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

BUSINESS FOR SALE OVERVIEW


Accounting Practice For SaleThis small firm has clients in The Dolphin Coast (13%), Johannesburg Northern Suburbs (55%) and the East Rand (32%). They perform Accounting, Tax, Payroll and various other financial services related work. The owner is emigrating and as a result, this opportunity has become available.

With 10 clients, the biggest making up 26% of the fees, and retainers in place you have strong monthly Cashflow. Ideal work from home opportunity or a simple add-on for your existing firm as there are no staff to take over.

The sellers will ensure a smooth handover and transition of the clients and provide a 12-month warranty.


BUSINESS SELLING DETAILS

  Asking Price     480,000
  Fees Pa 414,500 
  Expenses Pa 29,442
  Profit For Year*    360,318



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities   This firm provides the full accounting and bookkeeping services to small and medium-sized businesses that mostly comprise of Financial statement compilation, VAT calculations, PAYE & payroll functionality, UIF, Income tax, Provisional tax as well as secretarial services.
When was the business established?  Since 2016
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  The firm is a single practitioner operation. The seller works from home, using Sage One and Pastel Payroll. Reports are emailed to the clients. Clients in Gauteng are seën once a month. Dolphin  Coast-based client is seen every 3 months.
How are the clients attracted to the business?  Word of mouth and referrals.
What Advertising/Marketing is carried out?  No advertising is currently carried out.
Does the business have any contract work?  The monthly retainer is received every month. Other services are charged when it is due to be done.
What competition exists?  Normal competition
Seasonal Trends?  Busier in times where normal accounting and tax deadlines apply.
 Financial Information
Vat Registered?  No
Management Accounts?  It will be provided if needed.
Audited Financials?  All documentation will be available to an approved buyer during due diligence.
What as Cash/Credit Split?  100% credit as clients pay after the work is completed and the invoices were sent out. Most clients pay with 15 – 30 days of receiving their invoices
Debtors Book Age Analysis  Most are current
How can you improve the profitability?  Profitability can be improved by increasing the number of retainer clients as well as completing ad hoc work for individuals or companies.
 Is Seller Finance available and if so what is it?  Yes, a structured deal will be considered on the following basis:-
 (1) Finding an approved Buyer.
 (2) The seller will expect an upfront cash payment, of 50% of the purchase price, on the Effective Date.
 (3) The Seller will warrant turnover for 12 months, subject to acceptable terms and conditions being established for the owner’s continued involvement in the business.
 (4) The balance is payable after 12 months.
   Staffing Of the Business
What is the total number of Staff?
 No Staff
Staff Special Perks and Bonuses?  Owner is the only staff member from the inception of the business.
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?  The owner is hands-on.
  Premises Of the Business
When Does the Current Lease ends?  Home Office
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?  Tax Practitioner registration is required as well as registration with a board such as SAIBA/SAIPA/SAICA etc
 Assets Of The Business
Full Asset List available?  This is the purchase of clients, a block of fees. No Assets
 Anything not included in the sale?  N/A
 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
 STRENGTHS  Established and Profitable clients
 Loyal Clients due to the personal level of service they have received. 
 Great paying clients.
 Monthly cash flow constant due to established retainers.
 WEAKNESSES  Currently, no other staff to assist in busy times as the owner does everything.
 Relatively small client base.
 OPPORTUNITIES  Plenty of growth potential through referrals and word of mouth as the clients are currently very happy with the service provided.
 THREATS  None Perceived
 Summary
Why is this a good business  The firm has established loyal clients.
 This provides an easy, steady monthly income and can be handed over without difficulty.
 The clients are service clients, in one instance 3 clients are based in the same offices
Why is the owner selling it?  Owner is emigrating


Accounting Clients For Sale, Accounting Practice For Sale, Accounting Block Of Fees For Sale, Northern Suburbs Accounting Fees For Sale, East Rand Accounting Fees For Sale

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