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Accounting Practice With Staff In North West For Sale
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleGet out of the city and move to the Potch/Klerksdorp area with that platteland vibe but decent income.Properly staffed and well established for many years. Owner is retiring so selling for the right reason.Can you bring energy to this practice?


BUSINESS SELLING DETAILS

  Selling Price    3,950,000   Turn Over Per Month    237090
 Debtors Included 562,000   Profit Per Month 127,395
  Assets Included 91,350  R.O.I %  39%
  Total Price  3,950,000  Client Fee Ratio 1.20 



BUSINESS MANDATE INFORMATION
 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.
When was the business established?  Since 1996 as sole proprietor and as CC since 1999
How long has the owner had the business? Started it
 How Does The Business Operate
How does the business operate on a daily basis  Owner managed - provide mostly contracted services to clients
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? Yes, mostly standard monthly VAT and payroll services to clients
What competition exists? Number of accounting firms in the area
Seasonal Trends? Every six months with submitting of statutory returns the practice is busier
 Financial Information
Vat Registered? Yes
Vat Documentation on File?  As per VAT legislation
Management Accounts?  Yes
Audited Financials?  February 2017
What as Cash/Credit Split?  20% cash, 80% credit
Debtors Book Age Analisys 30 Days

How can you improve the profitability?  Rendering of additional services
 Is Seller Finance available and if so what is it?  Yes, 50% on signing of contract and 50% repayable over 6 months
   Staffing Of the Business
What is the total number of Staff?  7 staff members
Staff Breakdown  3 Seniors, 2 SAIPA trainees, 2 input clerks
Processing of accounting and payroll information and submitting of statutory returns, drafting of financial statements. Between 2 and 15 years.
Staff Special Perks and Bonuses?  13th cheque if profits allow (since establishment always profitable)
Are the staff on Contract?  Yes, and 2 SAIPA trainees
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? Seller owns the premises. The buyer will enter into a lease for the premises with first right of refusal to buy it from the seller.  Initial period 3 years with option to extend will be available
Is there an option to renew?  As required
What is the annual escalation % 8%
What are the Trading Hours? 07h30 to 16h00
What is the square meters?  +-180
Is a copy of the lease available?  Yes, on file
Do You require a license? SAIPA Accounting Practice
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 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?  Photostat machine is on lease from Xerox, buyer will take over
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS  Large base of monthly clients requiring accounting services
Practice is well positioned
Established over a long period of time
Staff ensures continuity
 WEAKNESSES Business is stagnant because of owner ageing
 OPPORTUNITIES Delivering of additional services
Extending services to historical disadvantaged communities
Extensive marketing opportunities
 THREATS  None identified
 Summary
Why is this a good business Well established , well run, tremendous growth opportunities, very well positioned with well trained staff
Why is the owner selling it? Owner is retiring


Business For Sale, Accounting Firm For Sale, Accounting Practice For Sale, Accounting Clients For Sale
Reference - R170602
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have viewed this page since 13 June 2017