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Audit Practice In Centurion For Sale
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Business For Sale


Audit Firm For SaleThis firm is well established and staffed.  Located in Centurion it has the clients spread out between Centurion, the greater Johannesburg and an odd one or two further afield.  The fees are made up of 15% audit, 59% reviews, 19 % tax and 7% accounting.  The ideal buyer will already be in practice and strong in these fields as an RA to ensure a smooth handover and transition of the clients.


  Selling Price     4,000,000   Turn Over Per Month     267,000 
 Debtors Included   Profit Per Month 150,000
  Assets Included 0   R.O.I %  45%
  Total Price   4,000,000    

 History and Overview Of The Business
Fully describe the business's activities  This audit firm has longstanding clients that are serviced by the seller and his staff.  He is able to travel regularly locally as a result.  The staff continues with normal day to day tasks and the owner does the high end consulting work.
When was the business established?  1999
How long has the owner had the business?  Seller started it
 How Does The Business Operate
How does the business operate on a daily basis  The owner oversees the operation.  He has a senior staff member standing in when he is away.  The staff does the work and the owner reviews it
How are the clients attracted to the business?  Word Of Mouth
What Advertising/Marketing is carried out? Word Of Mouth
Does the business have any contract work?  Regular monthly clients
What competition exists? Normal competition for the industry
Seasonal Trends? There is a bit of more work to complete during tax season.  Jan and February with annual year ends are obviously busier.  August for the provisional tax is also busier
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?  Yes, current and available.
Management Accounts?  Yes
Audited Financials? Yes, 2017
What as Cash/Credit Split?  Terms of 30 days
Debtors Book Age Analisys  Current 30%, 30 Days 25%, 60 days 19% and 90 Days 26%
How can you improve the profitability? Expand the client base
 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 handover and turnover warranty the balance over a 24 month period to an APPROVED buyer.  A structured deal will thus be considered. Please note the seller will not extend this option unless certain guarantees are in place.
   Staffing Of the Business
What is the total number of Staff? 4 staff members that exclude the owner.
Staff Special Perks and Bonuses?  The senior has an incentive to invoice and collect in the same month, details will be disclosed by the Seller
Are the staff on Contract?  Yes
Does any of the staff have management potential?  One act as the senior
How involved is the Owner in running the business?  Overseeing the clients with staff doing the work and reviewing the work done.
  Premises Of the Business
When Does the Current Lease ends?

Operated from the sellers house.  You will have to relocate.  IMPORTANT is that the best for the clients, that visit the seller from time to time for consultation, will be to be in the area from Centurion to the Northern Suburbs of Johannesburg.

Is there an option to renew?  You may operate from the Sellers premises for a while; this will ensure that you get to have minimum disruption for staff and clients during the handover.
What is the annual escalation %  N/A
What are the Trading Hours? Office Hours
What is the square meters?  80m2 currently
Is a copy of the lease available?  Yes, on file
Do You require a license? You will have to be registered with IRBA
 Assets Of The Business
Full Asset List available? Yes, will be provided.  You are buying the Clients & Going Concern.
 Anything not included in the sale?  You are buying the Clients & Going Concern.

 What is condition of the assets  Good
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business

Loyal, regular, distributed and diverse clients

Staffed with senior productive staff

Established Pretoria/Johannesburg clients

Profitable and productive staff
 WEAKNESSES  None Perceived
 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
Expand the base
 THREATS  None Perceived
Why is this a good business Client Retention with the seller's exit strategy, the staff members remaining, profitable.  Audit clients in Pretoria and Johannesburg are in high demand, this is a very good opportunity.
Why is the owner selling it? The owner is putting his exit strategy into operation and will relocate full time to his property at the coast over time

Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale, IRBA Firm For Sale

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have viewed this page since 29 October 2018