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Urgent Sale Of Accounting Firm In Edenvale
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Business For Sale


Accounting Practice For SaleThe seller is emigrating to the UK and already received a job offer.  We therefore are looking at a transaction with 60% up-front payment of the asking price.  The balance is payable after 12 months subject to a client warranty.  The current staff member will remain and continuity is ensured for the clients and the buyer.  The warranty will ensure that the seller remains committed to a smooth handover.  Looking at the fees generated over the last 12 months the price is on the lower end, but the seller feels very comfortable that the on-going normal monthly billing will deliver 75% of current billings and more than kely the same Turnover.  The reduced price to incentive someone to perform a quick transaction.


If you cannot fit into this timeline this is not meant for you.



  Selling Price     1,100,000   Turn Over Per Month    81,675 
  Stock Included   Profit Per Month 50,594
  Assets Included 0   R.O.I %  55.2%
  Total Price   1,100,000    

 History and Overview Of The Business
Fully describe the business's activities  The clients are serviced on a monthly basis for the normal accounting and compliance requirements by a single practitioner and a staff member.  They offer a range of services.
When was the business established?  2011
How long has the owner had the business?  Seller started it
 How Does The Business Operate
How does the business operate on a daily basis  Owner operated. She operates according to priority planning and does all the weekly, monthly and annual work for the various clients with the help of a staff member.
How are the clients attracted to the business? Word Of Mouth
Active marketing on Google for the geographical area
What Advertising/Marketing is carried out? Active marketing using Google Adwords.
Does the business have any contract work?  No
What competition exists? Normal
Seasonal Trends? There is a bit of more work to complete during tax season.  Jan and February with annual year ends is obviously busier.  August for provisional tax is also busier
 Financial Information
Vat Registered?  No, just below the threshold
Vat Documentation on File?  Yes.
Management Accounts? Yes, current and available
Audited Financials?  Yes, 2018
What as Cash/Credit Split? Terms of 30 days
Debtors Book Age Analisys  Most of clients up to date, 30 – 60 days
How can you improve the profitability?  More clients should be added and the service offering can be expanded.  Fee increases are due BUT if the buyer is VAT registered may have to be used to absorb a switch to VAT on fees
 Is Seller Finance available and if so what is it? .Yes, in line with selling accounting practices the seller will accept a 60% 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. Please note the seller is emigrating and a fast handover will take place.
   Staffing Of the Business
What is the total number of Staff?  One staff member that must be taken over.  This will also assist with continuity and be a condition of a warranty  That staff member is based on the East Rand
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential?  No
How involved is the Owner in running the business?  Overseeing the clients with staff doing the work and reviewing the work done. Owner is hands-on
  Premises Of the Business
When Does the Current Lease ends? Seller operates from her house, you will therefore service clients from your own premises going forward
Is there an option to renew? N/A
What is the annual escalation % N/A
What are the Trading Hours? Office Hours
What is the square meters? N/A
Is a copy of the lease available? N/A
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?  You buying Clients

 What is condition of the assets  N/A
 Any Assets on Lease/HP that Buyer needs to take over? N/A
 Are they insured at the moment? N/A
  SWOT Of The Business
 STRENGHTS Well Established since 2011
Very good online presence
Loyal client base
Consistent Clients
Large client base

Owner emigrating, short handover
Limited Infrastructure and backup

 OPPORTUNITIES Absorb these clients into your own practice for immediate benefit and cost savings
More clients due to strong online presence in area
Retaining the seller in an advisory/consulting capacity
 THREATS  None Perceived
Why is this a good business Client Retention with a remaining staff member, strong monthly income.  Large client base.  You don’t often get a sizeable block of fees in the area for sale
Why is the owner selling it? Emigration and leaving on 20th May 2018

Accounting Clients For Sale, Accounting Practice For Sale, Bookkeeping Clients For Sale, Accounting Block Of Fees For Sale
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have viewed this page since 31 March 2018