Accounting & Audit Practice Cape Town For Sale

Business description

This highly respected auditing and accounting practice was started
by the present owner in Jan 2006.

The practice has grown over the years through word of mouth and referrals from satisfied clients.

The firm offers an extremely efficient and high level of service to a range of clients including blue chips with huge growth taking
place an a year-on-year basis.

The business has recently passed it's practice review and is also
a registered training office.

Business has been established since Jan 2006

Standard office hours apply 8:00 - 17:00.

Selling price is R3,300,000 Avg net of R94,643 per month
for the period Mch - June '08.

There is also a Sundry of 200,000

Property information

Real Estate:

Lease

Lease terms:

The current lease end 31st August 2008.

There is a option to renew for three years.

The square meterage of the business is 206m2.

Trading hours are from 8:00 - 17:00

Location:

With 2008 Fin Yr fee income of R2,000,000 and projecting R3,000,000 for Jan - Dec 2008 this business is well priced at R3,300,000. Excellent location - Grade A offices - with plenty
of parking and huge growth opportunities, this is a highly recommended investment for a qualified individual or firm.

Other information

Expansion potential:

Well trained and qualified staff, established business with
strong client base.

Business is showing excellent year-on-year growth.

Registered training office.

The business can be developed to incorporate bond registration
commission referrals and also expand on the auditing aspects
of the business.

Perceived changes audit legisation in 2011

Competition / Market:

Client base currently at +- 400 and growing rapidly. The practice focuses on:- Accounting and consulting (70%), Auditing (20%) and Tax (10%). Clients are invoiced monthly with payment on presentation or on 30 days. Through referrals from satisfied clients & word of mouth. Other accounting & audit practices

Reasons for selling:

Owner is emigrating

Trading hours:

8:00 - 17:00

Contact the seller