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Accounting Firm For Sale In Pretoria East
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis is a stable practice with a core client base of some 60 clients.  The staff members will remain and continuity is ensured for the clients and the buyer.  The practice has very stable monthly billings.

The seller is leaving the industry to follow a business dream.  We, therefore, are looking at a transaction with 60% up-front payment of the asking price.  The balance is payable over 12 months at R60,000 per month, with a balloon payment in month twelve, subject to a client warranty

 
BUSINESS SELLING DETAILS

 

  Selling Price     2,500,000   Turn Over Per Month     155,512 
  Stock Included   Profit Per Month 103,306
  Assets Included 0   R.O.I %  66.4%
  Total Price   2,500,000    

Business Overview

1. History Background

Fully describe the business's activities

This practice is made up of normal Accounting & Tax Services. The owner is hands on with the marketing and consulting but the four staff members do the bulk of the work. The practice has a solid monthly client base,

How long has the business been established?

2011 but some clients has been with the firm for 20 years

How long has the owner had the business?

Seller started it

2. Present Market

How does the business operate on a daily basis

Owner operated.

How are the clients attracted to the business

Word of mouth

 

What Advertising/Marketing is carried out

No advertising.

Does the business have any contract work

+/- 60 regular monthly clients

What competition exists

Normal competition for the industry

What are the seasonal trends

There is a bit of more work to complete during tax season. Jan and February with annual year ends is obviously busier. August for provisional tax is also busier

3. Financial

Is the business VAT Registered

Yes.

Are there up to date management accounts?

Yes, current and available.

What annual financials are available, income statement and or balance sheets?

Yes, 2018

What percentage of the business is cash/credit?

Terms of 30 days

What is the age analysis of the debtor’s book?

30 – 60 days – about R420,000 debtors book

How could the profitability of the business be improved?

More clients should be added and the service offering can be expanded.

Is Seller finance available and for what amount?

Yes, in line with selling accounting practices the seller will accept a 60% 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. Please note the seller is emigrating and a fast handover will take place.

4. Staffing

What is the total staff complement?

4 staff members that excludes the owner. Thus 4 to be taken over. This will also assist with continuity and be a condition of a warranty.

Staff Breakdown

Will be discussed with buyers.

Do any receive special perks, bonuses or incentives?

No

Are they on contract?

Yes

How involved is the Owner in running the business

Owner is hands-on

5. Premises

When does the current lease end?

Operated from the sellers house

Is there an option of renewal & what period

N/A

What is the annual escalation %?

N/A

What are the trading hours?

N/A

What is the square meterage of the business?

100m2

Is a copy of the lease available?

N/A

Do you require a licence?

Yes, professional body, example SAIBA/SAIPA/SAICA

6. Assets

Is a full asset list on file?

Some office furniture

Are any items not included in the sale?

Coffee Machine

What is their overall condition?

N/A

Do any require repairing?

N/A

How have they been valued?

N/A

Which assets are on lease/HP and with whom?

Printer is on a month to month rental and may be cancelled

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths

Loyal client base

Consistent Clients

60 regular client base

Staffed

Weaknesses

None perceived

Opportunities

Expand services to clients

 

Threats

None Perceived

8. Reason For Sale

What is the reason for the sale?

Owner leaving industry

9. Conclusion

Why is this a good business to buy?

Client Retention with the remaining staff members, strong monthly income and Cashflow is always a big plus. Pretoria East practices don’t come to market often



Accounting Clients For Sale, Accounting Practice For Sale, Bookkeeping Clients For Sale, Accounting Block Of Fees For Sale
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Testimonials
What does our clients say? Both Buyers and Sellers?

Baie dankie vir jou hulp en moeite, dit was baie vinnig en maklik.- Nicolene (2018)

 It was a pleasure dealing with you Louis! It was good to know that you’ve got both parties interests at heart. Many thanks - Marcia (2017)

Thanks so much for your professional assistance with the sale, we appreciate it. -  Inita (2017)

Thank you for your hard work and input. You did say that it may be much quicker than I expected and you were right !! 
Also at a better price than even you expected, thank you and well done. - Ken (2017)

Baie dankie!! - Riaan (2017)

A thank you from my side for both your professionalism in handling the transaction - Erika (2016)

Forgot to thank you for your efficiency and the ease  of doing business with you - Joanne (2016)

Thank you so much! - Tiziana (2016)

 Thank You!  When can we set up an appointment to meet and discuss what is required to proceed with the sale? - Roxanne (2016)

Buyers
have viewed this page since 3 April 2018