Franchised Accounting Practice In Pretoria For Sale, Accounting Practice For Sale, Accounting Franchise For Sale,Work From Home Business For Sale,Accounting Clients For Sale
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Franchised Accounting Practice In Pretoria For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Accounting Practice For SaleFranchised Accounting Practice In Pretoria For Sale with two stable clients.  This entry level practice with the franchised support and a warranty on the clients is ideal for someone planning to enter the market.  Work from home mothers, just retired or accountants starting out this is your chance!



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Fitment Centre For SaleSELLING DETAILS

Selling Price

330,000

Turnover pm

12,000

Stock

0

Profit pm

9,000

Total Asking Price

330,000

Net Assets Included

0






MANDATE REPORT

1. History Background

Fully describe the business's activities

The Franchisor provides the system, support and leads.  The current clients is two well established business clients that provides a steady income.  You have a franchise that does payroll and accounting up to trail balance.  Now to use this stepping stone to grow.  The current owner does not do personal taxes but instead refer those to other franchises.  The purchase price INCLUDES the franchise fee of R140,000.


How long has the business been established?

2014

How long has the owner had the business?

He started it

2. Present Market

How does the business operate on  a daily basis

Owner operated.  He works from home, so this is ideal for someone looking to enter the market with a franchisor backing and a client base to  or a stay at home mom with and accountancy qualification.

How are the clients attracted to the business

Word-Of-Mouth

What Advertising/Marketing is carried out

Franchisor does some, and you should do as well and canvas in your area.  The franchise has a nice area where they can canvas, although business from anywhere can be obtained and serviced, just not canvased

Does the business have any contract work

The two monthly clients pay fixed monthly rates ensuring a stable income.  Th seller is willing to warrant this.

What competition exists

Normal accounting practice competition

What are the seasonal trends

Because of the fixed monthly income, no trend in this instance

3. Financial

Is the business VAT Registered

No

What VAT documentation is on file?

No

Are there up to date management accounts?

The turnover generated monthly can be confirmed by the franchisor to whom royalties are paid

What audited financials are available, income statement and or balance sheets?

None, see above

What is the age analysis of the debtor’s book?

7 days credit basically on Invoices raised monthly

How could the profitability of the business be improved?

Grow the number of clients

Is Seller finance available and for what amount?

The seller will finance R80,000 of the purchase price tied to a turnover warranty.  This is calculated as 50% of the client income for 12 months.  R40,000 payable after 6 months, the balance after 12 months

4. Staffing

What is the total staff complement?

No Staff

Staff Breakdown and length of service

N/A

Do any receive special perks, bonuses or incentives?

N/A

Are they on contract?

N/A

Do any have management potential?

N/A

How involved  is the Owner in running the business

Owner Operated

5. Premises

When does the current lease end?

No lease, work from home currently, plus you buying the client base

Is there an option of renewal & what period

N/A

What is the annual escalation %?

N/A

What are the trading hours?

Normal office hours are kept but in reality you work as it suits you

What is the square meterage of the business?

N/A


Is a copy of the lease available?

Yes

Do you require a licence?

The franchisor will expect you to have a formal accounting qualification and membership of one of the professional accounting bodies like SAIT, SAIPA, SAICA, SAIBA, ACCA etc.

6. Assets

Is a full asset list on file?

N/A, you buying the franchise and client base

Are any items not included in the sale?

N/A

What is their overall condition?

N/A

Do any require repairing?

N/A

How have they been valued?

N/A

Which assets are on lease/HP and with whom?

N/A

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are they presently insured?

N/A

7. S.W.O.T. Analysis

Strengths

Franchise with support and guidance, fixed income, business clients

Weaknesses

Not enough clients yet, will have to grow

Opportunities

More clients can be added if you are willing to spend more time than a few hours per day

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Seller is doing other things that requires his focus.

9. Conclusion

Why is this a good business to buy?

Strong franchise





 

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Reference - R150203
 


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