Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale,SAIPA Firm For Sale
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Accounting Firm For Sale In Boksburg
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis established firm since 2000 is located in Boksburg with strong monthly Cashflow servicing accounting clients.  This is a sole practitioner SAIPA practice with a wide variety of clients and industries.  The stable clients ensure a stable firm supported by productive staff.  The ideal buyer will already be in practice to ensure a smooth handover and transition of the clients.  The remaining staff ensures continuity.  Seller will do a proper warranted handover..


BUSINESS SELLING DETAILS

  Selling Price     5,600,000   Turn Over Per Month     387,627 
  Stock Included   Profit Per Month 204,380
  Assets Included 0   R.O.I %  43.8%
  Total Price   5,600,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This is a sole practitioner SAIPA practice with a wide variety of clients and industries.  The stable clients ensure a stable firm supported by productive staff.
When was the business established?  2000, 18 years
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, competent staff with minimal supervision required.  Systems in place for consistent workflow
How are the clients attracted to the business? Word of mouth and normal growth of existing clients
What Advertising/Marketing is carried out? Word Of Mouth
Does the business have any contract work?  Regular monthly clients, very constant cashflow
What competition exists? Normal competition for the industry
Seasonal Trends? Busier Tax Season
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?  Yes, current and available
Management Accounts?  Yes
Audited Financials?  28 Feb 2018 AFS available
What as Cash/Credit Split?  99% on Credit
Debtors Book Age Analisys  90 days
How can you improve the profitability? Expand the client base and introduce Value added services
 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?  Owner with three senior staff member, two intermediate staff on learnerships.
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  Normal employment contract, except for two which are on a learnership contract
Does any of the staff have management potential?  Will be discussed with buyer
How involved is the Owner in running the business?  The owner is hands-on and currently integral to the practice
  Premises Of the Business
When Does the Current Lease ends?  Seller owns the premises, lease to be negotiated if you plan to stay.  Building may also be purchased.

Is there an option to renew?  Yes your choice
What is the annual escalation %  To be discussed, but 8% is on the table
What are the Trading Hours? Office Hours, currently a verbal agreement in place that work starts at 07:30 daily and then Fridays the firm closes at 14:30
What is the square meters?  150m2 currently
Is a copy of the lease available? To be discussed
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?

Yes, will be provided.  You are buying the Clients & Going Concern.  Clients List & Office furniture/Equipment to support clients will be provided

 Anything not included in the sale?  You are buying the Clients & Going Concern.  Personal Effects to be excluded
 What is condition of the assets  Good, all computer equipment were upgraded in March 2018
 Any Assets on Lease/HP that Buyer needs to take over? N/A
 Are they insured at the moment? Yes
  SWOT Of The Business
 STRENGHTS

Loyal, regular, distributed and diverse clients
Staffed with productive staff, high index on Benchmark Valuation

 Established for 18 years
 WEAKNESSES  None Perceived
 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
Expand on this as a base, central premises as well
Value Added Services to existing clients
 THREATS  None Perceived
 Summary
Why is this a good business Historically consistent high profitability.  Excellent historical client retention through dedicated client service.  Staff is well versed in responsibilities and client needs.  Consistent meeting of deadlines.  Be quick or miss it!
Why is the owner selling it? The owner is relocation and having a lifestyle change


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

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