Translation and Interpretation Business
Location: Virginia
Industry: Professional Services > Other Professional Services
Financials
Asking Price: $1,000,000
Gross Revenue: $592,000
Cash Flow: $234,000
Inventory: (Included in Asking Price)
FF&E: (Included in Asking Price)
Seller Financing: Owner flexible, but offers with most cash at closing will be given priority.
Business Summary
The Company provides interpreters and translators for a variety of state and local governmental agencies, as well as private institutions. It focuses on the medical and legal fields, where specialized knowledge and training are required to perform effective translation and interpretation while conforming to all regulatory and privacy requirements. For example, the company might provide an interpreter for a non-English speaking person who has an appointment with his/her physician to discuss a serious medical matter.
The Company has established a strong reputation across the Greater Washington, DC Metropolitan Area for high quality linguistic services, thoroughness and responsiveness in carrying out client assignments, and careful attention to detail throughout the process.
With very little sales and marketing, the Company has grown its annual revenue from $213,000 in 2006 to $592,000 in 2007, to $228,000 for the first four months of 2008 (an annual rate of $684,000). In 2007 and 2008, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) has been in the range of 40% of Revenue.
Today, the Company offers services in over 40 foreign languages, drawing on its database (which would convey to the buyer) of over 2,000 certified and/or credentialed professional translators, editors and interpreters. The languages range from the most in demand, such as Spanish and Asian languages, to some of the more rare, such as Uygher and Temne.
With more focus on sales and marketing, a new owner could leverage the Company’s strong reputation in the Washington, DC region to broaden its customer base and achieve significantly higher revenues and profits.
The Company has established a strong reputation across the Greater Washington, DC Metropolitan Area for high quality linguistic services, thoroughness and responsiveness in carrying out client assignments, and careful attention to detail throughout the process.
With very little sales and marketing, the Company has grown its annual revenue from $213,000 in 2006 to $592,000 in 2007, to $228,000 for the first four months of 2008 (an annual rate of $684,000). In 2007 and 2008, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) has been in the range of 40% of Revenue.
Today, the Company offers services in over 40 foreign languages, drawing on its database (which would convey to the buyer) of over 2,000 certified and/or credentialed professional translators, editors and interpreters. The languages range from the most in demand, such as Spanish and Asian languages, to some of the more rare, such as Uygher and Temne.
With more focus on sales and marketing, a new owner could leverage the Company’s strong reputation in the Washington, DC region to broaden its customer base and achieve significantly higher revenues and profits.
About the Business
Year Established: 1994
Employees: 2 full time - 2 part time
Facilities: The company uses leased office space.
Market Outlook and Competition: The Washington, DC Metropolitan Area has a high concentration of recent immigrants from many countries. As a result, there are growing requirements for interpretation and translation, especially in the health care and legal areas. At the same time, these immigrant communities provide a rich source of native speakers in almost every foreign language, who also speak fluent English. Thus, the Company stands astride a growing market, with ready access to a wide pool of linguistic talent. There are several translation and interpretation companies in the area, but very few with the strong reputation of this company.
About the Sale
Management Training and Support: The owner is willing to remain on a part-time basis for up to six months to assure a smooth transition.
Reason For Selling: The owner is retiring.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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