I am now, have been and will be wrong

I had the opportunity to talk with an entrepreneur in a smaller market. The size of the locality provides the company with a ready made niche. The Company will probably never be one that will make investors wealthy, or change the world. However, it does provide the entrepreneur, employees, and local businesses with a stable source of income. Lifestyle companies, while being bad vehicles for professional investors, are fundamental to the economy and well being of many families. It’s not just the entrepreneur’s job at stake, all the employees, and their families, as well as the restaurants, service companies, etc. in the neighborhood that benefit from the success of the company.

A lifestyle company works very well for the entrepreneur and the founding team. Just don't confuse this type of company from an investment vehicle. The demands, requirements, and exits are very different.
Besides, if you're clearing $800K a year, do you really want an investor to mess up the cap-table?