Description of the business for sale
The Company provides interpreters and translators for a variety of state and local governmental agencies, as well as private institutions. It focuses on the medical and legal fields, where specialized knowledge and training are required to perform effective translation and interpretation while conforming to all regulatory and privacy requirements. For example, the Company might provide an interpreter for a non-English speaking person who has an appointment with his/her physician to discuss a serious medical matter.
The Company offers services in over 40 foreign languages, drawing on its database (which would convey to the buyer) of over 2,000 certified and/or credentialed professional translators, editors and interpreters.
The Company has established a strong reputation across the Greater Washington, DC Metropolitan Area for high quality linguistic services, thoroughness and responsiveness in carrying out client assignments, and careful attention to detail throughout the process.
With very little sales and marketing, the Company has grown its annual revenue from $213,000 in 2006 to $592,000 in 2007, to $228,000 for the first four months of 2008 (an annual rate of $684,000). In 2007 and 2008, EBITDA has been in the range of 40% of Revenue. With more focus on sales and marketing, a new owner could leverage the Company’s strong reputation to broaden its customer base and achieve significantly higher revenues and profits.
Support / Training provided by seller
The owner is willing to remain for up to six months on a part-time basis to assure a smooth transition.
Description of the facilities
The company occupies modest leased office space. The services are delivered at the client's site.