Established and Growing Court Reporting Services Firm

Mid West

Established and Growing Court Reporting Services Firm
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,400,000

EBITDA: $620,000

FF&E: N/A

Inventory: N/A

Established: N/A

Established and Growing Court Reporting Services Firm

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Business Description

The Company provides professional and experienced court reporters for depositions of all types, arbitrations, public hearings, corporate meetings, and seminars. Its certified court reporters use the latest technology to satisfy client needs accurately, promptly, and cost-effectively. The Company also offers complete professional high-definition worldwide video conferencing services. Its conference facilities are available 24/7, and provide in-house videography and personalized legal support services. These proceedings can be recorded and/or transcribed.

The Company specializes in providing its services, as well as state-of-the-art conference rooms, primarily for the legal community located in a major metropolitan area. On a much smaller scale, it also serves local businesses and various associations. The Company operates from a 2,500-square foot office facility, and is currently staffed by 19 full-time employees.

Detailed Information

Competition:
* Consistent Historical Sales and Earnings Growth: Historical sales grew consistently from $2.2 million in 2016 to over $2.3 million in 2018, representing a CAGR of 3.4%. EBITDA grew at CAGR of 5.1% over the same period, from $570,000 to $630,000. * Strong Client Relationships: The Company is proud of its strong ties to clients and reputation for quality work and client service. Evidence of these relationships is shown in the 80% rate of repeat business, as well as the fact that 90% of revenue is from referral-based business. Its top five clients have been working with the Company from a minimum of 19 to a high of 32 years. * Network of Seasoned Court Reporters: The Company maintains a network of certified and experienced court reporters. It reports low reporter turnover, as the majority of reporters have been with the Company since inception. This wealth of experience and expertise provides it with a significant intangible asset and advantage over many regional and national competitors. Reporters use the most advanced transcription software in today’s marketplace.
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Additional capital required to reach the next level
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Ryan Johnson

Business Listed By:
Ryan Johnson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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