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Listed by:

The Firm

Translating And Interpreting For Healthcare And Schools For Sale

Cleveland, Ohio, US
Asking Price:
$510,000
Sales Revenue:
$768,545
Cash Flow:
$177,567

Priced at $510,000, a down payment of $51,000 returns $99,301 in the first year after debt payments – a 195% return on investment! Serving large health care, municipal legal, and school systems, along with commercial businesses, Social Security Administration, and individual customers, the seller of this LSP business is willing to do performance based earnout to show vested interest. Interpreting 50+ languages accounts for 85% of revenues, with translation of 150 languages accounting for the remaining 15%. With 102 contracted employees, 75 of which are local interpreters, this business operates with low overhead, earning a 46% profit margin last year. 2020 numbers were down due to COVID-19, as 80% of their client base consists of schools and hospitals. There is complete confidence that the business will return to normal levels as establishments are re-opening. Established in 1997, many customers have been with this firm for over twenty years and have strong working relationships to draw upon. The owner remotely manages the day-to-day operations and routes the work to the team of translators. The translating duties could be distributed to a contracted employee, if desired.

Current administrative operations are completed remotely and both contracted coordinating assistants work part-time from their home. The bank of 75 contracted interpreters are local and take assignments throughout Northeast Ohio and work in over fifty languages. The team of 25 translators work in over 150 languages and are all remote hires.

This small but mighty team has grown their customer base and maintained a positive reputation in the area. To build upon current successes, investment in marketing could be effective in generating new clients as could networking with local business owners. The company does not currently have a scheduling portal – a new owner who has a technology background and could implement this feature would be incredibly beneficial to the business.

Property Information

Location:

Cleveland, Ohio

Premises Details:

Work remotely! Low Overhead!

Business Operation

Expansion Potential:

Invest in targeted marketing to reach new customers, consider upgrading technical operations to increase efficiency, network with local business owners to generate connections

Reasons for selling:

Retirement planning

Employees:
102: 2 Coordinating assistants, 75 local interpreters, 25 remote translators
Years established:
1997

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $510,000

10% Buyer Down Payment $51,000
15% Seller Financing $76,500
75% Bank Loan $382,500

A 10% down payment of $51,000 returns $99,301 in the first year after debt payments!

Related Documents:

Contact The Firm

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