SEATTLE, Washington
| Asking Price |
$380,000 |
Year Established |
1994 |
|
| Annual Revenue |
$480,031 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$100,677 |
Listing Number |
950915 |
|
| # of Employees |
3 |
Business Category |
Services: Communication, Media, Technology |
|
Business Overview:
This language service provider has contracts with schools and hospitals within Seattle County, WA. Their services are essential in various settings such as medical appointments, court hearings, social services, hospitals, and school districts.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 Scheduling Administrator who runs the day-to-day operations, 1 bookkeeper, 1 Billing Manager, and 1 IT technician. All interpreters are engaged 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 has offered to stay with the business for 1 year post-close and is willing to carry 15% via Promissory Note to show their vested interest in the continued success of this business post-close. They specialize in language interpretation services with Spanish being the most common language they work with; however, they have the ability to handle over 100 languages.Priced at $380,000, a 10% down payment of $38,000 will return $42,574 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.
Property Features and Assets:
Market Competition and Expansion:
<p>Growth Opportunities: Offer service to additional school districts, senior care, and mental health facilities. Additionally, a new owner could offer service to Immigration services<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity