My grandfather opened a store in 1948. My dad took it over in 84. I took possession last year. The store has evolved a lot over the years. Today its a tackle / boat / beach store in a growing tourism area.

Im late 40’s now. Ive worked there part time from 12-16. Started full time at 17. Took over operations (day to day stuff) 15 years ago. Since then i have grown the business from barely breaking 800K to a multi million dollar a year business.

I wont lie. Im burned out and now I’m looking down the barrel of tariffs and online sales.

Manufacturers are dumping inventory right now at 30-40% off. My margins are between 20% and 50% so to compete im having to sell with almost no margin. Its getting harder and harder to make it.

When the 25% tariffs hit i don’t know what is gonna happen.

Im thinking of cashing in and being done with it.

Lets say hypothetically i sold the store for 10 million. What percentage would i have to pay in taxes?

I have other investments to retire with but if i could sustain myself off that it would be great. P