Cash Flow Strong Legal Services Firm
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $600000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 6 - 9
Inventory 90000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Retirement
Description This New Jersey based Legal Services Firm provides court reporting, depositions, transcripts and interpreting services to the legal and insurance community in the NJ/NY/PA region. The company has solid profit margins and stable revenues - with major long-standing affiliations throughout the area. The seller's facilities are located in central NJ and are ideal for court services - flexible and long term lease is available.
The company enjoys a competitive advantage through a highly skilled staff that provides unique and respected expert court reporting services to the legal community - major law firms, insurance companies, medical attorneys and consulting firms. Moreover, there is tremendous upside revenue potential with an aggressive marketing effort by a new owner. There is no legal educational degree required to own / run this business.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.9x EBITDA (Proj.TM). A complete report is included in the prospectus. There is $30K A/P to be assumed offset by $35K in current A/R. The business is pre- qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure an owner operator will obtain over $140k in after-debt cash flow.
A comfortable six months transition period will be provided by an owner who truly wants to retire and who wants to see the business continuing to flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
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