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.
Evan Prochniak, Kenneth Schuster, and Sam Sherman bought Zitner from Sidney Rosenblatt, whoâd owned the candymaker for the last 20 years. Rosenblatt, who is also chief financial officer of Universal Display Corp., of Ewing, N.J., could not be reached for comment. Founded by Sam and Annie Zitner in the 1920s, the company was owned and run by their nephew, Leon Sherman, for 54 years until his death in 1990.