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Accounting Clients For Sale In Johannesburg
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThe book comprises approximately 40 active clients. The clients are serviced from an office on the East Rand. The majority of the clients are based throughout Gauteng and services can easily be performed in any location in Gauteng. Services comprise accounting, taxation, payroll, advisory, and preparation of financial statements. It is recommended that one staff member is taken over to service all clients. Dont delay.


BUSINESS SELLING DETAILS

  Selling Price     1,250,000   Turn Over Per Month     75,000 
  Stock Included   Profit Per Month 43,500
  Assets Included 0   R.O.I %  42%
  Total Price   1,250,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  The owners no longer have the capacity to service all clients and due to time constraints, other business interests and emigration plans. The book comprises approximately 40 active clients. The clients are serviced from an office in Boksburg, however, the majority of the clients are based throughout Gauteng and services can easily be performed in any location in Gauteng. The seller does have consulting offices in Sandton which can be used to consult with clients. Services comprise accounting, taxation, payroll, advisory, and preparation of financial statements. Purchase of assets and take over of any staff are at the discretion of the buyer. It is recommended that one staff member is taken over to service all clients.
When was the business established?  2013
How long has the owner had the business?  Client since 2013 of the owners
 How Does The Business Operate
How does the business operate on a daily basis  Staff do majority of the work with the owner reviewing the work
How are the clients attracted to the business?  Word Of Mouth
What Advertising/Marketing is carried out? Word Of Mouth
Does the business have any contract work?  Many clients on retainer, the rest billed for work done
What competition exists? Normal
Seasonal Trends? Busier Tax Season
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?   Yes, but you only buying a part of the client base
Management Accounts?  Yes
Audited Financials?  N/A
What as Cash/Credit Split?  Credit
Debtors Book Age Analisys  Most of clients up to date
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 50% cash payment and subject to a proper hand over and turnover warranty the balance over a 12 month period to an APPROVED buyer.  A structured deal will thus be considered.
   Staffing Of the Business
What is the total number of Staff?  It is suggested that one staff member is taken over to service the clients and ensure continuity.  That staff member is based on the East Rand
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential?  No
How involved is the Owner in running the business?  Overseeing the clients with staff doing the work and reviewing the work done.
  Premises Of the Business
When Does the Current Lease ends?  Feb 2018, that is if you want the premises
Is there an option to renew?  Yes your choice
What is the annual escalation %  10%
What are the Trading Hours? Office Hours
What is the square meters?  140m2 currently
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 body like, SAIBA/SAIPA/SACIA
 Assets Of The Business
Full Asset List available? This is the purchase of clients, a block of fees.  If you would like to add assets that can be discussed in addition to the clients
 Anything not included in the sale?  You buying 40 Clients

 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
 STRENGHTS Well Established since 2013
Good monthly cash flow with client risk spread
Different Geographical areas
Retainer clients included
 WEAKNESSES  None Perceived
 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
 THREATS  None Perceived
 Summary
Why is this a good business Great opportunity to by 40 business clients in a batch on the East Rand and Johannesburg North
Why is the owner selling it? Seller has various other business interests and require more time to focus on them.  The Seller is also planning to emigrate in the next year or two and need to start reducing their local business holdings


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have viewed this page since 8 October 2017