Accounting Practice For Sale,IRBA Practice For Sale,SAICA ATC For Sale,Accounting Clients For Sale,Accounting Firm For Sale,Accounting Business For Sale,Auditing Firm For Sale
IRBA Auditing Firm For Sale
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Business For Sale


IRBA Firm For SaleThis well established IRBA auditing firm would normally not be available.  Motivated seller is emigrating so you get this opportunity. Sizeable client base, well established and staffed. Standard terms and client warranty available. you know the drill.  Do not blink or think or this one will be missed.


  Selling Price    4,900,000   Turn Over Per Month    383,333
 Debtors Included 300,000    Profit Per Month 220,333
  Assets Included 100,000   R.O.I %  54%
  Total Price  4,900,000    

Obviously more busy in tax season
 History and Overview Of The Business
Fully describe the business's activities  This IRBA registered auditing firm is also a SAICA ATC.  They supply a range of service including deceased estates, HOA work and traditional monthly clients. In addition they also offer Audit and Assurance, Accounting, Taxation. Tax Advice, Secretarial, Business and Management Consulting, Computer Services, Corporate Services and Payroll Admin. A compotent staff compliment ensure high level of service to 35 monthly clients.  The client base is made up of about 450 clients
When was the business established?  The practice was started in 2005, but the current form and offices since 2009
How long has the owner had the business?  The current owner founded the practice
 How Does The Business Operate
How does the business operate on a daily basis  Owner and his wife is hands on.  The seller and the staff sees clients.  Two staff members focuses on deceased estates and then they also have a lady specialising on HOA/Body Corporate work.  
How are the clients attracted to the business?  Word Of Mouth
What Advertising/Marketing is carried out? Website is the only form of advertising but they rely on word-of-mouth
Does the business have any contract work? No, 1 client is paying fixed monthly fees, the rest is invoiced adhoc.  35 of the clients is however regular monthly type clients
What competition exists? Normal competition from other firms
Seasonal Trends?
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?  Yes, seller will provide
Management Accounts?  Yes
Audited Financials? Seller will provide
What as Cash/Credit Split?  All credit
Debtors Book Age Analisys  30 days
How can you improve the profitability? Expand the clients 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 hand over and turnover warranty the balance after a 6 to 12 month period to an APPROVED buyer.  A structured deal will thus be considered.
   Staffing Of the Business
What is the total number of Staff? 10 staff plus seller and his wife
Staff Breakdown  4 clerks, 2 Deceased Estate Specialist, 1 Filing, 1 HOA/Body Corporate Specialist,1 Debtors Clerk/Secretarial Work, 1 Receptionist
Staff Special Perks and Bonuses? 13th cheque tied to the business's performance
Are the staff on Contract? Yes
Does any of the staff have management potential?  1 staff member is more senior but the practice requires owner supervision.  3 more senior staff members has left recently but the seller has not replaced then in light of the sale and the new owner that might want to introduce their own people
How involved is the Owner in running the business?  Hands on auditor
  Premises Of the Business
When Does the Current Lease ends?  Jan 2019

Is there an option to renew?  Yes
What is the annual escalation % None
What are the Trading Hours? Mon - Fri, office hours
What is the square meters?  210m2
Is a copy of the lease available?  Yes, on file
Do You require a license? SAICA/IRBA practice
 Assets Of The Business
Full Asset List available? Normal office equipment to run the practice.  Held by a trust but will be transfered at no cost to the practice
 Anything not included in the sale?  There is a vehicle used by the business belonging to the seller in his personal capacity and you can buy that extra if you want or he will sell it out of hand to a third party
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over?  The PABX is still under lease and the buyer must take it over
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Well Established practice
Staffed for continuity with clients
Decent monthly cash flow
Low risk spread amongst various client
 WEAKNESSES Somewhat owner centric
Deceased Estate Work not core may be seen as a weakness to a new owner although it does spread risk
20% of the Turnover does come from 3 different management agents for the HOA work
 OPPORTUNITIES You can expand the HOA work with the expertise you have
You can expand the Deceases Estate work with the expertise you have
You can leverage of the Axisting staff compliment and client base
 THREATS None perceived and the Client warranty reduces your buying risk 
Why is this a good business Well established auditing firm that is properly staffed with a good client base.
Why is the owner selling it? Owner is emigrating

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have viewed this page since 20 April 2017