Hi sir! I am planning to rent a space in a goverment property. Can you give me a sample of letter of intent. I will sell school supplies.
hi,
is there are a chance that the mall will grant first time business owner? I am planning to put up a playhouse in our province at SM mall but this would be my first business venture. do malls give chance to first timers?
Hi stephanie,
Of course they will give you a chance as long as you comply to their requirements and able to pay the rent.
hi do you know of a space available within manila thank you
Yes i have a slot within recto near stacruz church