History and Overview Of The Business
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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
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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
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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
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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
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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
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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
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Summary
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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.
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