Kansas Body Shop Owner to Keep Working Despite Winning $5.26 Million Jackpot - BodyShop Business

Kansas Body Shop Owner to Keep Working Despite Winning $5.26 Million Jackpot

A report out of the Joplin Globe of Pittsburg, Kan., says a body shop and towing business owner won a $5.26 million Hot Lotto jackpot but is not going to stop working.

“I’m most comfortable where I’m at, getting
in my wrecker and going out on calls,” said the 59-year-old Larry Barrett. “I’ve been that way since
I was 3 years old.”

Barrett, who has owned Larry Barrett Body Frame and Towing since 1971, said his parents instilled a good work ethic in him and his four other siblings. 

Barrett could have opted for the grand prize as an annuity paid over 24
years (25 payments), or a cash lump-sum payment. He took the lump-sum
payment, which is $3.2 million, minus 25 percent in federal taxes and 5
percent in state taxes, for a total of $2.24 million.

“If I was younger, I’d think about taking
the annuity,” Barrett said. “I’m 59 years old. I’ve had open-heart
surgery. If I took the annuity and died tomorrow, it doesn’t go to my
family. And I don’t think that’s right.”

“The most I’d ever won was $200 on two different tickets,” he said. “I’m pretty much done with it now.”

You May Also Like

Body Bangin’: Easily Find and Add Non-Included Operations

Live from the Southeast Collision Conference, Micki Woods interviews Scott Ayers on the Blueprint Optimization Tool (BOT).

Micki Woods, master marketer for collision repair shops and owner of Micki Woods Marketing, is kicking off a series of daily podcasts from the Carolinas Collision Association's Southeast Collision Conference which took place April 18-19, 2023 in Doswell, Va. This series is sponsored by Lombard Equipment, which offers a premier line of automotive collision repair equipment for all your OEM certification needs.

Body Bangin’: Train Those Apprentices with Keith Egan of BeTag

Live from the Southeast Collision Conference, Micki Woods interviews Keith Egan of BeTag on developing your own techs to higher skilled positions.

Body Bangin’: Common Pitfalls When Buying Equipment

Live from the Southeast Collision Conference, Micki Woods interviews Kevin Lombard and Dave Caron of Lombard Equipment on the do’s and don’ts of buying equipment.

Body Bangin’: SE Conference Hot Takeaways with Blake Farley

Live from the Southeast Collision Conference, Micki Woods interviews Blake Farley of Relentless Collision, an MSO in North Carolina.

Body Bangin’: Bridging the Gap in Scan Tools with Joe Maitland

Live from the Southeast Collision Conference, Micki Woods interviews Joe Maitland of CAS on how his diagnostic scan tools bridge the gap between aftermarket and OE scan tools.

Other Posts

Body Bangin’: Stop Subletting Calibrations with Josh McFarlin

Live from the Southeast Collision Conference, Micki Woods interviews Josh McFarlin of AirPro Diagnostics on doing calibrations in-house.

Body Bangin’: The Biggest Opportunity with Frank Terlep

Live from the Southeast Collision Conference, Micki Woods interviews Frank Terlep of Opus IVS on why ADAS calibration is the biggest business opportunity the collision industry has seen in the last 20 years.

Body Bangin’: The Golden Rule Doesn’t Work with Mark Olson

Live from the Southeast Collision Conference, Micki Woods interviews Mark Olson of Vehicle Collision Experts on keys to understanding people.

Body Bangin’: Stop Estimating and Start Repair Planning

Live from the Southeast Collision Conference, Micki Woods interviews Michael Bradshaw on creating a thorough repair process.