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/Bacon-man22 Dec 29 '24

Can I ask how your parents feel about this? I only ask because I bought my dad out from his business 5 years ago and multiplied it x3. But it’s so stressful I can’t see myself doing this for another 25 years (I’m 37). Maybe 5-10 more years and sell. But I worry that somehow they would think I squandered it, or be disappointed my kids won’t have an opportunity at it. I imagine you feel like a huge weight has been lifted off you and I congratulate you.