Business Closing Letter
A business closing letter is written by a company that has been forced to close its business venture due to some reason such as poor performance due to the ailing economy or the retirement/demise of the business owner. Sometimes things don’t go according to plan, or circumstances beyond your control inadvertently affect your environment such as recessions, poor markets, etc. Such situations can at times prove to be too difficult to overcome and may plunge you into a position where recovery isn’t possible.
The company writes a business closing letter to inform its customers, suppliers and business associates of the news. The closing letter must be formal in nature, with a courteous tone. The contents of the letter must convey the appreciation that the company feels towards its customers and partners for their support and patronage during their time of crisis along with any relevant details that may be helpful to the recipients such as contact information, settlements, dues, etc.
Business Closing Letter – Sample
Winter Tailoring Services
889 Ridge Avenue
Las Vegas, NV 89873
Subject: Notification of Business Closing
Dear Sir / Madam
This letter serves to notify the closing of business for Winter Tailoring Services at the above address.
Thank you for your kind patronage and support to Winter Tailoring Services in its past years of operation, but the rapidly ailing economy has affected the business we receive drastically over the past couple of years with the little demand of Winter Tailoring Services goods and high expenses in the products material supplies.
Given the rising costs of artistry, labor as well as raw materials and other production costs, our hierarchy has decided to curtail any excessive costs, and it is with a heavy heart that we had to make this decision. Our partners and loyal customers have been long and enduring members of our family, and we felt it best to inform you of our decisions as a token of our thanks for your support.
We at Winter Tailoring Services wish to apologize for any inconvenience caused by this closing notification. All our existing projects will nevertheless be completed and delivered before the store closes later this month. However, a smaller subsidiary of Winter Tailoring Services can be found at:
2461 Essex Court
South Burlington, VT 05403
We would welcome your continued patronage at the subsidiary of Winter Tailoring Services. The contact number is (730) 277-2938-293 and we will continue operating at the same timings and schedule.
We hope that you will be a part of our family, as we aim to build anew.
Winter Tailoring Services