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Pietermaritzburg Accounting Clients For Sale
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Pietermaritzburg Accounting Clients For SaleThis established practice supplies their clients with monthly bookkeeping service, payroll, accounting, tax and advisory services.  This should be enough to grab the phone or email me straight away first.  The client base counts 83 with 23 regular monthly accounting work clients.  Monthly work makes up 69% of the income.  This means strong monthly cash flow.   SAIPA/SAIBA practitioner.  You may already be to late!

BUSINESS SELLING DETAILS

  Selling Price    1,200,000   Turn Over Per Month  71,235 
  Stock Included   Profit Per Month 62,088
  Assets Included  0   R.O.I %  62%
  Total Price   1,200,000    



BUSINESS MANDATE INFORMATION

 

 History and Overview Of The Business
Fully describe the business's activities  This established practice supplies their clients with monthly bookkeeping service, payroll, accounting, tax and advisory services.  The client base count 83 with 23 regular monthly accounting work clients.  Monthly work makes up 69% of the income.  This means strong monthly cash flow.  This is something you would want as a SAIPA/SAIBA practitioner
When was the business established?  2007
How long has the owner had the business?  The current owner started it
 How Does The Business Operate
How does the business operate on a daily basis Staff member does capturing, partners check the work, prepares Monthly Management Accounts and Audited Financial Statements
How are the clients attracted to the business? Word Of Mouth
What Advertising/Marketing is carried out? Word Of Mouth Only
Does the business have any contract work?  No
What competition exists? Normal competition
Seasonal Trends? The business is busy throughout the year because of monthly clients.  It is however busier around Tax Season as is normal
 Financial Information
Vat Registered?  No, below threshold
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials?  No, only management accounts. Annual Financial Statements. 
Debtors Book Age Analisys  Varies between R10,000 to R40,000 per month.  Thus 30 days or less
How can you improve the profitability?  Increase client base, or merge the client base into your existing operation
 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 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?  2 owners and 1 contracted staff member working morning only, paid per hour.
Staff Breakdown 2 owners, 1 contractor
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  Yes
Does any of the staff have management potential? No
How involved is the Owner in running the business?  Owners are hands on
  Premises Of the Business
When Does the Current Lease ends? Working from home so you have to move it
Is there an option to renew?  No, owners moving as well
What is the annual escalation %  None
Do You require a license? SAIPA/SAIBA and SAIT currently
 Assets Of The Business
Full Asset List available?  No, you buying clients
  SWOT Of The Business
 STRENGHTS Well Established for 10 years
Good monthly cash flow with client risk spread
 WEAKNESSES  Owner centric

 OPPORTUNITIES There is more annual work to be done from some of the monthly clients
 THREATS None identified
Client Retention is mitigated with Client Warranty
 Summary
Why is this a good business Good clients, Loyal Clients and a strong Cash flow.  Terms to an approved buyer and to sweeten the pot a client warranty   High demand for clients block ensure that you are buying an asset that is financed and warranted.  You may however miss it if you blink.
Why is the owner selling it? Owners emigrating


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have viewed this page since 23 September 2017