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Accounting Practice In Pietermaritzburg For Sale
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Debt Collection Business For SaleAccounting Practice In Pietermaritzburg established for 3 years with stable monthly work and income is now available. Doing bookkeeping, payroll, annual financials, Tax and Secreterial work.  Proper handover will be given by the two partners to a new owner. Dont delay this will go fast. 









 

 

BUSINESS SELLING DETAILS

  Selling Price    850,000   Turn Over Per Month     67,964 
  WIP Included   Profit Per Month 57,964
  Assets Included
 Debtors EXCLUDED 0
  Total Price 850,000  ROI % 82% 



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Accounting Practice In Pietermaritzburg established for 3 years with stable monthly work and income is now available. Doing bookkeeping, payroll, annual financials, Tax and Secreterial work.  Proper handover will be given by the two partners to a new owner. Dont delay this will go fast. 
When was the business established? 2012
How long has the owner had the business? Since 2012 in this partnership but most of the clients has been with the seller for more than 15 years
 How Does The Business Operate
How does the business operate on a daily basis Two partners (that are selling) is operating the practice without staff 5 days per week.
How are the clients attracted to the business? Most word-of-mouth through the excellent service they deliver
What Advertising/Marketing is carried out? None
Does the business have any contract work?  Monthly clients ensure strong cash flow as can be seen from the management accounts
What competition exists? They service a niche market of small to medium businesses. What set them apart is the personal care they take in each client.  Normal competition does exist.
Seasonal Trends? Shut down in December for a 3 week period is the only quiet period, the rest of the year is full steam ahead as the cash flow shows
 Financial Information
Vat Registered?  No
Vat Documentation on File?  N/A
Management Accounts? Yes, but you buying the client base and that can be verified.
Audited Financials?  N/A
What as Cash/Credit Split?  No cash, all credit
Debtors Book Age Analisys    120 days - 22%
  90 days - 6%
  60 days - 8%
  30 days - 19%
How can you improve the profitability?  Merge the practice into another existing practice and gain economies of scale with savings.  Hire more qualified staff and expand
 Is Seller Finance available and if so what is it? In line with Accounting practice sale R450,000 down payment with installments spread over 6 months
   Staffing Of the Business
What is the total number of Staff?  2 Partners and no other staff
Staff Breakdown None
Staff Special Perks and Bonuses? N/A
Are the staff on Contract? N/A
Does any of the staff have management potential?  N/A
How involved is the Owner in running the business?  Completely hands on
  Premises Of the Business
When Does the Current Lease ends? Home Based so you will have to move it.
Is there an option to renew? N/A
What is the annual escalation %

N/A

What are the Trading Hours? Office Hours Monday to Friday, Five Days per Week, 8:00 to 16:30
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 be registered with the relevant accounting bodies like SAIT etc.

 Assets Of The Business
Full Asset List available?  Only 2 filing cabinets and backups of the client information is sold with the clients
 Anything not included in the sale?  N/A
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over?  N/A
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Very stable with and well established practice
Well established name
Long Term Client Base
 WEAKNESSES Owner Centric Approach
 OPPORTUNITIES Can grow the client base and revenues with marketing

 THREATS New owner will need to spend time with seller to meet clients and avoid any leaving

 Summary
Why is this a good business Practice Established for 3 years, some clients 15 years and more with one partner from previous partnership
Highly profitable very well run.
Established Client Base
Stable Monthly Income 
Why is the owner selling it? Owners are relocating


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