Pros
$$$ I could also say that you learn to run a business and develop a plethora of marketable skills, but that would be an over-statement.
Cons
I am finally free of the burden of being a DM and I can honestly say that I am able to truly enjoy my life for the first time in years. I don't get immediately anxious when my phone rings. I sleep through the night without the possibility of being woken up by an alarm call. I don't worry about what's happening in my stores every day of vacation or spend the last day of any time off dreading the mountain of things that will be waiting for me when I walk in the store. I am able to spend holidays with my family and actually maintain relationships and friendships. I didn't realize how much I gave up to be a DM until I was just me again. I no longer associate most strongly with my professional self which is a huge relief. Instead I am able to relate to people on new levels and be more emotionally available for my friends and family. I will say that your experience relies heavily on your director, most of whom are white men who were promoted either out of necessity or because they shook the right hand. I cannot express enough the supreme lack of diverse representation across upper management.