International translation agency

An international translation agency with B2B clients (+/- 200) throughout Europe and a network of about 100 translators in various language combinations. The majority of the clients are from the tourism and real estate sector, but over the years clients from other sectors have been added.

Revenue
Revenue will grow to +/- €150,000 this year, with a margin around 50%. 70% of the revenue is from frequent (monthly) returning clients (+/- 25).

• Fiscal year 2018: Revenue: 180,000
• Fiscal year 2019: Revenue: 131,000
• Fiscal year 2020: Revenue: 79,500 (i.e. corona).
• Fiscal year 2021: Revenue 107,000
• Financial year 2022 expected revenue: €140,000/150,000

Details
Because of the setup of the business, and that all communication with clients is done via email, the business can be run from home, but in fact from anywhere in the world, and the costs are very limited. The 2 owners together work about 25 hours per week on the business (+/- 12 hours per person per week). This is only coordinating work (no translation work).