History and Overview Of The Business
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| Fully describe the business's activities |
The business offers Accounting, Financial Statements, Projected Cash Flows, Management Accounts, Payroll, Financial Consulting, VAT, Taxation, CIPC and CSD to their clients.
Looking after around 75 business clients, more than double that amount in tax clients, and approximately 20 dormant clients that are maintained and ready for business |
| When was the business established? |
2001 |
| How long has the owner had the business? |
Owner is the founding member |
How Does The Business Operate
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| How does the business operate on a daily basis |
The business is owner run with the staff doing the work and the owner reviewing and finalising. Work is brought in by the clients. |
| How are the clients attracted to the business? |
The good service delivered by the firm and then there is a big demand for small and medium size accounting firms. |
| What Advertising/Marketing is carried out? |
Word Of Mouth |
| Does the business have any contract work? |
No, only long term clients |
| What competition exists? |
Normal
|
| Seasonal Trends? |
Normal accounting and seasonal tax, but very consistent income. |
Financial Information
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| Vat Registered? |
No |
| Vat Documentation on File? |
N/A |
| Management Accounts? |
Yes |
| Aannual Financials? |
Feb 2017 |
| What as Cash/Credit Split? |
Credit |
| Debtors Book Age Analisys |
30 days |
| How can you improve the profitability? |
Expand the client base |
| Is Seller Finance available and if so what is it? |
Yes, in line with selling accounting practices the seller will accept a 70% cash payment and subject to a proper hand over and turnover warranty the balance over a 6 month period to an APPROVED buyer. A structured deal will thus be considered. |
Staffing Of the Business
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| What is the total number of Staff? |
4 Staff |
| Staff Special Perks and Bonuses? |
December 13th Cheque |
| Are the staff on Contract? |
Yes |
| Does any of the staff have management potential? |
Yes |
| How involved is the Owner in running the business? |
Review, Planning and Consulting |
Premises Of the Business
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| When Does the Current Lease ends? |
In 4 years |
| Is there an option to renew? |
Yes |
| What is the annual escalation % |
10% |
| What are the Trading Hours? |
Office Hours |
| What is the square meters? |
=/- 65m2 |
| Is a copy of the lease available? |
Yes, on file |
| Do You require a license? |
You will have to register or be registered with a professional body like, SAIBA/SAIPA/SACIA |
Assets Of The Business
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| Full Asset List available? |
Asset list is on file |
| Anything not included in the sale? |
All included
|
| What is condition of the assets |
Good |
| Any Assets on Lease/HP that Buyer needs to take over? |
No |
| Are they insured at the moment? |
Yes |
SWOT Of The Business
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| STRENGHTS |
Well Established since 2001
Good monthly cash flow
No Big Competitor in Area
Regular and loyal client base |
| WEAKNESSES |
Outsourcing Audits currently
|
| OPPORTUNITIES |
Add Auditong Services
Add SAIPA Training |
| THREATS |
None Perceived
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Summary
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| Why is this a good business |
Good Turnover and profitable
Good Client base |
| Why is the owner selling it? |
Seller relocating to Cape Town
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