Sectors / Category

Annual turnover

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  • Mandate: 32068
  • Added: 18 May 2018
  • AFS
  • 682

Accounting Practice on Natal Coast

KwaZulu-Natal,
682
Mandate 32068
Added 18 May 2018
R 2,800,000* ZAR
Stock: R 0
Assets: R 0
R 80,704 ZAR
Louis Bruwer
Aldes Orion
Gauteng, LynnwodRidge Pretoria
Gauteng, LynnwodRidge Pretoria
Summary

This practice is well established with stable monthly billings and very loyal clients. The staff members will remain and continuity is ensured for the clients and the buyer. This is an opportunity for you to move to the coast and enjoy lifestyle while owning a practice.

Accounting Practice on Natal Coast
SELLING PRICE AFS
R 2,800,000* ZAR
Stock: R0
Assets: R0
R 80,704 ZAR
Summary

This practice is well established with stable monthly billings and very loyal clients. The staff members will remain and continuity is ensured for the clients and the buyer. This is an opportunity for you to move to the coast and enjoy lifestyle while owning a practice.

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Fully describe the business's activities?
This practice is made up of normal Accounting & Tax Services. The owner is hands on with the marketing and consulting but the staff members do the bulk of the work. The practice has a solid monthly client base,

How long has the business been established?
2004

How long has the owner had the business?
Seller started it

How does the business operate on a daily basis?
Owner operated.

How are the clients attracted to the business?
Word of mouth

What Advertising/Marketing is carried out?
Local paper.

Does the business have any contract work?
Regular monthly clients

What competition exists?
Normal competition for the industry

What are the seasonal trends?
There is a bit of more work to complete during tax season. Jan and February with annual year ends is obviously busier. August for provisional tax is also busier. Very busy in beginning of the year

Is the business VAT Registered?
Yes

What VAT documentation is on file?
Yes, current and available.

Are there up-to-date Management Accounts available?
Yes, 2018

What percentage of the business is cash/credit?
Terms of 30 days

What is the age analysis of the debtors book?
30 – 60 days – about R500,000 debtors book

How could the profitability of the business be improved?
More clients should be added.

Is Seller finance available and for what amount?
Yes, in line with selling accounting practices the seller will accept a 60% cash payment and subject to a proper hand over and turnover warranty the balance over a 12 month period to an APPROVED buyer. A structured deal will thus be considered. Please note the seller is emigrating and a fast handover will take place.

What is the total staff complement?
6 staff members that exclude the owner. Thus 6 to be taken over. This will also assist with continuity and be a condition of a warranty.

Give a breakdown of staff/ functions/ length of service?
Will be discussed with buyers.

Do any receive special perks or incentives?
No

Are they on contract?
Yes

How involved is the Owner in running the business?
Owner is hands-on

When does the current lease end?
Nov 2018

Is there an option of renewal & what period?
Yes

What is the annual escalation %?
10% historically

What are the trading hours?
Office hours

Is a copy of the lease available?
Yes

Do you require a licence?
Yes, professional body, example SAIBA/SAIPA/SAICA

What are the main assets of the business?
Some office furniture

Are any items not included in the sale?
Debtors

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
Market Value

Which assets are on lease/HP and with whom?
None

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

Strengths?
Loyal client base Consistent Clients Good recurring Income Staffed Well established

Weaknesses?
Keeping up with change

Opportunities?
Expand services to clients Growing area Provide more Value Adds Raise marketing profile of practice

Threats?
None Perceived

What is the reason for the sale?
Owner wants to relocate

Why is this a good business?
Client Retention with the remaining staff members, strong monthly income. Flexible time and great location to be at. Well establish practice

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FRANCHISE DETAILS

Aldes Orion

2 members
18 active mandates
Gauteng , LynnwodRidge Pretoria
108 Lynburn Rd, Lynnwood Manor
LynnwodRidge Pretoria
0081

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