Their main focus is on interpreting services. This business
has a contract with Seattle County, WA, and their services
are essential in various settings, such as medical
appointments, court hearings, social services, hospitals, and
school districts. They specialize in language interpretation
services, with Spanish being the most common language,
work with; however, they have the ability to handle over 100
languages. Since the early 90's, they have served western
Washington but has the capacity to offer its services on a
national scale. The team consists of 1 scheduler
Administrator who runs the day-to-day operations, 1
bookkeeper, 1 Billing Manager, and 1 IT technician. All
interpreters are engaged on a 1099 basis, indicating that they
work as independent contractors rather than full-time W2
employees. The owner is semi-passive, with less than 10
hours per week, providing oversight to the remote
administrator and approving financial matters. The seller is
planning for her retirement and has offered to stay with the
business for 1 year post-close but has expresses their
willingness to extend this transition should the buyer require
additional assistance!
Priced at $410,000, a 10% down payment of $41,000 will
return $49,841 in the first year after debt payments. In
Conclusion: this is a well-established language translation and
interpretation service provider that plays a crucial role in
facilitating communication for non-English speakers in various
essential settings within western Washington and beyond.
- Asking Price:
- $410,000
- Sales Revenue:
- $479,843
- Cash Flow:
- $110,511
Business Operation
- Expansion Potential:
-
Growth Opportunities: Offer service to additional school
districts, senior care, and mental health facilities.
Additionally, a new owner could offer service to
Immigration services
- Reasons for selling:
-
Retirement/ age
- Employees:
- 3
- Years established:
- 1994
Other Information
- Support & training:
-
1 year. The seller has expressed
their willingness to extend this transition should the buyer
desire
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
10% Buyer Down Payment $41,000
15% Seller Financing
• 10% on Standby
• 5% Paid Immediately
$61,500
75% Bank Loan $307,500
- Relocatable:
- This business can be relocated.