Accounting Practice For Sale, Accounting Clients For Sale
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Accounting Practice With 100 Business Clients
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Business For Sale

BUSINESS FOR SALE OVERVIEW

Furniture Business For Sale
Accounting Clients For SaleEstablished Accounting Practice With 100 monthly Business Clients For Sale in Pretoria.  Add to that some more annual clients and individuals and you have 350 clients.  Now considerd that this is run by one person working from home.  Your chance to get into the game or opportuity to grow that practice of yours.  Be quick!  Dont miss this one as well..








Fitment Centre For SaleSELLING DETAILS


Selling Price

1,350,000

Turnover pm

90,500

Stock

0

Profit pm

85,500

Total Asking Price

1,350,000

Net Assets Incl.

10,000





Pretoria Business For Sale



MANDATE REPORT

1. History Background

Fully describe the business's activities

This accounting prctice offers various services from monthly bookkeeping, tax return and payroll to provision taxes etc.  Risk is spread over various different clients in various industries. The practice has a large contingent of black doctors using the practice by word of mouth.So 26 Debit Order ensures a strong monthly cashflow of R30,000 per month with a further 25 clients also speding some R20,000 on average per month.  Stable income, geared to grow in the new South Africa.  Are you ready?

How long has the business been established?

Since 2006

How long has the owner had the business?

Joined in 2006 but the only partner since 2009.

What steps are in place to solve "load shedding" problems

None

2. Present Market

How does the business operate on a daily basis

Owner operated with his wife assisting in some of the capturing work

How are the clients attracted to the business

Word Of Mouth and repeat clients.  They don’t advertise

What Advertising/Marketing is carried out

They have a website but have not updated it for a very long time

Does the business have any contract work

No but they have various clients on retainer and 26 odd debit order ensure decent cashflow

What competition exists

Normal accounting competition

What are the seasonal trends

Obviously busier in tax season and the normal accounting practice seasons

3. Financial

Is the business VAT registered?

They have two trading entities, one is tax registered to ensure tax registered entities dealing with them get the benefit.  The VAT registered Entity traded R640,000 (ex VAT) for the year and the none VAT entity traded R446,000 for the year

What VAT documentation is on file?

All documentation

Are there up to date Management Accounts available?

Yes to a buyer during Due Diligence

Balance Sheet and Income Statements?

Yes to a buyer during Due Diligence

What Percentage of the business is cash/credit?

Not a cash business, although some debit orders, some people paying monthly in advance etc.

Age Analysis?

30 days

How can it be more profitable

Doing more audits, increase some of the fees.  Due to some historical undercharging some fee creep above inflation needs to take place over a 2 to 3 year period

Seller Finance available?

Yes, in line with accounting practice sales practice the seller will consider a 50% down payment to the right APPROVED buyer and a turnover warranty.

4. Staffing

What is the total staff complement?

None

Staff Breakdown and length of service

N/A

Do any receive special perks, bonuses or incentives?

N/A

Are they on contract?

N/A

Do any have management potential?

N/A

How involved  is the Owner in running the business

The owner is hands on.

5. Premises

When does the current lease end?

None, home operated

Is there an option of renewal & what period

N/A

What is the annual escalation %?

N/A

What are the trading hours?

Work from home you trade as you wish, but available to clients 5 days per week during office hours

What is the square meterage of the business?

1800m2 and 700m2 Yard

Is a copy of the lease available?

N/A

Do you require a licence?

SAIT is a minimum membership and the seller does use a family member to sign off some reviews for him at no charge.

6. Assets

Is a full asset list on file?

No, few items to run the business, you buying the clients

Are any items not included in the sale?

No

What is their overall condition?

Good.

Do any require repairing?

N/A

How have they been valued?

N/A

Which assets are on lease/HP and with whom?

N/A

What are their settlement amounts?

N/A

Will Seller settle or Buyer to take over?

N/A

Are copies of agreements available?

N/A

Are they presently insured?

Yes

7. S.W.O.T. Analysis

Strengths

Large diversified client base

Good strong business client component. 

A strong demographic spread in the clients

Word Of Mouth Established Client Base

Weaknesses

One man show

Some current under-charging

Opportunities

Increase the services

Expand the client base and spread the workload to juniors

Threats

None Perceived

8. Reason For Selling

What is the reason for the sale?

Seller is tired and wants to do something else and is considering moving to the Cape

9. Conclusion

Why is this a good business to buy?

Strong established client base.  Its an accounting practice, need I say more?





 

ACCOUNTING PRACTICE FOR SALE

Reference - R150307
 


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