Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale, Accounting Partnership, Accounting Firm Pretoria East For Sale, Accounting Firm For Sale
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Established Accounting Firm In Pretoria East For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis Pretoria East firm has more than 29 regular clients and about 63 in total and staff for continuity and is in the market because the owner is emigrating.  This is the ideal add-on to your firm or that small firm to get into the industry that you have been waiting for.  With the staff in place, a two-month handover from the seller and the terms provide you can also get into the industry. 83% of the annual income is retainer based.

The majority of clients have been with them for over 15 years. They are loyal. Hand over will be discussed with each client and a report will be given to new buyer whereas clients will be notified of the new owner.   The Seller will go with the Purchaser to the bigger clients for them to meet him/her.

 

BUSINESS SELLING DETAILS

  Asking Price     680,000   Turn Over Per Year     582,503 
      Profit* Per Year  394,149


  R.O.I %  58.0%

*Profit = Seller Discretionary Earnings (SDE)

You, therefore, have the opportunity to acquire 100% in this firm

 You get vendor financing for 50% of the initial portion and 24-monthly installment as terms on the balance

 

Please take note that only approved Buyers with NDA’s on file will receive further information and appointments with the Seller.



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities 

They provide a variety of accounting and bookkeeping services including VAT, PAYE, UIF, Income tax, Provisional tax, EMP501 submissions.

When was the business established?  Since 1995
How long has the owner had the business?  Since 2013
 How Does The Business Operate
How does the business operate on a daily basis The majority of clients are on monthly retainers paid every two months when they submit their VAT.  They do PAYE and VAT monthly.

How are the clients attracted to the business? Mainly reputation and word of mouth;
What Advertising/Marketing is carried out? They do some marketing on their website
Does the business have any contract work? Currently no contract work but most of the clients are on monthly retainers. As the clients have been with them for years it is difficult for them to leave.
What competition exists? Normal competition
Seasonal Trends?

Income tax season is more time consuming as they have a variety of clients that they only do Income Tax returns for from July – Oct. Jan is a busy period as income tax is due for provisional tax payers

 Financial Information
Vat Registered?  No
Vat Documentation on File?  N/A
Management Accounts?  Yes
Audited Financials?  2018 - 2019
What as Cash/Credit Split?  

Credit 95%

  Cash 5%
Debtors Book Age Analisys  

R   3,000             (Over 4 Months)

R 16,100              (3 Months)

  R   1,200              (Under 2 Months)
How can you improve the profitability?  Increased billing on separate requests. i.e. Adding of employees on UIF or removals of employees which are not currently charged for
 Is Seller Finance available and if so what is it?

Yes, a structured deal will be considered on the following basis:-

(1) Finding an approved Buyer.

(2) The seller will accept an upfront cash payment of 60% of the purchase price, on the effective date.

(3) The Seller will warrant turnover for 12 months, subject to acceptable terms and conditions being established for the owner’s continued involvement in the business.
(4) 
The balance is payable after 12 months.

   Staffing Of the Business
What is the total number of Staff?  3 staff members
Staff Special Perks and Bonuses?  Details of each staff member to be discussed with the buyer
Are the staff on Contract?  No
Does any of the staff have management potential?  Employment Agreements
How involved is the Owner in running the business? This is an owner-centric firm
  Premises Of the Business
When Does the Current Lease ends? Currently looking for new premises but can extend this lease for another 3 years if the new owner wishes.  So you can relocate the firm
Is there an option to renew?  Yes, lease for another 3 years if the new owner wishes.
What is the annual escalation %  10% but over the last 3 years, the landlord has not applied any escalations.
What are the Trading Hours?  Office Hours
What is the square meters?  26m²
Is a copy of the lease available?  Yes
Do You require a license?  Yes, professional body, SAICA/SAIPA/SAIBA/ACCA as example
 Assets Of The Business
Full Asset List available?  Yes
 Anything not included in the sale? Yes, the seller runs two businesses from one premise so any additional items will stay with seller

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

Loyal, regular, well established, solid clients.

Established for 24 years.

Monthly Cash flow.

  Word Of Mouth clients, so more stable

 WEAKNESSES   Normal single partner aspect 
  The Staff could be trained some more to be more autonomous

 OPPORTUNITIES

Expand the firm

Start Out with these clients

Boost your existing Fee Block


 THREATS   None Perceived

 Summary
Why is this a good business

“Clients have been loyal for years, Most clients pay on time. Business running for over 20 years” – The Seller

Why is the owner selling it?

The seller is emigrating



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

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