Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale
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Small Accounting Firm For Sale In Pretoria East
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis client base is for sale in Pretoria East. The practice is owner centric. The nucleus is a single larger client. The ideal buyer will already be in practice in Pretoria and increasing its fee base. The seller will ensure a smooth handover and transition of the clients for one month and provide a 12-month warranty. The Seller is emigrating, hence the sale.


BUSINESS SELLING DETAILS

  Asking Price  390,000 
  Fees Per Year 297,723 
  Cost Of Sale
  Gross Profit   297,723 
  Expenses 84,000 
  Profit Per Year* 213,723 
  ROI% 54.8% 



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  The practice is mainly focussing on accounting, tax, secretarial and consulting services and is therefore registered as a Tax practitioner with SAIPA, as its governing body. This is a small practice with loyal clients. It has 46 clients.
When was the business established?  Since 2016
How long has the owner had the business?  Seller started it
 How Does The Business Operate
How does the business operate on a daily basis  Owner managed and run.
How are the clients attracted to the business?  Word Of Mouth
What Advertising/Marketing is carried out?  None
Does the business have any contract work?  No, but longstanding client base.
What competition exists?  Normal competition
Seasonal Trends?  Busier In Tax Season
 Financial Information
Vat Registered?  No
Management Accounts?  It will be provided if needed.
What annual financials are available, income statement and or balance sheets?  Management accounts for 2019 will be provided if needed. 2017,2018 and 2019 AFS available
What percentage of the business is cash/credit?  All credit
Debtors Book Age Analysis  90 days.
How can you improve the profitability?  By increasing 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 50% cash payment and subject to a proper handover, turnover warranty for 12 months and the balance payable over 12 months, to an APPROVED buyer. A structured deal will thus be considered.
   Staffing Of the Business
What is the total number of Staff?  No Staff
Staff Special Perks and Bonuses?  N/A
Are the staff on Contract?  N/A
Does any of the staff have management potential?  N/A
How involved is the Owner in running the business?  Hands On
  Premises Of the Business
When Does the Current Lease ends?  Seller owns the premises.
Is there an option to renew?  No, you will relocate.
What is the annual escalation %  N/A
What are the Trading Hours?  Office Hours
What is the square meters?  N/A
Is a copy of the lease available?  N/A
Do You require a license?  Yes, professional body, SAICA,/SAIPA/ACCA etc
 Assets Of The Business
Full Asset List available?  N/A
 Anything not included in the sale?  You are buying the Clients & Going Concern. Only the clients are for sale, no office equipment.

 What is condition of the assets  N/A
 Any Assets on Lease/HP that Buyer needs to take over?  N/A
 Are they insured at the moment?  N/A
  SWOT Of The Business
 STRENGTHS  Loyal, regular, clients
 Established for 3 years
 Affordable fee bock, no overheads
 WEAKNESSES  Concentration risk in one client is 38%
 OPPORTUNITIES  Expand the firm
 THREATS  None Perceived
 Summary
Why is this a good business  Growing and loyal clients.
 No staff and other costs, thus pure fees
Why is the owner selling it?  The owner is emigrating.


Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale

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