accounting practice for sale,auditing firm for sale,bookkeeping practice for sale, accounting clients for sale
Long Established Accounting Practice In Cape Town For Sale
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Business For Sale


Accounting Practice For SaleAccounting Practice established for 30 years, 7 years with current owner is for sale.  Owner is returning to his previous job.  This practice performs the normal suite of accounting work for its business clients. Staffed an located in the Southern Suburbs.  We all know accounting practices don't stay on the market long.  So you better be quick about this.



  Selling Price    995,000   Turn Over Per Month   61,877
  Stock Included   Profit Per Month 36,056
  Assets Included  70,000   R.O.I % 43%
  Total Price   995,000    

Long Standing Practice, established clients
Fixed monthly revenues exceeds the fixed monthly expenses
Good Staff
Good cashflows  Some clients suffering from the economic climate
Owner not full time active in the practice growing it
 History and Overview Of The Business
Fully describe the business's activities  Accounting and taxation services are provided for a monthly or annual fee to business clients.  This a a well established practice with a 30 year track record.  The staff under supervision of the owner provides the full accounting function. 
When was the business established?  Since 1986
How long has the owner had the business?  Since 2009
 How Does The Business Operate
How does the business operate on a daily basis The staff performs the tasks under close supervision of the owner.  He spend about two weeks per month in the business in total hours.  He is a seperate activity consulting with his previous employer and has been asked to return full time.
How are the clients attracted to the business? Word of mouth
What Advertising/Marketing is carried out? None
Does the business have any contract work? No, but the business have fixed monthly clients
What competition exists? Normal
Seasonal Trends?  Normal, busier in tax season
 Financial Information
Vat Registered?  Yes
Vat Documentation on File? Yes
Management Accounts?  12 months up to Feb 2016 
Audited Financials?  Feb 2016
What as Cash/Credit Split?  About 10% of the business is cash or advance payment.  The balance is credit
Debtors Book Age Analysis Average is R210,000 per month
How can you improve the profitability? Marketing and advertising. Actively seeking new clients
 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. 
   Staffing Of the Business
What is the total number of Staff?  Currently 3 but generally operates with 2 staff if the owner is full time involved.  A cleaner comes in twice a week.
Staff Breakdown Data Capturer - Bank STatement Processing (1.5 years)
Junior Accoutant - Bank Statement to AFS (1.5 years)
Junior Accoutant - Bank Statement to AFS (3 months)
Staff Special Perks and Bonuses? None
Are the staff on Contract?  Yes
Does any of the staff have management potential?  Yes
How involved is the Owner in running the business?  Hands on
  Premises Of the Business
When Does the Current Lease ends? Expired, month to month
Is there an option to renew? N/A
What is the annual escalation %  10%
What are the Trading Hours? Mon - Thu  :  08:00 to 16:45
Fri : 08:00 to 15:30
What is the square meters? 110m2
Is a copy of the lease available? Yes
Do You require a license? SAICA Member.  SAIT registered.
The work done is SAIPA/SAIBA work.
 Assets Of The Business
Full Asset List available?  Yes, owner will provide.

 Anything not included in the sale?  Yes, the sound system and the owners laptop and printer is excluded
 What is condition of the assets  Good, none needs repairing
Furniture is old but in good condition.
The Computer Equipment is less than 3 years old and in a good condition
 Any Assets on Lease/HP that Buyer needs to take over? Central Printer is rented from Kyocera
PABX is rented from Telkom
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Long Standing Practice, established clients
Fixed monthly revenues exceeds the fixed monthly expenses
Good Staff
Good cashflows 
 WEAKNESSES Some clients suffering from the economic climate
Owner not full time active in the practice growing it
 OPPORTUNITIES Grow the business with new clients
Capacity is not maximised thus growth opportunity 
Fully active owner in the practice will help growth
 THREATS  None perceived apart from potential clients loss secured by split payment and the client warranty
Why is this a good business Long standing Practice with long standing and established clients supported by good staff.
Why is the owner selling it? Owner is offered his old corporate job back where he is consulting currently

Business For Sale, Accounting Practice For Sale, Auditing Firm For, Bookkeeping Business For Sale, Accounting Clients For Sale

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have viewed this page since 27 September 2016