We are delighted to introduce this national bespoke corporate languages services company offering tuition, translation, interpreting and cultural briefings for sale. The business has national coverage although it is presently located in Bristol 90% of clients and courses take place within the South of England.
This business was established by the main shareholder 1991 with the other shareholder being involved only in the last 3 years. The Business has an excellent reputation over the last 25 years in the past the business has achieved well in excess of double the turnover, but this was reduced for efficiency and for an eventual exit strategy. It is now being sold due to semi retirement.
This corporate business offers bespoke language courses for many of its corporate clients. Over 80 languages are taught, with up to 45 courses ongoing each month. One to one tuition is offered as well as group tuition at the client’s premises for both private and public corporations. A brief is taken from clients, with a pre course meeting and then an appropriate tutor is allocated. The syllabus and specific needs are agreed and then courses are arranged and operated. This may also include training for presentations in foreign languages.
The translation sevices are provided using in country translators. There are also a small, but growing intrepeting and cultural briefing product offerings.
A vast majority of the business is repeat business. The list of clients is very impressive, including the MOD (the business is one of only 4 preferred national users), The National Health Service, The London Stock Exchange, Sony, Nokia, Foreign embassies and City of London Institutions, and many multi national corporations and smaller local companies. The Company is one of the premier choices in the industry.
As one would expect with the longevity of the business and the downscaling, the business has immense potential. With a larger company purchasing the business, it is expected that turnover and profits could easily be quadrupled. The prestigious client base is in no way maximised and often work is not tendered for at the moment.
As part of the sale price the Owner would be available for an extended training period as well as consultancy to ensure a smooth handover if required. The Owner is also prepared to operate the business for a new Owner for a period of time if required.
The turnover during the last financial year was £188,157 with a gross profit of £97,900 net profit of approximately £33,813 There is potential to quadruple the turnover within the next 3 years if the business is purchased by a larger concern within the industry,
The business is re-locatable.
The business is re-locatable and is a national company.
Is this business relocatable: Yes
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