Auto Repair Owner Hits The Jackpot!

[Chuy Reyna]

What would you do?

Would you keep your shop?

Invest in it?

Open a new location?

Or just sell yours?

http://nypost.com/2014/09/05/auto-shop-owner-finds-winning-2-9m-lottery-ticket-in-his-truck/

[xrac]

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[John Pearson]

Build my new building in the location that I want. What I want is almost 1.4 million including the land.

[Shopcat]

We all speculate about "what if...". I know that it is important for me to have a sense of purpose everyday. I think as human beings it is important for us to be productive in contributing in life. I've seen guys retire, lose that love of life. So my answer would pursue a passion that may have been previously unrealistic for financial reasons. Try to parlay the good fortune into something for the greater good that you are passionate about.

[shumsauto]

I would deff build a shop of my dream (about 10 million budget) and continue doing what I absolutely love - running a business and helping people. I would want to have a facility that techs would dream of working in and customers come to have all their vehicle needs taken care of by happy technicians that are proud of their work and of what they do for a living.

I guess it's more of a goal, not a dream. : )

[FROGFINDER]

Every day i wake up IS winning the lottery, Amen.

 

I would set up a trust to recieve the money and allow at least a year and prayer before i made any major changes. I am lucky, I love being around classic cars and repairing cars. I just can't stand the politics.

[Dad's Auto]

I was thinking about this scenario just the other day and actually came up with a plan for it.

 

I would sign the business over to my long term employee. Give him all the tools and equipment and then lease him the building. I think it would be very fullfilling the help him and watch him continue to grow this business and be successful in life.

 

I guessing it will never happen though as I do not buy lottery tickets...

[alfredauto]

The reality of winning a million dollars in the lottery is a take home check of about $30,000 a year for 20 years. Better than nothing but no mega yachts at that level.

[davine4real]

After taking care of me and the family....I'd start to build the type of shop I truly want. Techs that get paid decent $20/hr. Or maybe $650 week to start. Manager to take my place. Shop that offers discounted repair work to those in need at $69/hour. Shop won't make the profits of other shops upfront but once build steam... can survive on its own merit. The shop is to help people first and profit second. But know it would take money to get going because bills would be higher than income at first.