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.