Language Translation, Tuition and Interpreting
Ref.CC028 Location LondonAsking Price £850,000Confidential offered for sale
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | |
Asking price includes:
Reputation for reliability
Completely portable business offering
Successful range of services
Sales of circa £480,000 per annum
Consolidated contracts
Many years of successful operations
Un patented technical know-how
Trusted and respected name
Excellent opportunity to grow
Excellent profit margins
Established client base
Training and handover
Computer system
Significant Goodwill | Business profile: | This business was founded in the early 80’s by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality of its service and reliability.
The business has provided a full range of professional language services in every language since its creation, drawing upon the most accomplished professionals in every one of over 100 languages.
The business’s services are international and are offered in the UK, Europe, USA and Asia.
The capacity of the business to turnaround large projects quickly with complete accuracy is un-paralleled with over 4,000 linguists in its database - they are considered one of the best in the industry.
The business selects linguists who are professional. Each on is rigorously selected, tested and evaluated, in addition they are accredited by organisations such as:
1. Institute of translation and Interpreting (ITI)
2. Societe française des traducteurs (SFT)
3. United Nations
4. Institute of Linguists
5. American Translators Associations (ATA)
6. US National Association of Judiciary Interpreters and Translators
The business’s clients range from Government Departments and Banks, to Advertising Agencies and GCSE students. It provides a flexible, cost effective service, responsive to each client's needs. The directors, administrators, teachers, translators and interpreters are there to provide you with an individual service to meet your personal or corporate needs.
The business was founded to provide language training to suit the needs of corporate clients and individuals alike wishing to attain valuable language skills. Now 20 years on, their highly successful language business offers: -
1. Intensive Crash Courses
2. Business Language Courses
3. In-Company Courses
4. Group Courses
5. Lunch-time Courses
6. After-work Courses
7. Courses for children
Translation services include, typesetting, artwork, video subtitling, foreign language website or interpreting.
The multilingual team has the expertise to work on small assignments and long-term large projects, that might involve a variety of languages. The business’s reputation with clients has been built upon the notion that no matter how large or how small a client can rely on an efficient service and will be carried out within the agreed timescale at the quoted price.
The business’s professional interpreters are experts in the techniques of interpretation and well versed in the cultural nuances of the target languages. They have extensive experience and in-depth knowledge of the subject matter.
The business has considerable experience handling assignments in a wide variety of settings including
• Business meetings
• Court proceedings
• Depositions
• Hearings
• Conferences
• Training seminars
• Personal matters
It is considered that whether a client requires simultaneous interpreting (for large conferences) or consecutive interpreting (for a smaller group), only the most qualified interpreters are used to meet a client’s needs in any location worldwide. We can also provide on-site co-ordination and interpreting equipment.
Whether you request interpreting services weeks in advance or of short notice, we assign the best interpreters to meet your needs.
The business operates from a prime location in London and specialises in three key business areas; translation, interpreting and tuition. The business is portable and therefore not reliant upon the current premises, which are available to the purchaser for lease by negotiation.
For almost two decades, the company has been offering customers this comprehensive range of language services and have a loyal and long-term client base, some of which have relations with the business extending as far back as the earliest days of service.
The business is further supported by exemplary relationships with key suppliers who have helped to ensure that client service is never compromised and that clients are never let down. This commitment has underpinned this business’s abilities in service quality and sustained business growth.
Customer Service
The business manages many key accounts and does so, on a project-by-project or needs basis. The success of the business is founded upon its history of satisfying client needs sometimes in extraordinary circumstances.
In many cases the reputation of the business for achieving this satisfaction is the responsibility of suppliers in the context of a teaching or interpreting capacity. As such exceptional relations with these suppliers has been essential.
Key Strengths
The business is an organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant input from the vendor. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.
The business is well established and very profitable, with a strong, large and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient project completions, excellent quality work and highly skilled, experienced freelance staff.
Key Opportunities
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts, which are showing early trends for growth and development.
Technology
Administrative systems have been implemented to provide the required technology for a modern and efficient business. | Premises
The business is located in an easily accessible area of London; the premises comprise of administrative offices and include excellent storage capacity.
The business is highly portable and is not required to remain in its current location. Information in this regard is provided as a description of requirement only. | <>Advertising and Marketing
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation. | Growth and Expansion
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. | | Financial profile: | The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable and operates with low overheads, positive cash flow and high gross and high net profit, showing growth over the trading period.
Sales revenue is circa £480,000 per annum. The vendor feels that with investment in marketing and the expected increase in market demand the business could dramatically increase its revenues. | Employees
The business employs 1 managerial and 1 administrative staff full time and has an experienced freelance database of over 4,000 linguists responsible for the day-to-day operations. | Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | Reason for Sale
The business is for sale because of the vendor’s health and wish to follow other areas of interest. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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