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Zimbabwean Accounting Firm For Sale
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Business For Sale

Zimbabwean Accounting Firm For Sale

This is a well established and growing firm successfully, using cloud-based accounting tools.  They have 250 clients, made up of 10% in South Africa and the rest in Zimbabwe, serviced by 15 staff members in Harare.

You are earning USD in Zimbabwe and ZAR in South Africa, while 26% of the fees are on retainer.  With a very small debtors book, the steady income is great.  No get some more work in South Africa to offshore through a skilled team and increase your Zimbabwe fees with the same growth and you have a great opportunity.

If you are a  South African firm with Southern African clients this is your chance to get your foot in Zimbabwe and be a regional player.

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



Fees Pa Warranted


Expenses Pa


Profit For Year*


Business Overview

1. History Background

Fully describe the business's activities

Providing bookkeeping and accounting - as well as tax management services to SME’s mainly in Zimbabwe, but with clients in South Africa as well. We also include Payroll and Secretarial services. The bulk of our business services retainer/and or return clients. Other services include consulting (sale of shares, business valuations, process re-engineering, training)

Roughly 10% of the clients are based in South Africa and the others in Zimbabwe. The fee income distribution is nearly the same with the Zimbabwean fees in Dollars and those in South Africa in Rands.

How long has the business been established?

Since 2014

How long has the owner had the business?

Seller started it

2. Present Market

How does the business operate daily?

The company has six senior staff members (split into different divisions) who each manages their own portfolio of clients.Each senior have a small team of junior clerks in his/her team. The owner meets and interviews prospective clients and plans and assigns the work to a designated team.

How are the clients attracted to the business

Word of mouth

What Advertising/Marketing is carried out


Does the business have any contract work

Yes. Please note that 26% of the clients are on retainer.

What competition exists

Normal competition.

The growth experienced in the last seven years, however, shows that huge opportunities with enough business are available to a dynamic firm.

What are the seasonal trends

January – Tax clearances and Employee payroll reconciliations

Feb-Apr Preparation of Financial statements for Zim and filing of Tax returns.

Mar Advanced tax returns for Zim

June-July Preparation and filling of RSA Annual Financial statements and filling corporate tax returns as well as South African payroll reconciliations.

August Advanced tax returns for RSA

Sep Advanced tax returns for Zim

Dec Advanced tax returns for Zim

3. Financial

Is the business VAT Registered


Are there up to date management accounts?

Yes Available

It will be provided if needed

What annual financials are available, income statement and or balance sheets?

Yes, available.

Income Statement indicating client income (by category) and the related costs to produce that income as you are buying that client base, not the legal entity.

What percentage of the business is cash/credit?

Cash and credit

What is the age analysis of the debtor’s book?

Outstanding Debtors R214,768 which can be seen is very low.

How could the profitability of the business be improved?

Advertising and Growing in other locations/branches throughout Zimbabwe and South Africa. The opportunity to offshore work sourced in South Africa through a team in Zimbabwe unlocks various dynamic opportunities.

Also, they never focused on audit, but there are a number of their clients who would benefit from an annual audit.

Is Seller finance available and for what amount?

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 in monthly payments over 24 months.

(5) The terms and conditions regarding the warranty and ongoing involvement will be clearly defined, as well as how the price will be adjusted, either upwards or downwards at the end of the warranty period.

(6) The seller will continue to bring new clients to the business and will be rewarded accordingly.

4. Staffing

What is the total staff complement?

15 Staff members

Staff Breakdown

Five staff members – longer than three years.

3 Clerks have been with the firm for more than a year and the others are new

Do any receive special perks, bonuses or incentives?

Medical Aid and Transport

Are they on contract?

Normal employment contracts.

Do any have management potential?

Yes, will be discussed with the potential buyer.

How involved is the Owner of running the business

The owner delegates. He is involved with daily management.The owner tends to do some of the higher-level consulting work, but delegates most tasks. and is involved with client onboarding. The owner is always approachable when needed & liaises with the clients & staff regularly.

5. Premises

When does the current lease end?

31 December 2022

Is there an option for renewal & what period


What is the annual escalation %?


What are the trading hours?

8 am to 5 pm

What is the square meterage of the business?


Is a copy of the lease available?


Do you require a licence?

Yes – Practicing certificate from accounting regulator (Could be ACCA/SAICA)

6. Assets

Is a full asset list on file?


Available on request

Are any items not included in the sale?

Owner’s vehicles

What is their overall condition?


Do any require repairing?


How have they been valued?


Which assets are on lease/HP and with whom?


What are their settlement amounts?


Will Seller settle or Buyer take over?


Are copies of agreements available?


Are they presently insured?


7. S.W.O.T. Analysis


Good reputation due to good customer care.

Good mixture of clients in different industries.

None of the clients resigning will put the company at risk.

Renowned clients.

Above average growth.

Well trained staff and staff are trusted by clients.

Good location.

Good mixture of services that cross-sell easily.

Good IT infrastructure


One location servicing all clients using Cloud Technology


Marketing and sales will undoubtedly increase growth.

Focused new products such as estate planning and executor services can be added.

Other bespoke opportunities, which there are a few, can be discussed with the owner.

Offshoring work from South Africa to be done in Zimbabwe.


The macro economical situation in Zimbabwe although this has not affected the company other than on the regulatory front.

8. Reason For Sale

What is the reason for the sale?

Personal Reasons

9. Conclusion

Why is this a good business to buy?

Staff have good relationships with their own clients.

Steady above-average growth regardless of no adverting/marketing.


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

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