What do you guys think of this?

My family started a big corporation 3 years ago. Because of some set backs we started with $1500.00 start up capital instead of the $50,000.00 that was in the budget. Well it has been a long hard 3 years and my dad thinks we need to sell the business now while everything is good cause we run a risk of losing it in the near future. It cost about $500,000 for the building, land, and equipment but it is now worth $1.6 mill. He says he will sell it pay everything off and still have a couple hundred thousand left over. We plan on opening the same type business only on a smaller scale only this time we will have plenty of capitol and sence it will be on a smaller scale we can offer a lower price and more of it will be profit. Im only 22 and i know im a bti young but it still worrys me but this will help all the family get out of debt and start over only better this time. Does this all sound like a good idear or what? I would rather sell it for something than lose it and get nothing.