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Accounting Practice In Southern Suburbs Of Cape Town
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Accounting Practice In Southern Suburbs Of Cape Town for sale.  Business clients ensures a monthly income. These type of practices dont come on the market often so dont delay. Owner is retiring.  


BUSINESS SELLING DETAILS

  Selling Price     1,400,000   Turn Over Per Month    83,786 
  Stock Included   Profit Per Month 62,377
  Assets Included 15,000   R.O.I %  53.47%
  Total Price   1,400,0000    



BUSINESS MANDATE INFORMATION
Regular & Loyal Clients Base
Monthly clients
Low risk with owner offering a warranty on clients
 History and Overview Of The Business
Fully describe the business's activities  This is an accounting practice preparing financials, returns and other accounting and tax tasks for it's clients.  The seller is retiring and you have an opportunity to get involved in a business with a 21 year track record.  There are over 140 clients for sale
When was the business established? 30 years, 9 years a sole prop and 21 years a Closed Corporation.
How long has the owner had the business? Started it 30 years ago
 How Does The Business Operate
How does the business operate on a daily basis  Owner operated, providing services to clients
How are the clients attracted to the business? Word of mouth
What Advertising/Marketing is carried out? None
Does the business have any contract work? No, just long standing clients
What competition exists? Normal Competion
Seasonal Trends? Second half of the year is traditionally busier with provisional tax and financial statements.
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts? Yes, there is also historical information
Audited Financials?  May 2016
What as Cash/Credit Split? Credit, paid 30 days
Debtors Book Age Analisys  30 days
How can you improve the profitability?  Provide additional services
 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 after a 6 to 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?  One
Staff Breakdown  Liason with clients, completion of Tax Returns & e-Filing.  Bookkeeping for 12 years
Staff Special Perks and Bonuses? Monthly bonus based on fees invoiced
Are the staff on contract? Yes
Does any of the staff have management potential?  Yes
How involved is the Owner in running the business?  On daily basis in oversight, Tax Planning & Consulting
  Premises Of the Business
When Does the Current Lease ends?  Work from home, you will have to move the practice/clients
Is there an option to renew?  See above
What is the annual escalation %  See Above, you are moving out
What are the Trading Hours? Office hours
What is the square meters?  +/- 32m2
Is a copy of the lease available?  No
Do You require a license? Yes, you need to registered with one of the professional bodies
 Assets Of The Business
Full Asset List available?  Yes, owner will provide
 Anything not included in the sale?  No, everything is included
 What is condition of the assets  Good, none needs repairing
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Regular & Loyal Clients Base
Monthly clients
Low risk with owner offering a warranty on clients
 WEAKNESSES Lack of services offered apart from Accounting & Income Tax
 OPPORTUNITIES Provision of Additional Services
Grow the client base
 THREATS  None perceived
 Summary
Why is this a good business Regular client base & fees, ideal to incorporate into an existing practice due to only clients and a single staff member setup.  Can also be a new start up practice for someone entering the industry.
Why is the owner selling it? Owner is retiring


Business For Sale, Accounting Practice For Sale, For Sale, Accounting Clients For Sale


Started it 30 years ago.
Started it 30 years ago.
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have viewed this page since 9 February 2017