|Language Services - High Margin|
CaliforniaListing DetailsOffice ID: LANGUAGE1
Listing Broker: Michael Fekkes, CBI, CEPA
Listing Price: $1,300,000
Gross Revenue: $1,041,044
Cash Flow: $366,595
FF&E Included: No
Sale Price: $1,150,000
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:Business is pre-approved for SBA Financing. $322,500 down payment. 10 Year Term, 6% interest rate. $10,741 per month
Reason for Sale:Owner is seeking retirement from the business to focus more time on family and altruistic endeavors.
Training:Seller will provide customary four week training included in the price. Assuming satisfactory terms and conditions are negotiated, the owner is willing to remain with the Company on a paid consulting basis for up to 24 months.
OperationsYear Established: 1980
Form of Ownership: S Corp
Employees (full-time): 4
Employees (part-time): 3
Business Hours: Traditional M-F work week.
Business Description:This 35 year old language services business, which can be operated from anywhere in the United States, and does not require industry experience or linguistic skills, provides four primary services: (1) On-site Interpretation (2) Written Translation (3) Phone Interpretation (4) Multilingual Transcription
Historical Summary:The business is owned by the original founder. What initially began as a one-man show has transcended into a full service company where a wealth of professionals help deliver the outstanding services for which the company is known. The established loyal customer base, some of over 20 years, has been a reliable source of repeatable business that has been responsible for generating the returns during the owners reduced involvement. A new owner who has the interest and passion to grow the business and take it to the next level will find this a compelling and a one of a kind opportunity.
Owner Qualifications:A language services background, industry experience, or multi-lingual skills are not required or a prerequisite to be a successful steward of this business. This is a turn-key operation with long standing management in place. The majority of interpretation, translation, & transcription work is outsourced leveraging a comprehensive proprietary database of over 3,200 certified, registered, and accredited linguists. Given this model, the company can easily and effectively be operated from anyplace within the United States. Additionally, with the Director of Operations fulfilling the role of General Manager the business could be managed on an absentee owner basis.
Competition:This industry is not without competition but the growth this sector has seen as well as the positive outlook for the future mitigates the hurdles to developing the business and bringing it to new heights. The established base of long term clients and impeccable company reputation provides a solid launching pad to grow future revenues.
Potential Growth:While the interpretation & translation industry is little known in the United States it is a very profitable sector, in an industry growing at an annual rate of 13.15%. In the last 2 decades globalization has spread in the lives of people residing all over the world and has entered all spheres of life. It has also made a significant impact on commerce and business. Now all small and big commercial firms as well as consumer service providers are collaborating with each other irrespective of being based in different countries and continents. Language translation firms have achieved great importance in recent years.
LocationLease Expires: Dec 31, 2015
Option: 2 Year Option
Monthly Rent: $1,445
Square Footage: 1092
The majority of interpretation, translation, & transcription work is outsourced leveraging a comprehensive proprietary database of over 3,200 certified, registered, and accredited linguists. Given this model, the company can easily and effectively be operated from anyplace within the United States. Additionally, with the Director of Operations fulfilling the role of General Manager the company could be managed on an absentee owner basis.
Last Updated: Feb 2, 2016 / 6:05 PM
Financial Information Current as of: Mar 29, 2015 / 12:46 PM