Interpretation Services Provider with Midwest Client Base

Kansas City, MO (Clay County)

Seller Financing Available
Interpretation Services Provider with Midwest Client Base
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Asking Price: Get Financing: $490,000

Cash Flow: $126,828

Gross Revenue: $605,702

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2013

Interpretation Services Provider with Midwest Client Base

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Business Description

This dynamic and expanding company provides services for clients in different industries throughout the Midwest. Most services are scheduled in advance during normal business hours, but there is 24/7 availability if needed. The interpretation services can be provided at client location or via phone. A growth opportunity would be adding more interpreters in TN, AL, GA, FL, MN, and many other States throughout the Midwest and other States, client transportation services to and from the location (for example, transporting client to the doctor’s office). The current Owner is exploring this opportunity.

With no official office of its own, this business is run remotely with automated appointment and billing management driven by a custom software program. The current owner is responsible for oversight and does not perform any interpreting work. With the automated system, administrative work is minimal and can be handled by one person. There is a pool of 300 service providers (paid via 1099) but the network can support up to 1,000+.

Clients are billed for a minimum 2 hours of service. Invoices are sent every 2 weeks on NET 15 payment terms. Prices for contracted clients are based on a negotiated book rate and after a certain number of appointments that rate can be renegotiated.

Interpretation services are in high demand, and with a 99.5% service completion rate, this business has been keeping pace since 2013. A 10% down payment of $49,000 returns $51,291 in the first year after debt payments!

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Detailed Information

Real Estate:
Owned
Building SF:
N/A
Competition:
Service Area: Predominantly Midwest client base but not limited to that area Number of Clients: 149 total clients of which 50 are repeat Services: Interpretation and translation (interpretation is about 85% of work); can support most languages; 99.5% completed service success rate
Growth & Expansion:
Growth Opportunities: Add transportation to services; increase client base
Financing:
10% Seller Financing
Support & Training:
90 days
Reason for Selling:
New business opportunities
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Cortney Sells

Business Listed By:
Cortney Sells

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