Right now there are PE companies buying restoration franchises - probably private companies too. Hard to say if this will still be a hot market when you’re ready to sell. In my experience an owner has a lot more control to build and grow a company than they do to sell it - till you get up above 50M revenue. So here’s how I’d think of it.
You’d be giving up a lifestyle you like in a place you love.
Unknown how the move would affect your SO and your relationship with your Dad (sometimes taking over Dad’s company changes things a lot - sometimes not).
The benefits are you’d get to scratch an itch of getting your hands dirty. And maybe get a chance to strike it rich if you grow it and sell it. You didn’t say if your income would go up or down right away. Does Dad’s post tax profit include a salary to him? If not, that needs to be factored in but it’s also a pink (maybe red) flag that he’s playing fast and loose with the books.
They say there are 2 kinds of jobs - one you take a shower before work and one after work. $5M in construction is some of both but be ready to be in the field. You’ll make more? less? than you make now? Some of that depends on the arrangement w/ your Dad, if there’s debt to pay etc and how well he keeps the books. If you nor he have ever bought / sold a company before there’s a lot of things you need to pay attention to for it to be “fair” things like who owns the AR and AP? How will you deal with maintenance of equipment if he’s been deferring it? What if employees decide to leave? It’s not a clean as buying a car or a house.
I work with a searchers who come from PE or banking and buy a blue collar company and it’s a real culture shock. It can be quite lucrative - at least after the loans are paid off but there are a lot more things that you can’t control. And it often gets worse before it gets better. Happy to have a 1:1 conversation - DM me if you want or email john@CEOBootCamp.com
You could sell it. You could scale it back so you’re not so drained by it. You could hire someone to do most of the tasks you hate. I did that and moved 1,500 miles away from my company. This was in the 90’s when the internet wasn’t what it is today. This is not simple but certainly possible. Many people I work with now own remote companies. Yours seems big enough and profitable enough.
And I’d suggest some coaching or therapy for stress relief. Whatever route you take will be easier if you can detach emotionally.