First off, I would like to thank Frank and gang at obuniversity for a great forum. This is my first post.
I am looking to purchase an abandoned premise sign and resell the advertising space after getting a variance from the city. Is it better to buy the billboard or just rent the space and release it?
Also, I would like to hear your thoughts/feedback on my proposal to the land owner as shown below. I have used elements from the initial letter in the book.
This is a proposal to buy the abandoned sign on your property on X street to re-purpose as an outdoor advertising billboard sign.
We would like to offer $2000.00 for the purchase of the sign along with a 15 year ground lease.
After the purchase of the sign, you will receive $ XXXX per year with not time, effort or risk on your part.
Please call me at 555-5555 to discuss this proposal. I look forward to hearing from you.
insert photoshopped image of new and improved billboard