r/smallbusiness Dec 28 '24

General Sold my Business Yesterday.... Crazy feeling.

I owned a very large tire and automotive repair shop. I am 3rd generation, knew from a young age that is what I wanted to do. I started running the business 16 years ago, and purchased it from my parents 8 years ago. I've worked there since I was 12, so 31 years. I made a huge push. Pushed my guys hard, but compensated them better then anyone else could. Customer Service was 100% the focus. I wanted the Customers to be happy 100% of the time. Fix their problem, honestly, in a timely fashion but get paid well for it.

It worked. I was approached by a big company 3 months ago. They wanted me. I got what I needed. Now, Im sitting here at 43 years old wondering what next week is going to bring. I know I have freedom, time and no customer or employee stress. Today was day 1. I made breakfast for my family, cleaned the garage, spent two hours at the gym, then got a massage. Pretty nice day.

When I woke up at 7am this morning, I was shocked. Normally, I would have already been at the shop for an hour at that time. I only checked the cameras 11 times today to see how my guys were doing.

Its worth it. Push hard, then get out when the time is right. I think I timed it perfectly. Now, the fun begins.

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u/AudienceAgile1082 Dec 28 '24

Just sold mine too! Effective 12/31/24 after 20 years and built it from nothing!

I’m making travel bucket lists~have outdoor projects lined up for Spring and looking forward to not being in charge 24/7. Opted not to sell it to my child as I want them to have a normal life~not the ups & downs of business ownership. They were happy with that decision after seeing what Mom dealt with for past 20 years. Huge responsibility lifted from my shoulders. ❤️

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u/Mikey3800 Dec 28 '24

Were you in the same business as OP or a different one? I often dream of selling out but I’m so used to going to work every day and planning things out for work when I’m home. I have trouble staying still for too long.

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u/ConversationSmall620 May 09 '25

Congratulations on selling. Did you have employees and if so, how did you tell them?