Business Overview:
This is an opportunity to buy a Court Reporting business that provides high quality, rapid-turnaround, and cost-efficient court reporting services to its clients.
National Industry Considerations - Court Reporting Services grew at a rate of 8.9% in 2008. The Bureau of Labor Statistics projects the demand for court reporters to grow 25% between 2006 and 2016.
State Industry Considerations - In 2007, Illinois represented 4% of the Secretarial and Court Reporting Services market. This is favorable to a potential buyer because the Company is well-positioned in a geographic region with a high demand for secretarial and court reporting services; however, the market is not over-saturated with competitors.
Company Considerations - It enjoys a diversified client base with no one client representing more than eight percent of the Company’s total client portfolio. In 2007, the Company’s revenues were over 3 times that of the industry average despite no formal marketing effort, which indicates potential for growth. The Company also benefits from manageable levels of risk due to the leasing of expensive office equipment and low overhead. The seller is willing to remain with the Company after the sale in flexible capacities in order to ensure a smooth transition.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is owned.
- 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.