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Accounting Practice Retainer Business Clients For Sale
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleBlock of fees available. The 63 business clients are ongoing clients of which 22 are monthly retainer clients and they represent 67% of the income, like clock work.  Cash-flow secured.  Then only 9.5% in the biggest single client, risk is low. If this owner wasn't emigrating you would never have had this opportunity.  You know how fast this will sell, don't delay.


BUSINESS SELLING DETAILS

  Selling Price     1,100,000   Turn Over Per Month   60,868 
  Stock Included   Profit Per Month 50,868
  Assets Included  0   R.O.I %  55%
  Total Price   1,100,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  The practice supply the full range of accounting service, like payroll, tax and bookkeeping for 63 business clients.  They are SAIBA registered.  The 63 clients are serviced by the owner that is emigrating.
When was the business established?  2010
How long has the owner had the business?  The current owner started the business in 2010
 How Does The Business Operate
How does the business operate on a daily basis Owner runs the practice in the East Rand from an office on a busy road
How are the clients attracted to the business? Word of mouth.  They have very little marketing except for a website
What Advertising/Marketing is carried out? Website
Does the business have any contract work?  Yes,  22 clients is retainer mnthly clients and 9 of those are on debit order.  That means you are sure off at least R40,000 per month regular income.
What competition exists? Normal
Seasonal Trends?  Normal, busier in tax season
 Financial Information
Vat Registered?  No.  
Vat Documentation on File?  None, the sale of the clients will not attract VAT regardless of the buyer's VAT status
Management Accounts?  Yes, seller will supply all information to assess client fees written.
Audited Financials?  Seller will supply all information to assess client fees sold.
What as Cash/Credit Split?  67% is on retainer, the rest is billed ad hoc as en when required
Debtors Book Age Analysis  Debtors is R60,000 on average
How can you improve the profitability?  Get 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 after a 6 to 12 month period to an APPROVED buyer. 
   Staffing Of the Business
What is the total number of Staff?  No staff going with, it is a block of fees on offer.  The current owner has given one staff member managing a sizeable block of fees and that work associated with the staff member is no longer needed.  NOTE that the block of fees given to the staff member is not in the calculations provided nor sold and the staff member will sign a restraint of trade to not target any of the clients sold.
Staff Breakdown  N/A
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?  Hands on
  Premises Of the Business
When Does the Current Lease ends? Month to month, it can therefore be taken over, very nice location and cheap, yet good quality for a single practitioner with space for extra staff.  Alternatively it can be given up with 1 month notice
Is there an option to renew?  Yes
What is the annual escalation %  N/A
What are the Trading Hours? Mon - Fri
What is the square meters?  30m2
Is a copy of the lease available? Yes
Do You require a license? SAIBA and SAIT registered
 Assets Of The Business
Full Asset List available?  Clients are the asset for sale.

SOFTWARE SageOne, Pastel backups will be provided
 Anything not included in the sale?  NThe few piece of office equipment.  Can be negotiated to take it over.  If you buy the legal entity to continue with the registered business the seller will settle and remove a vehicle in the business used for personal use.
 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 Retainer Business Clients
Well Established Practice
 WEAKNESSES  Owner Centric
 OPPORTUNITIES Merge with another smaller practice for critical mass
Use this as platform to establish your own practice
 THREATS  The risk embedded in owner centric practices is offset against the Client Warranty and payment terms
 Summary
Why is this a good business Retainer based business client practice representing 67% of the annual income ensures strong cash-flow and reduces risk to the buyer.  
Why is the owner selling it? Owner Emigrating


Business For Sale, Accounting Practice For Sale, Auditing Firm For, Bookkeeping Business For Sale

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What out Clients Say


Dankie vir die diens gelewer. - Johan



Ons het ‘n fantastiese vergadering vandag gehad. Dankie dat jy vandag saam gegaan het om die dinge saam te vat - Aubrey


Baie baie dankie vir alles vir die jare se diens wonderlike bystand hulp en liefde - Ursula & TJ.


What Our Clients Say

It was great meeting you today,
and I was very relieved to find
you understand our business and
 situation. - Liz




I enjoyed speaking to you
as your business knowledge
 is exemplary and 
          enlightening. - Jade 



Thanks for all your help
and assistance and advise
 so far. - Terry




"..thank you for your exceptional service and always ethical and honest advice" - Dan


Thanks for all the assistance. -  Donja



Thanx a million! - Ivette

..and thank you for your patience Frank!" - Lara

Thank you Johan, u did a good job  - Cenzia



Johan.."Ek sal jou enige tyd aanbeveel aan ander mense wat van jou diens kan gebruik maak" Bettie






"Baie dankie vir al jou hulp en bystand sover" - Frans

Baie dankie vir jou hulp en moeite, dit was baie vinnig en maklik. - Nicolene


Buyers
have viewed this page since 5 June 2016