Today is a bittersweet day for me. After three years of owning and operating my dive shop, today is my last day as owner and operator. I have sold the shop and the new owner takes over Monday (I am giving him 4-6 weeks of training starting Monday). I am happy to have sold the shop, but I will deeply miss the amazing staff and guests I have been priviledged to work with over the years.
I sold because what attracted me to owning my own shop in the first place has not materialized as expected. I have not dived for over a year (with the exception of a few training dives), I am tired of 10-12 hours days, seven days a week. I put my heart and soul into the business, but at the expense of not being able to actually "enjoy" living in paradise took its toll.
I did not sell because the shop was not profitable. In three years of ownership I have raised our certifications over 30%, and our fun dives went up over 25%. The shop showed a profit in each of the three years that I owned it. The growth actually overwhelmed me, I thought I would be able to go out and lead dives and do some teaching, but I have been so busy actually running the shop and working with our staff that my plans never materialized. For those that say that the dive industry is in a decline and it is not profitable, I would argue that it can be if you are willing to put in the hard work and provide top-notch customer service.
So what's next? I have not figured it out at this point. I know that I want to take a year and actually enjoy living in the tropical paradise and work on applying to CD school (I need to audit 4-5 IDCs). The new owner has expressed an interest in hiring me to do all the professional level training.If that doesn't work out, I guess I could always move back to the States (I miss cave diving!) and go back to teaching college English.
I am not really sure why I posted this, but it feels good to get it off my chest.
I sold because what attracted me to owning my own shop in the first place has not materialized as expected. I have not dived for over a year (with the exception of a few training dives), I am tired of 10-12 hours days, seven days a week. I put my heart and soul into the business, but at the expense of not being able to actually "enjoy" living in paradise took its toll.
I did not sell because the shop was not profitable. In three years of ownership I have raised our certifications over 30%, and our fun dives went up over 25%. The shop showed a profit in each of the three years that I owned it. The growth actually overwhelmed me, I thought I would be able to go out and lead dives and do some teaching, but I have been so busy actually running the shop and working with our staff that my plans never materialized. For those that say that the dive industry is in a decline and it is not profitable, I would argue that it can be if you are willing to put in the hard work and provide top-notch customer service.
So what's next? I have not figured it out at this point. I know that I want to take a year and actually enjoy living in the tropical paradise and work on applying to CD school (I need to audit 4-5 IDCs). The new owner has expressed an interest in hiring me to do all the professional level training.If that doesn't work out, I guess I could always move back to the States (I miss cave diving!) and go back to teaching college English.
I am not really sure why I posted this, but it feels good to get it off my chest.