Registered Auditing and Accounting Practice For Sale

Business description

Background and History:

This highly lucrative and respected auditing and accounting practice was started by the present owner in 2000.

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.

Client base currently at 600 and growing.

The practice focuses on:

- Auditing

- Bookkeeping (all clients are on a debit order system)

- Tax

- Property registrations

Other forms of income are commissions from bond originators etc. There are no debtors and in the seven years that the practice has operated, there has never been any bad debts indicating the high level of clients held.

Property information

Real Estate:

Lease

Lease terms:

Lease Details:

A new lease is in place from Jan 2008 for 3 years with an option for renewal.

Current Premises is 315sqm.

Other information

Expansion potential:

Opportunities:

Expand the business to include other services. An existing firm can purchase the business for an immediate increase in market share.

Well suited to a recently qualified auditor / accountant who wishes to have his / her own practice but does not want to start from scratch to build up a client base.

Conclusion:

With 2007 fee income of R2,600,000 and projecting R3,200,000 for 2009 Financial year this business is well priced at R3,200,000.

Excellent location with plenty of parking, this auditing and accounting practice is a highly recommended buy for a firm / individual wanting to gain market share or get into this specialised field.

Competition / Market:

Assets consist of office furniture and equipment. A full asset list can be provided to serious buyers.

Reasons for selling:

The owner is considering emigrating.

Trading hours:

Office Hours

Furniture / Fixtures value:

R238,000 (included in the asking price)