Auditing Firm For Sale In Sandton, IRBA Firm for Sale
|
Auditing Firm For Sale In Sandton
Bookmark and Share

Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For Sale

Well established firm located in Sandton servicing both auditing (IRBA) and accounting clients.  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.  The remaing staff ensures continuity.  Seller will do a proper warranted handover.



BUSINESS SELLING DETAILS

  Selling Price    6,000,000   Turn Over Per Month     5,400,000 
  Stock Included   Profit Per Month 200,000
  Assets Included 0   R.O.I %  40%
  Total Price   6.000,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This firm has longstanding clients for the last 30 years, that are serviced by the seller and his staff.  The staff performs the normal day to day tasks and the owner does the high end consulting work.
When was the business established?  1988
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  Staff do majority of the work with the owner reviewing the work
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 and many clients of the business for a very long time
What competition exists? Normal
Seasonal Trends? Busier Tax Season
 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?  Credit
Debtors Book Age Analisys  Most of clients up to date. 60 to 90 days 
How can you improve the profitability? Expand the client base, Growing it with energetic owner
 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 over a 24 month period to an APPROVED buyer.  A structured deal will thus be considered.
   Staffing Of the Business
What is the total number of Staff?  8 staff members that exclude the owner.
Staff Special Perks and Bonuses?  13th Cheque
Are the staff on Contract?  No
Does any of the staff have management potential?  2 does
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?  Seller owns the premises.
Is there an option to renew?  Yes your choice
What is the annual escalation %  TBD
What are the Trading Hours? Office Hours
What is the square meters?  300m2 currently
Is a copy of the lease available?  TBC
Do You require a license? You will have to register or be registered with a body like, IRBA
 Assets Of The Business
Full Asset List available? This is the purchase of clients, a block of fees and the going concern.  
 Anything not included in the sale?  You buying 40 Clients

 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
 STRENGHTS Well Established for 30 years

Loyal, regular, distributed and diverse clients

Staffed with productive staff, high index on Benchmark Valuation

 Nice location
 WEAKNESSES  None Perceived
 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
Take over the prominent high road location and brand and expand
 THREATS  None Perceived
 Summary
Why is this a good business Client Retention with the seller's exit strategy, the staff members remaining, profitable.  Audit clients in Johannesburg are in high demand, this is a very good opportunity.  Be quick or miss it!
Why is the owner selling it? The owner is putting his exit strategy into operation


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

Find us on Google+
Contact Us
frank@bizxchange.co.za
Do remember to check your spam folder if you do not get a response email and add us to your white list.

 +27-83-309-8655
We are expecting your call

BizXchange on Twitter
Business Buyers
Membership Membership:
Latest New User Latest: Testuser
Past 24 Hours Past 24 Hours: 0
Prev. 24 Hours Prev. 24 Hours: 0
User Count Overall: 4438

People Online People Online:
Visitors Visitors: 38
Members Members: 0
Total Total: 38

Online Now Online Now:
Accounting Firm Buyers
have viewed this page since 29 October 2018