​I think I might be done

I say this every year around this time but I think I am ready to get out

I run a fence installation business and I am exhausted. 300k revenue, solo operation except for some part time labor a few months of the year. Professional bookkeeping for the last 3 years. 120k taxable income as an LLC. I bought this company from my former boss 12 years ago for $30k, mostly the value of his truck. At that time the business did $100k revenue with no profit. I was young and didn’t have any business getting into business.

Now, Good branding, huge lead volume, but I don’t have the energy to staff and grow to get myself off the tools, nor the desire. I either keep it small or I sell it/close it. In the last few years I went through a huge burnout and discovered I have adhd and struggle with executive dysfunction that make admin tasks difficult. Wife and I have been simultaneously building a farm business and I wanted to get that more profitable while also growing the fence company to a more sale-ready position, but I’m afraid I don’t have the bandwidth.

I think this business has value but I understand that right now I just own a job.

There’s no way I will sell assets and shut it down, because I can make more money doing this solo and part time than I could make elsewhere. But I have pushed so hard the last few years I don’t really know what to do. This is my first year taking s-corp election and now I’m dealing with putting myself on payroll and I just feel like I am creating a monster that I can’t keep up with. I wanted my boys to be out there building with me in a decade but if I’m a stressed out jerk between now and then, they won’t want to. So I can stay small and keep abusing my body and mind until then, I can try to learn how to become a leader, or I can get out.

I guess what I want to know is, is there ANYONE out there who has sold a similar business and could you share your story?

submitted by /u/Sisyphean_ambition
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