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Accounting Practice In Cape Town For Sale
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Business For Sale


ACCOUNTING PRACTICE FOR SALE OVERVIEW


Accouting Practice For SaleSmall accounting practice ideal for a new entrant to the market or someone expanding their operation available in Cape Town.  Established for the last two years the sellers are emigrating to the UK.  They are motivated sellers that will ensure an effective handover of the clients. Note that the clients are on debit order, hence great cashflow.  Don't think, don't blink or you will miss this one.


BUSINESS SELLING DETAILS

  Selling Price     595,000   Turn Over Per Month     41,129 
  Stock Included   Profit Per Month 30,634
  Assets Included  35,000   R.O.I %  62%
  Total Price   595,000    



BUSINESS MANDATE INFORMATION
Yes, clients are on contract.  A budget is agreed up front for the year and the clients then pays monthly Normal competition of other small accounting practices All year trade Family business with a loyal client base
Clients on monthly retainer The practice has built up a huge amount of respect with their clients and have a loyal client base. Very little issues with payments and most clients allows you to work on their accounts with very little queries. The clients are loyal and will stay hence the client warranty offered
 History and Overview Of The Business
Fully describe the business's activities  Full function accounting practice operating in Cape Town with clients spread over the area.  Hands on owners emigrating.  Ideal for a new entrant or someone expanding their practice.
When was the business established?  2015
How long has the owner had the business?  The current owner started the business in 2015
 How Does The Business Operate
How does the business operate on a daily basis  The owner operates the practice, from capturing information, submissions to SARS
How are the clients attracted to the business?  Word Of Mouth
What Advertising/Marketing is carried out? Website, now non functional and word of mouth
Does the business have any contract work? Clients are yearly clients paying monthly while having their work is done
What competition exists? Normalotherpractices
Seasonal Trends? Obviously busier in Tax Season
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials?  Up to date is available
What as Cash/Credit Split? Debit order system, all accounts paid within 12 month period for cash flow.  The clients agree to a budget for the work to be done in the year and then pay monthly
Debtors Book Age Analysis Clients receive one INVOICE for the year but pay that off over a 12 month period. Only had one missed payment in the last 3 months and in this case the client paid immediatly after the mistake was made. Have proof in documentation off all this.
How can you improve the profitability? More clients and additional staff
 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 after a 6 to 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? 1 staff member that will not stay at end of the sale, family of the seller
Staff Breakdown  N/A
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential?  N/A
How involved is the Owner in running the business? Hands On owner operated practice
  Premises Of the Business
When Does the Current Lease ends?  N/A Home based practice
Is there an option to renew? NA
What is the annual escalation % N/A
What are the Trading Hours? Mon - Fri  08:00 - 17.00
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 be registered one of the Accounting bodies ie SAIPA
 Assets Of The Business
Full Asset List available?  The Client Base
Small items, like 2 laptops, filling cabinets and other small
 Anything not included in the sale?  No, everything is included
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over?  Printer with Toshiba
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS
 WEAKNESSES  As they specialise in small businesses the clients become extremely dependent on them
 OPPORTUNITIES The trust part of the business can be explored some more. There is a huge market for trust and the business has build up valuable contacts at SARS and the Trust offices in Cape Town
 THREATS  None identified
 Summary
Why is this a good The practice has built up a huge amount of respect with their clients and have a loyal client base. Very little issues with payments and most clients allows you to work on their accounts with very little queries. The clients are loyal and will stay hence the client warranty offered.
Why is the owner selling it? Owners emigrating


Business For Sale, Accounting Practice For Sale,Accounting Clients For Sale

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have viewed this page since 15 April 2017