Why Join UsYou know your local market better than anyone. Thus, our goal is to retain your brand, culture and team after partnering. We provide you with the resources of a larger organization while you retain the freedom to continue operating your business.
Here are some of the reasons why you should consider partnering with Domo Service Group:
Retain your established brand, reputation, customer relationships, and culture.
Realize immediate financial gain from your years of building your business by selling us a majority (or 100%) stake.
Allow the value of your retained ownership to increase as we partner together to grow the value of your business OR allow a senior employee to buy into the business as you transition out.
Have a built-in exit strategy for the remainder of your ownership when you are ready to fully retire.
Leverage general business support including back-end finance and accounting functions, marketing programs, capital investments, and group purchasing.
Retain both your brand name and your ability to make flexible decisions in order to best serve your customers.
Our Structures and ProcessesWe allow owners and management to focus on delivering best-in-class service, unburdened by the administrative demands of running a business.
To do so, we work with current staff to create strong operational infrastructure. We help remove repetitive tasks and back-office inefficiencies so management can focus on core business responsibilities. Our network allows our partners to realize economies of scale in purchasing power and to share knowledge and resources within the group for the benefit of each business. Through this collaboration, we achieve unmatched outcomes for each respective business.
We support you with centralized and streamlined support for bookkeeping, financial reporting, taxes, payroll and benefits so you can spend more time with customers and less time on the books.
We know how complicated scheduling, staffing and fleet management can be. We support you with proven processes and software to reduce your day-to-day operational challenges.
We bring marketing best practices and experience in search engine optimization (SEO) to the table. We help you improve your online presence and website visibility to drive more traffic to your business
We support you with centralized and streamlined support for bookkeeping, financial reporting, taxes, payroll and benefits so you can spend more time with customers and less time on the books.
We know how complicated scheduling, staffing and fleet management can be. We support you with proven processes and software to reduce your day-to-day operational challenges.
We bring marketing best practices and experience in search engine optimization (SEO) to the table. We help you improve your online presence and website visibility to drive more traffic to your business
Our ProcessIn most of our partner businesses, we seek a majority ownership interest with at least one other senior employee retaining a minority interest. This allows for a true partnership model based on an alignment of expertise and goals.
The minority partner is often the current owner who retains some ownership with a built-in exit strategy that allows them to monetize their remaining stake over time. We also create opportunities for other key employees to build an ownership interest in the business over time.
Time to get to know each other, hear your story, review your KPIs, and discuss potential opportunities.
If both parties agree on a good fit, Domo Service Group will provide you with an offer. This will include the proposed price and other specifics related to the potential deal.
While this phase involves a lot of analysis, the main goal is to establish a relationship to build a quality partnership from.
It can take anywhere from 30 days to a few months to close a transaction after starting a Due Diligence. We aim to make this process as seamless as possible.
FAQWe aim for as little change as possible on closing day to ensure a smooth transition. This is also a great opportunity for your team to meet ours and begin to understand how we can work together moving forward.
No, we highly value the team you’ve built, recognizing it as a key component of the success of your business. We believe your team is vital for our mutual success moving forward.
Absolutely, you can treat the closing day just like any other working day. You are not required to be at a bank or your lawyer’s office, allowing you to maintain your regular work schedule and commitments.
After partnering with DSG, your business will have access to a wealth of resources. We provide marketing assistance to help you broaden your reach and attract more customers. In addition, we offer operations support to streamline your business practices and finance support to ensure an ideal overview of the financial health of your company.
We pride ourselves in our non-traditional structure and family style corporate culture. We have flexible deal structure options to work with any transition model you might want to consider. Our tailored home services support model gets you back to serving your customers, versus everyday business and management headaches. In short, we provide peace of mind of shared Joint Venture, the benefits of ownership, tailored support for your business and freedom of action without the burdens of heavy day to day business management.
If I do sell, I’d like to sell to my associate…
We want to partner with you and your associate if they’re interested so that they remain engaged throughout the transition. Benefits to them include business and management support while still having an ownership stake and controlling daily operations. They’ll still get annual distributions and oversee the business on a day-to-day basis. Get immediate access to up-front capital by partnering with us!
I am thinking I might be ready in five years…
There are substantial risks to putting off your retirement planning. One or more of your technicians could leave which could substantially affect your business valuation or if you should become gravely injured, ill or perish, your family may be forced to quickly sell your company at a reduced price. Also, most groups will ask for 3 – 5 years of continued presence in the practice to help with transition, therefor your “five-year plan” could easily turn into a “ten-year plan.”
We believe that Domo Service Group is uniquely positioned to help take your company to the next level. With our tailored support, sophisticated software solutions and your trade expertise, we’re partnering for success and growth! Our goal is to help you realize this accomplishment and more, while enjoying less ownership burden, controlling the daily operations of the business and continuing to take advantage of increased distributions and earning as the business grows!
I am concerned about my legacy…
We understand how much work and effort went into building such a successful business. Regardless of the Joint Venture approach we take with you, Domo Service Group is committed to preserving your individual company identity, staffing, branding and culture! Our vision: We strive to build a platform of home service businesses that culturally adheres to the independent principles that made the companies successful prior to our Joint Venture while taking advantage of the benefits of being part of a larger company. We will treat your team as our own and provide them with benefits and ongoing development opportunities.
We always encourage and prefer our partners to have a continued presence in the business and are proud to be able to provide a culture and incentives for them to stay 5+ years and hopefully longer!
We evaluate businesses based on a number of factors, including the size of and profitability of the business, the reputation of your business, the consistency of your revenue streams, your growth potential, and more. We strive to provide a fair and competitive valuation for every business we consider.
We’re glad to hear of your interest. The next step is to contact our acquisitions team through our contact form on our website. From there, we’ll schedule an initial conversation to learn more about your business and answer any further questions you may have.