Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale
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Accounting Practice In Sandton For Sale
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Business For Sale

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis is currently a franchised bookkeeping practice that supply accounting and bookkeeping services to its client base concentrated in the northern suburbs of Johannesburg but with some clients further afield as well.


BUSINESS SELLING DETAILS

  Selling Price    1,600,000   Turn Over Per Month     102,797 
  Stock Included   Profit Per Month 44,667
  Assets Included 50,000   R.O.I %  34%
  Total Price   1,600,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  This is currently a franchised bookkeeping practice that supply accounting and bookkeeping services to its client base concentrated in the northern suburbs of Johannesburg but with some clients further afield as well.
When was the business established? Since 2012
How long has the owner had the business? Started by the seller
 How Does The Business Operate
How does the business operate on a daily basis Owner run practice
How are the clients attracted to the business? The fact that they are part of the franchise of the the last 5 years did contribute to more clients.
What Advertising/Marketing is carried out? Franchisor does the marketing
Does the business have any contract work? Ongoing retainer work are perform for 25 clients that adds up to about R77,000 per month. That also represents 77% of the annual income indicated the reduced risk profile of buying this practice.
What competition exists? Normal competition for the industry
Seasonal Trends? Busier in Tax season
 Financial Information
Vat Registered?  Yes
Vat Documentation on File? All documentation is available, but you are buying the Going Concern so must be Vat registered as well
Management Accounts? Yes, up to date Profit & Loss is available as well as detail services sold breakdowns,
Audited Financials? You are buying the going concern not the legal entity but information will provided
What as Cash/Credit Split? 77% is retainer base, monthly in advance, what is not to love about that!
Debtors Book Age Analisys 30 days for the non retainer clients
How can you improve the profitability? More 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 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? 3 plus owner
2 staff is permanent, 1 is on a 2 month contract
Staff Special Perks and Bonuses? No
Are the staff on Contract?  
Does any of the staff have management potential?  No
How involved is the Owner in running the business? Hands on
  Premises Of the Business
When Does the Current Lease ends? When you want, don't have to stay
Is there an option to renew? Yes, to be discussed
What is the annual escalation % To be discussed
What are the Trading Hours? Office Hours
What is the square meters? ±80m²
Is a copy of the lease available? Yes, but seller owns property and you can chose to keep on leasing or move the staff and practice
Do You require a license? Yes, professional body, example SAIBA/SAIPA/SAICA
 Assets Of The Business
What are the main assets of the business? The clients and some Office equipment
 Anything not included in the sale? Only personal items
 What is condition of the assets Good
 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 Established for 5 years
Staffed
Retainer clients
Solid monthly income
 WEAKNESSES  None Perceived
 OPPORTUNITIES You can expand and leverage of the franchise opportunity
You don't have to continue with the franchise and save royalties as the agreement has lapsed
 THREATS  None Perceived
 Summary
Why is this a good business Well established franchise in the Sandton area with a strong retainer business client base
Why is the owner selling it? Seller has received a very nice corporate job offer and will be returning to corporate


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

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have viewed this page since 20 October 2017