Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale, Audit Firm For Sale, Audit Practice For Sale
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Well Established Accounting Firm For Sale In Bellville
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis well established SAIPA firm has service agreements in place with clients for Bookkeeping and Accounting services.  It is only for sale because the owner is emigrating.  If you blink this is gone, first come first serve here.  The ideal buyer will already be in practice to ensure a smooth and fast handover and transition of the clients.  Personal service needed.


BUSINESS SELLING DETAILS

  Selling Price     2,400,000   Turn Over Per Month     145,494 
  Stock Included   Profit Per Month 123,927
  Assets Included 0   R.O.I %  62%
  Total Price  2,400,000    

BUSINESS OVERVIEW

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 History and Overview Of The Business
Fully describe the business's activities  Service agreements with clients to do Accounting and Bookkeeping services, including access to their bank accounts to pay creditors and staff and SARS.  Reconcile and Pay Creditors and send proof of payments to them. Give full Payroll services to the client - Payroll recon/ Give staff payslips Do mid-year + annual IRP5 reconciliations. Complete, submit and pay EMP201s monthly. Reconcile VAT and submit and pay.  Do annual Financial Statements.  Prepare and submit Provisional Tax + Tax returns for clients. Handle SARS queries.  Handle all other admin of business-related queries from clients banks, suppliers, loan applications
When was the business established?  16 years. Most clients have been with the business that long.
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 The owner and staff member do the work.  A specific schedule is kept to improve efficiency and this will be shared and explained to the purchaser to ensure a smooth handover and continued excellent service to the clients.
How are the clients attracted to the business?  Word of mouth, service quality their main selling point.  Excellent reputation especially in the market segment they specialize in.
What Advertising/Marketing is carried out? All their clients come from referrals word of mouth from current clients.  They do not do any marketing
Does the business have any contract work?  Yes, they have contracts (service agreements) with their monthly clients.
What competition exists? Normal competition for the industry
Seasonal Trends? There is a bit of more work to complete during tax season.  Work is planned and get done to stay with-in SARS deadlines
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?  Yes, current and available.
Management Accounts?  Yes
Audited Financials?  N/A
What as Cash/Credit Split? The Seller has access to the monthly client's bank accounts (most of them), they are then also paid on the 24th of every month, the same time when the payroll batches are released. For the few that they don’t have access to bank accounts, they are paid before the end of the month.  Invoices to clients for all additional work done, that’s not part of the monthly service fees, or for my annual clients on the 25th of every month. Everybody pays promptly.
Debtors Book Age Analisys

R55837.50 at end of August 2018. (Fees for provisional taxes etc, higher than normal. Will be paid on 25th September 2018

The strong cash flow is a huge advantage!!!
How can you improve the profitability?

Expand this to more clients.

Add financial services if you have that as offering
 Is Seller Finance available and if so what is it? YYes, in line with selling accounting practices the seller will accept a 60% cash payment and subject to a proper handover and turnover warranty the balance over a 12 month period to an APPROVED buyer.  A structured deal will thus be considered. Please note the seller will not extend this option unless certain guarantees are in place.
   Staffing Of the Business
What is the total number of Staff?  2 staff members and the owner.
Staff Special Perks and Bonuses?  No
Are the staff on Contract? Full-time staff, some on contract. Will be discussed
Does any of the staff have management potential?  No
How involved is the Owner in running the business?  The owner is hands-on and actively involved.  Owner checks all payment batches and payroll batches before releasing it. The owner also checks all management reports before sending it to clients.  The owner is available to clients during working hours for queries. The owner does the tax calculations personally and verifies the Financial statements before discussing it with clients
  Premises Of the Business
When Does the Current Lease ends?  Seller works from home. This is currently in the market to be sold.
Is there an option to renew?  Purchaser will have to find their own premises
What is the annual escalation %  N/A
What are the Trading Hours?

8:00 - 16:00 Monday to Thursday,
8:00 - 13:00 of Fridays

What is the square meters? N/A
Is a copy of the lease available? N/A
Do You require a license? You will have to register or be registered with a body eg. SAIBA/SAIPA/SAICA
 Assets Of The Business
Full Asset List available? Yes, will be provided.  You are buying the Clients & Going Concern.  Assets included to operate the business
 Anything not included in the sale?  You are buying the Clients & Going Concern and Assets.  The personal laptop of the seller is excluded.

 What is condition of the assets  Good
 Any Assets on Lease/HP that Buyer needs to take over? Printer on lease until October 2019
 Are they insured at the moment? Yes
  SWOT Of The Business
 STRENGHTS

Loyal, regular, longstanding clients

Established Western Cape clients

Profitable and productive staff

Low-Risk Concentration

Great cashflow
 WEAKNESSES  Seller Centric
 OPPORTUNITIES
 THREATS  None Perceived
 Summary
Why is this a good business The selling point is the Great Cash Flow and the list of monthly clients that guarantee monthly cash and the annual clients that bring in extra work and fees. Staff members remaining, profitable.  Accounting clients in Cape Town are in high demand; this is a very good opportunity.
Why is the owner selling it? The seller is emigrating in January 2019


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

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