Accounting Practice Client Base For Sale,Accounting Practice For Sale,Accounting Clients For Sale,Accounting Business For Sale,Business For Sale
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Accounting Practice Client Base For Sale
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Business For Sale



BUSINESS FOR SALE OVERVIEW

Petrol Station For SaleExpand your practice, or get into the business with a solid foundation yet work from home! Johannesburg North client base, a mix of Schools, Businesses and Body Corporates.  Long standing client base. Owner emigrating.



Fitment Centre For SaleSELLING DETAILS

Selling Price

495,000

Turnover pm

38,4333

Stock

0

Profit pm

34,433

Total Asking Price

495,000

Net Assets Included

0






MANDATE REPORT

1. History Background

Fully describe the business's activities

Expand your practice, or get into the business with a solid foundation yet work from home! Johannesburg North client base, a mix of Schools, Businesses and Body Corporate. Long standing client base. Owner emigrating. The business has a mix of clients, 14 businesses/schools/body corporate and about 10 individuals also give her their personal taxes to do.

How long has the business been established?

2005

How long has the owner had the business?

She started it

2. Present Market

How does the business operate on  a daily basis

Owner operated. She does visit 4 clients monthly in the Lanseria Airport area. The rest she does from home, so this is ideal for someone looking for an add on client base to an existing business or to get into the industry or a stay at home mom with and accountancy practice

How are the clients attracted to the business

Word-Of-Mouth

What Advertising/Marketing is carried out

None

Does the business have any contract work

Monthly billed clients, bimonthly billed clients for work done is the core of this practice, on average R25,000 per month. She does not follow the retainer model but a pay for work done model at industry rates.

What competition exists

The normal for these type of businesses

What are the seasonal trends

Normal trend for the industry

3. Financial

Is the business VAT Registered

No

What VAT documentation is on file?

No

Are there up to date management accounts?

Monthly billed clients, bimonthly billed clients for work done is the core of this practice, on average R25,000 per month. She does not follow the retainer model but a pay for work done model at industry rates.

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

The owner will make it available for serious buyers.

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

Some clients pay on 30 days, most earlier on invoice

How could the profitability of the business be improved?

The option to do audts, where she outsource that for clients, about R100,000 per annum and then normal expansion.

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

No Staff

Staff Breakdown and length of service

N/A

Do any receive special perks, bonuses or incentives?

N/A

Are they on contract?

N/A

Do any have management potential?

N/A

How involved  is the Owner in running the business

N/A

5. Premises

When does the current lease end?

No lease, work from home currently, plus you buying the client base

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?

N/A


Is a copy of the lease available?

Yes

Do you require a licence?

To submit on behalf of client to SARS and draft statements you need to belong to either SAIT, SAIPA, SAICA

6. Assets

Is a full asset list on file?

None, only the clients.  Seller is keeping the laptop and Pastel.

Are any items not included in the sale?

N/A

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?

N/A

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are they presently insured?

N/A

7. S.W.O.T. Analysis

Strengths

Good solid client base with good spread of risk and types of clients

Weaknesses

No staff with knowledge and a small base

Opportunities

To do audits, expand the base and service offering

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Seller emigrating

9. Conclusion

Why is this a good business to buy?

Accounting Practice with good long standing client base, northern suburbs of Johannesburg doesn't come on the market often.





 

Accounting Practice Client Base For Sale,Accounting Practice For Sale,Accounting Clients For Sale,Accounting Business For Sale,Business For Sale






Reference - R150103
 


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