This language service provider has contracts with schools
and hospitals within Seattle County, WA. Their services are
essential in various settings such as medical appointments,
court hearings, social services, hospitals, and school districts.
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 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 has offered to stay with the
business for 1 year post-close and is willing to carry 15% via
Promissory Note to show their vested interest in the
continued success of this business post-close. 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.
Priced at $380,000, a 10% down payment of $38,000 will
return $42,574 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.