Would you sell up?

I wouldn't be thinking of retiring on a million anyway!

Could you start up another one if you sold this one?

If it was me, I'd also have to consider how I might feel in 10 years if I was walking by the business. It would annoy me to see someone else running what I had created unless I had used the proceeds for something else specific. But that's just me.

Is your business fairly recession proof or would it come under much pressure in the coming big squeeze?

There's nothing really out there to invest the proceeds into. Probably best to stick with what you know

You know the business best, if you don’t sell is it going to continue to move forward or are you potentially at the limit of its opportunities? If it has room to grow and you want to push it on then hold on, if it’s at its limit I’d be more inclined to sell, especially if you have something else you would be interested in. Are there any opportunities for retaining employment/management if you sold it? Would you be open to that?

I guess ultimately if 1mill is undervaluing it don’t sell, if it’s over valuing it sell it quick!

Do you enjoy the work? Is it strenuous or stressful? Long hours? Away from family? What age profile are you and do you have significant costs coming down the line I.e getting kids through college.

If you enjoy it and the lifestyle that comes with it why not keep at it….

Could consider bringing a partner on board as the year go by. Spread the workload and the reward.

Could you go 50/50

Sell it and buy a 100 acres somewhere obviously

Ignore rest of my post if you like but TALK TO A FINANCIAL PLANNER

My instinct would be not to sell.

The no pension stands out to me. It would be trivial at 100k salary to pay low tax rate, pay yourself 40k ish, take another 10k ish in expenses and pay 40k plus into a pension.

You'd build a nice wad quick enough in 10 years and not pay any high tax, while still paying prsi for future public pension.

This is assuming you have a limited company.

If you are taking 100k from it, and not stressed by it then keep trucking but start planning what’s next so that in 5 years time you don’t be here with the same decision.

It'd want to be all gutted and redone to modern standards. Then you probably have the troubles withstanding of a listed building. But if done right it'd be a fair mansion. You could invite the Collison brothers over to a gaff like that.