Can’t decide if I should move jobs

This might be a long one sorry, TLDR at the bottom

I don’t know why but I just can’t make a decision about a job offer.

I’ve been offered a job in my field for the same money I’m on now but more flexible and predictable hours.

I’m well qualified and work in a somewhat niche industry (hence the vagueness)

I started out working on a very small 1 person plant producing 20 units twice a week, with a direct outlet. We’ll call this spot Riverbank

After about a year I moved to a bigger producer, now making 40 units three to four time a week. I ended up as the manager / main producer here for 11 years. I mastered my trade and made a name for myself in the industry.

I then moved to a semi national producer, making 720 units per week. I run the whole floor, but am still the only person able to produce this product. I have an apprentice and several assistants. I also have to do all of the order picking and loading of the vans and trucks, all the maintenance, problem solving , and a million other jobs. I work 4 x 10 hour shifts a week with 2 hours every other weekend. The shifts are unpredictable and I often don’t really know when I’ll be in from one day to the next. I actually end up doing more like 12 hours a day, sometimes 14, I’ll start at 6 in the morning one day and 11 the next, and then flip flop back. I get a very good overtime rate and this tops my salary up by 5 – 6 grand a year. However my work life balance is not good to say the least. I have a 2 year old.

I’m very proud to be in this position and get on well with everyone I work with (except the owner), although the work load is just absolutely insane at times.

I have plans to start my own production with some friends. I have all of the equipment and am currently securing a location, but this is 2 years down the road if it works out at all.

I’ve been offered my old job back at spot 1, Riverbank. On paper it seems like a no brainer. They’re keen to expand and want someone to head it up. Way less work, the same money (less overtime). Pick my own hours, do what work I want to do when I want to do it.

The person who trained me left 9 years ago and the place has been a bit rudderless since then. The current producer is a nice person but the product they’re able to produce isn’t great. Not their fault just the lack of support they’ve had. They’ve lost nearly all of their customers and now only have their own outlet. Its a niche but competitive industry.

I was exited about the opportunity but after visiting the place I can see it’s in bad repair and looking really dated. It also seems like a toy to me now, not how I remember it at all. It would be hard to make a quality product on this equipment. The current operator was very down on the place, saying “this place is going under, and I’m not going down with it” they also stated they’re on bad terms with all of their suppliers and he can’t get the raw materials needed, and so can’t produce enough to supply their own outlet, let alone other customers. He’s been asking for repairs to be done, but nothing is happening.

Maybe I could turn the place around but Im nervous about the whole thing. I don’t know what I should do.

It feels like a great opportunity but a big step back

I’ll be really letting people down if I don’t take the job, and maybe putting another company under if I leave.

TLDR:
Been offered a job where I started my career. Same pay but better hours and work life balance. The place seems to be going under and I don’t know if I can, or want to save it. Where I currently am isn’t great either, but at least I know the downsides

Any advice would be great