History and Overview Of The Business
|
Fully describe the business's activities |
The clients are serviced on a monthly basis for the normal accounting and compliance requirements by a single practitioner and a staff member. They offer a range of services. |
When was the business established? |
2011 |
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 |
Owner operated. She operates according to priority planning and does all the weekly, monthly and annual work for the various clients with the help of a staff member. |
How are the clients attracted to the business? |
Word Of Mouth
Active marketing on Google for the geographical area
|
What Advertising/Marketing is carried out? |
Active marketing using Google Adwords. |
Does the business have any contract work? |
No |
What competition exists? |
Normal
|
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 |
Financial Information
|
Vat Registered? |
No, just below the threshold |
Vat Documentation on File? |
Yes. |
Management Accounts? |
Yes, current and available |
Audited Financials? |
Yes, 2018 |
What as Cash/Credit Split? |
Terms of 30 days |
Debtors Book Age Analisys |
Most of clients up to date, 30 – 60 days |
How can you improve the profitability? |
More clients should be added and the service offering can be expanded. Fee increases are due BUT if the buyer is VAT registered may have to be used to absorb a switch to VAT on fees |
Is Seller Finance available and if so what is it? |
.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. |
Staffing Of the Business
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What is the total number of Staff? |
One staff member that must be taken over. This will also assist with continuity and be a condition of a warranty That staff member is based on the East Rand |
Staff Special Perks and Bonuses? |
No |
Are the staff on Contract? |
No |
Does any of the staff have management potential? |
No |
How involved is the Owner in running the business? |
Overseeing the clients with staff doing the work and reviewing the work done. Owner is hands-on |
Premises Of the Business
|
When Does the Current Lease ends? |
Seller operates from her house, you will therefore service clients from your own premises going forward |
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? |
You will have to register or be registered with a body like, SAIBA/SAIPA/SACIA |
Assets Of The Business
|
Full Asset List available? |
This is the purchase of clients, a block of fees. If you would like to add assets that can be discussed in addition to the clients |
Anything not included in the sale? |
You buying Clients
|
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
|
STRENGHTS |
Well Established since 2011
Very good online presence
Loyal client base
Consistent Clients
Large client base |
WEAKNESSES |
Owner emigrating, short handover
Limited Infrastructure and backup
|
OPPORTUNITIES |
Absorb these clients into your own practice for immediate benefit and cost savings
More clients due to strong online presence in area
Retaining the seller in an advisory/consulting capacity
|
THREATS |
None Perceived
|
Summary
|
Why is this a good business |
Client Retention with a remaining staff member, strong monthly income. Large client base. You don’t often get a sizeable block of fees in the area for sale |
Why is the owner selling it? |
Emigration and leaving on 20th May 2018 |