Business Overview:
With a 28-year track record of excellence, this company is the premier provider of court reporting and legal technology in Northwest Arkansas. This business offers a rare acquisition opportunity for a regional or national firm looking to expand into one of the fastest-growing economies in the country! Started in 1981 as a home based business, this court reporting and medical transcription business has become one of the oldest – and largest – companies of its kind in the state of Arkansas. In addition to full service court reporting, this business also offers videoconferencing and video services, process service, and transcription services to the legal and medical industries, corporations and the general public throughout a seven county region. The company employees five full-time court reporters serving the following counties in Northwest and Western Arkansas: Benton, Washington, Carroll, Madison, Sebastian, Boone, and Crawford. The staff also includes one full-time process server, two videographers, and two administration and production positions.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This business is currently located in approximately 4,000 square feet of office space in one of Northwest Arkansas’ busiest commercial districts. The business also works out of a 300 square foot satellite office located in an executive office park in a neighboring county. Highlights of the company’s equipment list include two complete videoconferencing systems, seven desktop PC’s and one iMac with video editing software, two full suites of furniture for conference rooms, copiers, fax machines and other miscellaneous office equipment.
Market Competition and Expansion:
Competition: This business competes with two other, much smaller companies located in the area, as well as many individual freelance court reporters. There are literally no court reporting businesses of this size and caliber in the area; one would have to travel to Little Rock, AR or Tulsa, OK to find a comparable business. Growth/Expansion: This business could easily be expanded to service the entire state of Arkansas, as well as Southwest Missouri and Northeast Oklahoma. There is almost unlimited opportunity to grow the medical transcription side of the business. The markets for videoconferencing and process service also offer ample opportunity for growth and expansion. There is only one full-time staff member currently dedicated to service process in a two-county area.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.