Accounting Practice For Sale, Accounting Clients For Sale, SAIPA Practice For Sale, Accounting Firm For Sale
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Accounting Practice In Fourways For Sale
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThe practice has clients on 12 month retainer contracts.  Staffed to get the work done.  Operates home-based so you can easily incorporate it into your environment.  Emigrating seller.  Turnover warranty speaks for loyal clients tied to terms.  You better be quick if you plan to buy this.


BUSINESS SELLING DETAILS

  Selling Price  2,200,000   Turn Over Per Month    131,448
 Debtors Included 125,000   Profit Per Month 50,961
  Assets Included 40,000  R.O.I %  28%
  Total Price  2,200,000  Client Fee Ratio 1.32

BUSINESS MANDATE INFORMATION
No, pending
 History and Overview Of The Business
Fully describe the business's activities  The practice is an accounting practice responsible for completing and submitting of statutory return, drafting of financial statements, payroll and other financial services. Full function bookkeeping, payroll, accounting and HR practice
When was the business established?  Since 2011
How long has the owner had the business? Owner had it since 2015
 How Does The Business Operate
How does the business operate on a daily basis  The staff are responsible for capturing and servicing the clients.  Owner does complicated work and service the big clients
How are the clients attracted to the business? Word of mouth and social media
What Advertising/Marketing is carried out? Facebook, social media, website and SEO to get Google benefit 
Does the business have any contract work? Yes, clients on a 12 month retainer contract
What competition exists? Normal competition
Seasonal Trends? Busy all year, due to retainer agreements
 Financial Information
Vat Registered? No, pending
Vat Documentation on File?  N/A
Management Accounts?  Yes
Audited Financials?  Up to date information
What as Cash/Credit Split?  Clients invoiced monthly, payment in 7 days
Debtors Book Age Analisys Varies between R100,000 and R125,000, 30 days

How can you improve the profitability?  Rendering of additional services. Less personal expenses and owner doing more of the actual work
 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. Warranty structures also is available of the debtors, discuss with the broker.
   Staffing Of the Business
What is the total number of Staff?  2 staff members
Staff Breakdown 1 Clerk - 1 year service
1 Manager - 3 years service
Staff Special Perks and Bonuses?  13th cheque
 Commission On Sales
Are the staff on Contract?  Yes
Does any of the staff have management potential?  Yes, at least 1
How involved is the Owner in running the business? From day to day hands-on
  Premises Of the Business
When Does the Current Lease ends? None, moved to operate from his house
Is there an option to renew? N/A
What is the annual escalation % N/A
What are the Trading Hours? 08:30 to 16:00 5 days per week
What is the square meters?  Home Based
Is a copy of the lease available?  N/A
Do You require a license? SAIPA / SAIBA  Accounting Practice
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale?  Everything is included, excluding owners personal vehicle
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over? None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS  Monthly retainer clients on a 12 month agreement
Practice is easy to run with a manager
Established 6 years
Staff ensures continuity
 WEAKNESSES SME Clients
 OPPORTUNITIES Delivering of additional services
Additional R100,000 per annum in work outsourced for reviews
 THREATS  None identified
 Summary
Why is this a good business Well established , staffed
Why is the owner selling it? Owner is remigrating


Business For Sale, Accounting Firm For Sale, Accounting Practice For Sale, Accounting Clients For Sale
Reference - R170605
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have viewed this page since 16 June 2017