Sectors / Category

Annual turnover

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  • Mandate: 32068
  • Added: 18 May 2018
  • AFS
  • 1694

Accounting Practice on Natal Coast

KwaZulu-Natal,
1694
Mandate 32068
Added 18 May 2018
R 2,400,000* ZAR
Stock: R 0
Assets: R 0
R 81,230 ZAR
Louis Bruwer
Aldes Orion
Gauteng, Pretoria East
Gauteng, Pretoria East
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 2,400,000* ZAR
Stock: R0
Assets: R0
R 81,230 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 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

Are there up-to-date Management Accounts available?
Yes, current and available.

What Balance Sheet and Income Statements are 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 R690,000 debtors book, R192,000 of that current.

How could the profitability of the business be improved?
Grow the firm and increase productivity.

Is Seller finance available and for what amount?
Yes, in line with selling accounting practices the seller will accept a 50% cash payment and subject to a proper handover and turnover warranty the balance over 12 months. A structured deal is therefore available to an APPROVED buyer.

What is the total staff complement?
Six staff members are employed, this excludes the owner. This continuity of staff will also assist with the handover to you 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?
To be discussed

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
14 active mandates
Gauteng , Pretoria East
108 Lynburn Rd, Lynnwood Manor
Pretoria East
0081

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