Transcription Service, On-line Ordering, LA Based

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Background

BizEx ID:BizEx1273-EM
General Location:Los Angeles, CA
Category: Consumer Services (B2C)
Business Services
Years in Business:11
Under Present Owner:11
Hours of Operation:Varies
Owner Hours:Varies
Training:2 weeks @ 40 hours
Organization Type:S-Corp
Lease Expiration:2020
Lease Options:Buyer to secure new Lease
Building Size:1,500
Employees:26
Reason for Sale:Retirement

Financials

Asking Price:$2,100,000
Down Payment:Negotiable
Gross Sales:$1,400,000
Discretionary Cash Flow:$600,000
FF&E:$50,000
Inventory Included?Yes
Inventory:$1,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$3,000
Payroll:$220,000
Financing:SBA

2018 2017 2019 est 12 months
Gross Sales $ 1,300,000 $ 1,300,000 $ 1,400,000
Gross Profit $ $ $
Disc. Earnings $ 500,000 $ 500,000 $ 600,000

Description

Nationwide, #1 Rated, Transcription Service Company - Los Angeles Based

This dynamic company has developed an excellent reputation as a reliable, high quality transcription provider known for its superior accuracy. 

Their main clients niche is for Legal, Medical and Workman's Comp but numerous other professions could also be secured; Insurance, Corporate, Education Entertainment, Employment Services, Other Language Transcriptions and virtually any business service that requires transcriptions. 

  • High Net Profits - $600,000 Net Income from $1,400,000 Annual Sales for 2019 (estimated)
  • All work performed in the US
  • Easy, Secure On-Line Ordering and Customer Account Log-in
  • Quick Turn Times - 3 hours to 24 hours
  • Relocatable

Growth Opportunities: this company does very little marketing, has great client retention and strong on word-of-mouth. A energized new owner could quickly increase revenue with some basic marketing. Customers could be nationwide and in a vast variety of professions. 

The Seller is retiring but is available to train a new buyer and get them up to speed quickly.

For more information; please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register. Don Mellem (949) 842-8154, dmellem@bizex.net or Eric Mellem (310) 293-6414 or emellem@bizex.net

 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations