Business Summary:
Their main focus is on interpreting services. This business has a contract with Seattle County, WA, and their services are essential in various settings such as medical appointments, court hearings, social services, hospitals, and school districts. 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. 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 on a 1099 basis, indicating that they work 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 is planning for her retirement and has offered to stay with the business for 1 year post-close but has expresses their willingness to extend this transition should the buyer require additional assistance! Priced at $410,000, a 10% down payment of $41,000 will return $49,841 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.
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