SOLD! Cleaning Business (in Voluntary Administration) – Adelaide

Under instruction from Stuart Otway and Travis Olsen, Joint and Several Administrators, Xcllusive Business Sales have been appointed to sell this business as a going concern.

The commercial cleaning company called Laurinex Cleaning was founded in 2015 and has enjoyed a generally successful operation for the past nine years. With revenues peaking around $1.7mil in 2022 and now steady at approx. $1mil, there is a solid database of clients being serviced by approx. 30 cleaners.

The business is Adelaide-based and employs all cleaners under the Industrial Award system and there are key staff members that handle customer liaison and staff processes and well-being. Some contractors are used for specialised cleaning.

This business has strong foundations through;

• Good client list
• Experienced cleaners
• Great Branding
• Well positioned in this industry sector
• Annual sales approx. $1mil
• Administrator Sale

This business is in Voluntary Administration so an urgent sale is sought.

This business should appeal to anyone already in the cleaning industry and looking to grow their client base and apply their own proven business protocols to return this business to profitability.

Asking price: This sale is by Expression of Interest and a price guide of $300,000 is provided for interested parties. The Expression of Interest will close at 4 pm on Thursday 29^th August 2024. The Administrators will be the final arbiters on the successful EOI.