A Change of Ownership Announcement Letter is a merely a formal announcement to all the faithful and devoted customers/employees that the owners of the company are going to waive the ownership to some other person/body. To put it straightforwardly, it is going to be owned by someone else/body henceforth. Such announcement letters can be used for reputed and huge firms/companies or businesses.
It can either be a change in ownership or management. The letter may include a few essential details about the new owner of the new owner’s name, qualification, experience, and contact information. Disclosure of more information other than these basic ones entirely depends upon the company’s policy and decision-making panel.
Tips for writing a Change of Ownership Announcement Letter
- The Change of Ownership Announcement Letter should include relevant details like changes in the existing contracts and renovation of policies. Also, material changes to the rules and regulations of the company should be disclosed.
- It must briefly include the history of the new owner, work background, experience, qualification, and USP to run the business without endangering its smooth functioning.
- Also, don’t forget to disclose the details regarding the financial statement and records of the old company for transparency. And assure the customers/employees that the quality of products and the services offered to the customers won’t be compromised.
- State the fact that it has been completely sold to a different person/body. For customer/employee trust and satisfaction, disclose the actual reason for the change in ownership. This will help to maintain the relationship.
Change of Ownership Announcement Letter Template:
Use our free Change of Ownership Announcement Letter to help you get started.
From,
__________
__________
__________
__________
Date: _____ (Date on Which Letter is Written)
To,
__________
__________
__________
__________
Subject: Change of Ownership Announcement Letter.
Dear _____(Sir or Madam),
We want to bring to your notice and announce that our firm, ________________ (name of the Existing Firm) located at _____________ (Location of the Firm) is being transferred to the new owner ________________ (Name of the New-Owner). The firm was co-owned by ________________ (Name of the Existing Co-Owners), ______________ (Position of the Existing Co-Owners in the Firm). The change in the ownership would be effective from _________ (Date from which the Ownership of the new owner will be effective).
We intend to notify you, through this letter, that there is no change in the management and policies of the store. We make certain you that we are going to sustain the reputation and standing that we have managed to build for over _____________ (Number of years of firm’s existence), by assuring you that the ________________ (Propose the plans). We had to take the step of changing the ownership of the firm because ________________ (Mention the reason) but we ensure you that ______________ (Name of the New Owner) would handle the store with his/her __________________ (Qualities/Experience possessed by the New Owner).
You have always been our valued client and have trusted us from the very beginning and also in all the odds, for which we are very thankful to you — expecting to seek the same shortly.
Thanking You,
Yours truly,
Name and Signature.
Sample Letter
From,
Pearson Hardman,
Greenback street,
New York, USA.
November 18, 2016.
To,
Mike Ross,
Boogie Street,
New York, USA.
Subject: Change of Ownership Announcement Letter.
Dear Mr. Mike Ross,
We have written to you for bringing to your notice and announcing that our firm, with the name of “Pearson Hardman Clothing Firm,” located at 126/Boogie Street, New York, is being transferred to the new owner Ms. Jessica Pearson. The store was co-owned earlier by Mr. John Hardman and Ms. Jessica Pearson, managing heads of the Pearson Hardman Clothing Firm. The change in ownership would be valid from 18th December 2016.
We intend to notify you, through this letter, that there is no modification of the management and policies of the store. We ensure you that we are going to sustain the reputation and standing that we have managed to build for over 25 years, by assuring you that the supreme quality of products and top-notch services will remain the same. We had to take the step of changing the ownership of the firm because Ms. Hardman is mentally and emotionally ill and unfit to continue being the co-owner,. Still, we assure you that the sole-owner, Ms. Pearson would handle the store with her sheer dedication and experience in the clothing industry.
You have always been our valued client and have trusted us from the very beginning and also in all the odds, for which we are very thankful to you — expecting to seek the same shortly.
Thanking you!
Yours truly,
Harvey Spectre,
Marketing Head.
Email Format
The following is the Email Format that should be followed while writing a Change of Ownership Announcement Letter.
To: name@email.com
From: name@email.com
Subject: Change of Ownership Announcement Letter.
Dear Mr. Mike Ross,
We have written to you for bringing to your notice and announcing that our firm, with the name of “Pearson Hardman Clothing Firm,” located at 126/Boogie Street, New York, is being transferred to the new owner Ms. Jessica Pearson. The store was co-owned earlier by Mr. John Hardman and Ms. Jessica Pearson, managing heads of the Pearson Hardman Clothing Firm. The change in ownership would be valid from 18th December 2016.
We intend to notify you, through this letter, that there is no modification of the management and policies of the store. We ensure you that we are going to sustain the reputation and standing that we have managed to build for over 25 years, by assuring you that the supreme quality of products and top-notch services will remain the same. We had to take the step of changing the ownership of the firm because Ms. Hardman is mentally and emotionally ill and unfit to continue being the co-owner,. Still, we assure you that the sole-owner, Ms. Pearson would handle the store with her sheer dedication and experience in the clothing industry.
You have always been our valuable customer and have trusted us from the very beginning and also in all the odds, for which we are very thankful to you — expecting to seek the same shortly.
Thanking you!
Yours truly,
Harvey Spectre,
Marketing Head.