An extension letter is usually written at least 30 days before the expiration of the lease. However, it is recommended to write the letter at least 60 days before the expiration date of the lease to give the tenant or landlord more time to consider any major changes in the lease.
Under the deal - which is expected to be completed in the third quarter of 2015 â Daveâs Killer Bread (currently 50:50 owned by the founding Dahl family and VC firm Goode Partners) will be run as an independent subsidiary.
Retail sales of Dave's Killer Bread surged 25% last year, while fiscal 2016 sales are forecast to be between $160 and $170 million, said Shiver, who noted that growth in the organic bread market significantly outpaced growth in the overall bakery category in the past four years.