Business Overview:
SellerForce® presents an online translation services business that has rightfully won over several big name clients, including the LA County Dept of Public Health, the US Navy, and even the State of California. From written and oral translation and interpretation to ASL and braille, they offer all the services their clients could need to make universal communication a far more streamlined process.
Not only that, but they also provide subtitles, copywriting, dubbing, and several other desirable offerings branching off from their main industry, with their 16 years of experience providing these services making them one of the best providers on the market.
The heart of their business is their capable, highly committed team of interpreters, schedulers, and managers who skillfully provide their top-of-the-line translations, as well as a quality of customer service that can be difficult to find from many of their competitors. The company boasts around-the-clock availability and a fast turnaround, which is perfect for those tight deadlines where clients have very little wiggle room to work with.
Unsurprisingly, this has given them a glowing reputation and made many of their clients- low and high-profile alike become loyal customers for years on end. Their average contract length sits at around 3 years long, and brings in about $75,000 every year. The business has found that a staggering 90% of their clients renew after their initial term, and they currently have nearly 60 active engagements that the buyer will be able to enjoy post-purchase.
Though this acquisition may be seasoned, they are far from short on the number of scale opportunities that are available to them. Most of their growth so far has been done through word-of-mouth from satisfied clients, which means that targeted marketing to a wider variety of client demographics, such as hospitals and law offices, could increase their overall revenue.
They could offer services that require no contracts on a pay-per-use basis, letting these new clients try out what they have to offer without committing to a full subscription. Alternatively, they could focus on more aggressively expanding the amount of government proposals submitted, especially as the US Department of Health is one of their most lucrative clients.
They could also implement new services, such as Over the Phone Interpretation, or OPI, and Video Remote Interpretation, or VRI. The company has already started to offer these services to many of their clients, and it has seen strong demand so far.
The company could also establish a billed-per-minute model with their services and a minimum fee for in-person assistance, which would drastically increase the amount of revenue that they bring in throughout their contracts.
If you’re interested in learning more about how this business can translate into your overall profits, then contact SellerForce to learn more from our brokers.
Listing ID: SF162
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Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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