One of my clients (I give her lessons and train horses) just opened her own facility a couple of months ago. She has slowly built up some business - 7-8 boarded horses, has an indoor that she rents out for shows etc. She definitely has room for more boarded horses - has a main 8 stall barn, a 5 stall shed row, another 2 stall barn and room to put in quiet a few runs with shelter and/or another barn. The property is about 60 acres - 35 - 40 that is cleared.
She is having some health issues, and also has a mother that is getting up in her age (82) that lives in another state.
She asked today that if she had to leave, or could not physically look after the place anymore would I consider taking over.
A place like hers has always been my dream, but not something that I could ever afford.
So here are my thoughts...
What should I expect compensation wise - a Salary? Or to take over income and expenses and pay her a lease/month?
If I am there from 9-5 each day I could give lessons (she does hire help to clean stalls etc, so I would not have to necessarily spend all of my time doing that). I would consider hiring help to look after the place on Sunday.
There is a house on the property, but me moving there is not an option as I have a husband and children and we have our own small farm. I am 10 minutes away.
She asked me just to think on it, so when I do approach her about this I am trying to think of what would work best.
What would a lease on a facility like this in not huge horse country be?
Oh, and she also has 6 horses of her own that would have to be looked after (Maybe 1 I could use in my lesson program).
Please feel free to ask questions as I know that I have left a lot of blanks.