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Listed by:

The Firm

Interpretation In Hospital And Legal Systems For Sale

New York City, New York, US
Asking Price:
$8,500,000 (USD)
Sales Revenue:
$6,915,372 (USD)
Cash Flow:
$2,451,201 (USD)

Clients include health care systems, large organizations & state corporations! In the heart of New York City, this interpreting company utilizes 350+ available contractors to provide excellent language services to their long-term clients in 30 languages on site and 150 languages remotely. The firm was established in 2011 and focuses on providing individualized services to the health care industry, corporate clients, and social services providers. Finding the best interpreter for the assignment is of the utmost importance to this team as quality services is an ingrained corporate value. Scheduling considers the requester’s languages, preferences, and cultural beliefs, in partnership with the interpreter’s experience, languages spoken, and availability. This team of six coordinators and two managers manage over 350 qualified interpreters who provide in person services for over 30 languages and remote services for over 150 languages. The owner focuses on oversight of daily operations as well as business development.

The team works from an office with a small footprint and lower overhead, with most employees working remotely. Nearly 200 rotating interpreters are compensated each pay period, but over 350 individuals are in the database. Within the office there are six coordinators scheduling appointments and answering customer questions, one compliance manager, and one financial manager.

New York City is an excellent location for this dynamic company, with a melting pot of languages. Additional commercial clients or expanding the reach of interpreting technology utilized throughout the city is an exciting opportunity. There is virtually no CAPEX, making growth and expansion inexpensive.

Property Information

Real Estate:

Lease

Premises Details:

Small amount of office space required, many employees work remotely

Business Operation

Expansion Potential:

Work within the court system and with law enforcement where interpreters are helpful

Reasons for selling:

Exit strategy, industry consolidation

Employees:
6 coordinators, 1 compliance manager and 1 financial manager
Years established:
2011

Other Information

Support & training:

3 -6 months, or as negotiated

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $8,500,000
15% Buyer Down Payment: $1,275,000
15% Seller Financing: $1,275,000
70% Bank Loan: $5,950,000

A 15% down payment of $1,275,000 returns $1,231,130 in the first year after debt payments!

Furniture / Fixtures value:
$75,000 (USD)
Related Documents:

Contact Information

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