Featured Brokers
CONFIDENTIAL SALE
FOR SALE
24/05/23
513712
154051 / Rightbiz
Overview
The company provides flexible translation solutions for a wide range of common and rare language pairs across the globe, catering for over 500 languages.
The business offers full-cycle project management services of translation projects, from technical consultancy to recruitment, project processing, delivery, and invoicing.
The company benefits from a variety of choices in terms of suppliers and rates, allowing it to offer the most competitive prices whilst still enjoying high profit margins.
Our client is offering the business for sale to focus on other commitments.
Offers in region of £750,000 invited; asking price subject to negotiation.
Key Highlights
- Service offering includes human translation, editing and proofreading, machine translation, quality assurance, transcription, subtitling and interpreting.
- Currently works with 21 active clients, and serves many of the leading LSPs, worldwide.
- Operates in a wide range of sectors, such as linguistics, IT, retail, marketing and legal.
- Strong and proficient team in place.
- Operates from leasehold virtual offices.
- Scope for the company to encourage business growth via the introduction of additional services, such as language consulting, language training and multilingual SEO.
Financial Highlights
- Turnover in excess of £441k in YE22, with an adjusted EBITDA of £88k.
- Gross profit margin averaging 46%.
- Recently gained five new projects, with an expected total value of circa £460k.
- Recently completed a project worth £40k, and has numerous ad-hoc tasks in place with a value of circa £20k.
- Benefits from numerous permanent contracts with a group of LSPs wich attributes to 90% of the company’s overall turnover.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Global Specialist in Translation Services - 154051 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.