If you’re in the process of hiring someone or negotiating a deal, you may need to create a best and final offer letter. This letter is your last chance to make an offer before the other party moves on. Here’s how to create a best and final offer letter template and some examples to get you started.
How to Create a Best and Final Offer Letter Template
A best and final offer letter template should include several key components:
Greeting
Address the recipient formally, using their title and surname. For example, “Dear Dr. Smith.”
Letter Body
The body of the letter should clearly state that this is your final offer. You should also reiterate the benefits of accepting your offer and why you think it’s the best option for the recipient.
Be sure to include any important details about the offer, such as salary, benefits, and start date.
Complimentary Close
End the letter by thanking the recipient for their time and consideration. Sincerely or Best regards are appropriate complimentary closes.
Once you have these components in place, you can create a template that can be easily edited as needed.
There are numerous best and final offer letter templates available online that you can use as a jumping-off point. You can find examples and edit them as needed to fit your specific situation.
Examples of Best and Final Offer Letter Templates
Salary Negotiations
Dear Mr. Brown,
We are pleased to offer you the position of Senior Account Executive at our firm. We believe that you are the ideal candidate for this role, and we are excited about the possibility of having you on our team.
After careful consideration, we are prepared to offer you a starting salary of $75,000 per year, along with a comprehensive benefits package that includes health insurance, a 401k plan, and three weeks of paid vacation per year.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Sincerely,
John Smith
Real Estate Offer
Dear Ms. Rodriguez,
We are excited to offer you the opportunity to purchase our property at 1234 Main Street. We believe that this property is an excellent investment opportunity for you, and we are prepared to offer you our best and final price of $500,000.
This offer includes all fixtures, appliances, and landscaping on the property. Closing costs will be split equally between the buyer and the seller.
We believe that this is an excellent offer, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Best regards,
John Smith
Job Offer
Dear Ms. Lee,
We are pleased to offer you the position of Marketing Manager at our company. We believe that your skills and experience make you an ideal candidate for this position, and we are excited about the possibility of having you on our team.
After careful consideration, we are prepared to offer you a starting salary of $85,000 per year, along with a comprehensive benefits package that includes health insurance, a 401k plan, and four weeks of paid vacation per year.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Sincerely,
John Smith
Freelance Project
Dear Mr. Johnson,
We are excited to offer you the opportunity to work on our upcoming project. We believe that your skills and experience make you an excellent fit for this project, and we are excited about the possibility of working with you.
After careful consideration, we are prepared to offer you a rate of $100 per hour, with a total budget of $10,000. This budget includes any expenses that you may incur during the project.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Sincerely,
John Smith
Business Partnership
Dear Ms. Patel,
We are excited to offer you the opportunity to partner with us on our upcoming project. We believe that your skills and experience make you an excellent partner for this project, and we are excited about the possibility of working with you.
After careful consideration, we are prepared to offer you a 50% stake in the project, with a total budget of $50,000. This budget includes all expenses associated with the project, including salaries, materials, and marketing.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Best regards,
John Smith
Vendor Agreement
Dear Mr. Kim,
We are excited to offer you the opportunity to become our vendor. We believe that your products and services are an excellent fit for our needs, and we are excited about the possibility of working with you.
After careful consideration, we are prepared to offer you a one-year contract with a total budget of $100,000. This budget includes all products and services that we will purchase from you during the year.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Sincerely,
John Smith
Investment Opportunity
Dear Ms. Brown,
We are excited to offer you the opportunity to invest in our company. We believe that our company has tremendous growth potential, and we would like you to be a part of our success.
After careful consideration, we are prepared to offer you a 10% stake in the company for $50,000. This investment will give you a voice in our decision-making process and a share of our profits.
We believe that this offer is very competitive, and we hope that you will accept it. Please let us know your decision by Friday, March 6th.
Thank you for your time and consideration.
Best regards,
John Smith
Frequently Asked Questions
What is a best and final offer letter?
A best and final offer letter is a letter that is sent to someone as a last attempt to make an offer. It is typically used in situations such as job offers, real estate negotiations, and business partnerships.
What should be included in a best and final offer letter?
A best and final offer letter should include a greeting, the body of the letter, and a complimentary close. The body should clearly state that this is the last offer and include all pertinent details about the offer.
How do I create a best and final offer letter template?
To create a best and final offer letter template, start by including a greeting, the body of the letter, and a complimentary close. Be sure to include any important details about the offer, such as salary, benefits, and start date. Once you have these components in place, you can create a template that can be easily edited as needed.
Can I use a best and final offer letter template?
Yes, there are numerous best and final offer letter templates available online that you can use as a jumping-off point. You can find examples and edit them as needed to fit your specific situation.
When should I send a best and final offer letter?
You should send a best and final offer letter when you have made your final offer and the other party has not yet accepted. It is typically sent as a last attempt to make an offer before the other party moves on.
What should I do if the other party rejects my best and final offer?
If the other party rejects your best and final offer, you have two options. You can either accept their rejection and move on, or you can try to negotiate further if you believe that there is still room for compromise.
How long should I give the other party to respond to my best and final offer?
You should give the other party a reasonable amount of time to respond to your best and final offer, typically no more than a few days to a week.
Conclusion
A best and final offer letter can be the last chance to make an offer before the other party moves on. By following these tips and using the examples provided, you can create a compelling best and final offer letter template that will help you get the results you want.