Background - I have bought 2 cleaning businesses over the past 5+ years and am always on the hunt for the next one. But I'm purely opportunistic - inbound inquiry only.
Someone recommended Axial to me earlier this year and after some discussion I signed the contract. They represent themselves as having proprietary deal flow for which a buyer would pay a fee if a transaction originated by Axial were consummated. If they actually delivered quality proprietary deal flow, I'd be happy to pay the fee.
Since I signed up, I have seen very little flow and none that matched my interests.
Then, last month I saw the same deal (janitorial business) 2x in a week, once on BizBuySell and once on Bristol. So imagine my surprise when I also got an email from Axial with this exact same deal in the same week. While that deal is not a fit, I was still curious about this claim of proprietary deal flow. So I emailed my main CR contact at Axial to ask about this - no response.
Then yesterday I got an email from Axial with another cleaning business (this one in Alabama) which is again not a fit. One day later and I got an email from Transworld with exact same deal.
Suffice to say I will not be interacting with Axial at all in the future. But for all you searchers out there, be aware.
Axial - caveat emptor
by a searcher
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
302 views
21 comments
Sign in to see all replies.
Create an account.