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Business For Sale


BUSINESS FOR SALE OVERVIEW


This practice compiles Financial Statement, manages Tax and VAT, register companies, do annual returns and PAYE for a range of clients inAccounting Practice For Sale the surrounding area and Town.  The clients are also for sale outright.  The practice has 50 clients.  Opportunity exists to expand with the assistance of an Auditor as a new owner.  The current owner has accepted full time employment.

BUSINESS SELLING DETAILS

  Selling Price     200,000   Turn Over Per Month     34,891 
  Stock Included   Profit Per Month 15.954
  Assets Included  30,000   R.O.I % %
  Total Price   200,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This practice compiles Financial Statement, manages Tax and VAT, register companies, do annual returns and PAYE for a range of clients in the surrounding area and Town.  The clients are also for sale outright.  The practice has 50 clients.  Opportunity exists to expand with the assistance of an Auditor as a new owner.  The current owner has accepted full time employment.
When was the business established?  2010
How long has the owner had the business?  The current owner started the practice in 2010
 How Does The Business Operate
How does the business operate on a daily basis  Staff does the work, like capturing and compiling information up to trial balance. The owner checks the work and discuss the information with the clients
How are the clients attracted to the business? Word Of Mouth
What Advertising/Marketing is carried out? They have a website but use Facebook as marketing tool
Does the business have any contract work? No, but the practice does have regular clients built up over the last 5 years.
These clients are loyal to the practice
What competition exists? Normal
Seasonal Trends? Busier In Tax Season
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials?  Yes, 2012,2013,2014
What as Cash/Credit Split?  100% credit, invoice when work is done, payment in 30days from statement
Debtors Book Age Analysis  60 days
How can you improve the profitability?  Increase the clients and services offered
 Is Seller Finance available and if so what is it?  Yes, as per standard for Accounting Practices
   Staffing Of the Business
What is the total number of Staff?  3 staff members, one is a contract worker
Staff Breakdown 3 staff member does all the work from capturing, preparing of statements
Staff Special Perks and Bonuses?  The contract worker works om commission basis
Are the staff on Contract?  Yes
Does any of the staff have management potential? No
How involved is the Owner in running the business? Hands On
  Premises Of the Business
When Does the Current Lease ends?  Ongoing
Is there an option to renew?  Yes for 1 years, thus 2017 and every year thereafter
What is the annual escalation %  10%
What are the Trading Hours? 07:30 - 16:30 (Mon - Thu) Closed for lunch 1300 to 1400
07:30 - 16:00 (Fri) Closed for lunch 1300 to 1400
What is the square meters?  100m2
Is a copy of the lease available?  Yes, on file
Do You require a license? You have to register or be registered with one of the professional bodies like SAIBA/SAIPA/SAICA etc.
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale?  No, everything is included
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over? Yes the printer for R1,500 per month
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Established, Low Competition
Base to expand into the area
 WEAKNESSES  Slower paying debtors
 OPPORTUNITIES Expand service offering
 THREATS None identified
 Summary
Why is this a good business Established practice, with good clients and experienced staff
Why is the owner selling it? Owner is accepting full time employment


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have viewed this page since 13 Feb 2017