Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale, Audit Firm For Sale, Bookkeeping Practice For Sale,Cape Town Accounting Firm For Sale
|
Two Branch Accounting Firm For Sale In Cape Town
Bookmark and Share

Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis firm is well established and staffed.  Located in Cape Town is has clients spread out between two branches.  The branches are equally sized with average fees of R173,000 for the one and R140,000 for the other.  No IRBA work.  The ideal buyer will already be in practice to ensure a smooth handover and transition of the clients. Dont delay.


BUSINESS SELLING DETAILS

  Selling Price     4,250,000   Turn Over Per Month     310,000 
  Stock Included   Profit Per Month 132,000
  Assets Included 0   R.O.I % 37.3%
  Total Price   4,250,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This accounting firm has two branches, one a recent acquisition but established for more than 10 years.  The other was established two years ago. Accounting, Payroll, Secretarial, SARS, Independant Reviews, Annual Financials Statements, Various consulting/advisory
When was the business established?  10 years (acquired 10 months ago) & 2 years
How long has the owner had the business? Seller started it and bought one 10 months ago
 How Does The Business Operate
How does the business operate on a daily basis  The staff does the work and the partners work in and out of the office and reviews it
How are the clients attracted to the business?  Word of mouth, service quality their main selling point, competitive pricing second
What Advertising/Marketing is carried out? Digital, ie Website, Google Adwords, Facebook and LinkedIn
Does the business have any contract work?  Regular monthly clients, also a few retainers
What competition exists? Normal competition for the industry
Seasonal Trends? There is a bit of more work to complete during tax season.  December & January quitter due to the holidays. Feb year ends are obviously busier.  August is also busier
 Financial Information
Vat Registered?  Yes
Vat Documentation on File?   Yes, current and available.
Management Accounts?  Yes
Audited Financials?  Yes, 2017. Global and per branch in terms of profit and loss
What as Cash/Credit Split?  Terms of 30 days
Debtors Book Age Analisys  9% current, 32% 30 days, 12% 60 days, 14% 90 days, 33% 120 days
How can you improve the profitability? Growing it. Offices could easily be absorbed in buyers office depending on location thus saving on rental and overheads, productivity of staff can be managed better 
 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 handover and turnover warranty the balance over a 24 month period to an APPROVED buyer.  A structured deal will thus be considered. Please note the seller will not extend this option unless certain guarantees are in place.
   Staffing Of the Business
What is the total number of Staff? 7 staff to remain. 1 manager - 8 month, 1 payroll - 8 months, 5 bookeepers - 1 to 2 years
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  Fulltime emplyed
Does any of the staff have management potential?  In place
How involved is the Owner in running the business?  The partners are actively involved
  Premises Of the Business
When Does the Current Lease ends? Branch One - September 2018,
Branch Two - November 2019
Is there an option to renew? Yes, in both cases

What is the annual escalation %  8%
What are the Trading Hours?

0:30 - 16:30 Monday to Thursday,
08:00 - 14:30 of Fridays

What is the square meters?  Branch One – 105m2,
Branch Two - 95m2
Is a copy of the lease available?  Yes, on file
Do You require a license? You will have to register or be registered with a body like, SAIBA/SAIPA/SACIA
 Assets Of The Business
Full Asset List available? This is the purchase of clients, a block of fees.  If you would like to add assets that can be discussed in addition to the clients
 Anything not included in the sale? Fixed Assets

 What is condition of the assets  Great
 Any Assets on Lease/HP that Buyer needs to take over? A large printer
 Are they insured at the moment? Yes
  SWOT Of The Business
 STRENGHTS

Loyal, regular, distributed and diverse clients

Established Western Cape clients

Profitable and productive staff

Low Risk Concentration
 WEAKNESSES  None Perceived
 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
 THREATS  None Perceived
 Summary
Why is this a good business Client Retention with the seller's exit strategy, the staff members remaining, profitable.  Accounting clients in Cape Town are in high demand; this is a very good opportunity.
Why is the owner selling it? The partners are exiting the industry


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

Find us on Google+
Contact Us
frank@bizxchange.co.za
Do remember to check your spam folder if you do not get a response email and add us to your white list.

 +27-83-309-8655
We are expecting your call

BizXchange on Twitter
Business Buyers
Membership Membership:
Latest New User Latest: rosemary samuel
Past 24 Hours Past 24 Hours: 0
Prev. 24 Hours Prev. 24 Hours: 0
User Count Overall: 4437

People Online People Online:
Visitors Visitors: 16
Members Members: 0
Total Total: 16

Online Now Online Now: