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New horse boarding question

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        08-06-2010, 09:43 PM
      #11
    Trained
    Also, if you're a boarding barn, that's a commercial operation and taxed as such. Make sure your property taxes won't be more than your mortgage payment.
         
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        08-09-2010, 10:01 PM
      #12
    Foal
    I appreciate everyone's comments. It seems to me that the primary cost will be hay and feed. I would assume that a typical quarter horse (1,000lbs) would eat about 3 square bales a week and at most 2 50lb bags of feed. If I figure a bale of hay at $5 and feed would average maybe $20 a bag I get a total cost of $105 per month.

    I understand I will have insurance, fly spray, bedding, and salt/mineral on top of that so let's round everything up to $150 per month.

    Also it seems vet and farrier bills would be passed on to the boarders.

    Also I would certainly have higher water and electric bills, but don't how I would figure cost on those. Would $20 a month per animal be sufficient? I think the going rate in this area would be $300 - $400 per month. Seems on 10 horses a profit could be made of about $1,500 to $2000. Does this sound reasonable?

    What am I missing?

    The second part of this equation would be time element. I would generally feed and turnout before work. Is 1/2 an per stall a reasonable (Ithink generous) time to muck a stall?

    Thanks again for any insight!
         
        08-09-2010, 10:41 PM
      #13
    Weanling
    If you will be stalling horses, bedding costs an arm and a leg, too. With 15 horses, our bedding bill is over $400 per month (we use baled pine shavings - like the consistency and scent). To do this all yourself while working full time will be a major strain on your personal time and family life. I can't stress this enough. What does your family want? You havn't mentioned that, at least that I recall. Also, what exactly is your horse handling experience? You need to consider whether or not you'll allow stallions. If you do, will you charge more? Whether or not you'll allow young'uns who may not be trained? What level of training do you expect the horses you handle to have?

    I'm not too familiar with Kansas, but don't you guys have pretty cold winters to the extent that you'd have to worry about water freezing over? In Mi, where it is below freezing for 3 months straight (that is a low estimate), we can count on our electricity bill being over $900 a month with tank and bucket heaters running ONLY during the times the animals are in the stall (bucket heater) and outside (tank). You can cut costs by dumping/refilling tanks throughout the day, but you'd basically need to be at the farm ALL day to make sure you don't leave your horses out without water. In the summer we are consistently about $190 a month, so it more than quadruples our bill!
         
        08-09-2010, 10:44 PM
      #14
    Green Broke
    You are forgetting to pay yourself, money to repair and fix things that break, upkeep of fences and arenas etc. There are days when I go help at the barn and the two of us working together all day can't get all the catch up stuff done.
    I'm not saying don't do it, I'm saying realize it's serious work on you.
    Posted via Mobile Device
         
        08-10-2010, 08:39 AM
      #15
    Foal
    Quote:
    Originally Posted by leonalee    
    If you will be stalling horses, bedding costs an arm and a leg, too. With 15 horses, our bedding bill is over $400 per month (we use baled pine shavings - like the consistency and scent). To do this all yourself while working full time will be a major strain on your personal time and family life. I can't stress this enough. What does your family want? You havn't mentioned that, at least that I recall. Also, what exactly is your horse handling experience? You need to consider whether or not you'll allow stallions. If you do, will you charge more? Whether or not you'll allow young'uns who may not be trained? What level of training do you expect the horses you handle to have?

    I'm not too familiar with Kansas, but don't you guys have pretty cold winters to the extent that you'd have to worry about water freezing over? In Mi, where it is below freezing for 3 months straight (that is a low estimate), we can count on our electricity bill being over $900 a month with tank and bucket heaters running ONLY during the times the animals are in the stall (bucket heater) and outside (tank). You can cut costs by dumping/refilling tanks throughout the day, but you'd basically need to be at the farm ALL day to make sure you don't leave your horses out without water. In the summer we are consistently about $190 a month, so it more than quadruples our bill!

    Again thanks for the insight. Bedding is something I don't have a great idea what the cost would be. I know of several places tht buy it in bulk and obviously it can be bought in smaller quantities. It seems your cost is about $27 per animal a month. I think I have enough extra in my calculations to cover that. The time envolved is a major concern. I think (not always my greatest strength) that for the most part this would be work I love. As far as the family is concerned they (mostly my wife at this point) would have to be envolved. I am self employed in the insurance business now and am think of going to a 4 day work week which may help. Right now my wife is a stay at home mom that does a small daycare. The daycare would no longer exist if we did this. I have three kids that are are 8 (girl), 5 and 2 (boys). The oldest two would be in school most of the day. I grew up on a farm. It was cash crop and beef cattle. We did have horses throughout my childhood and I have raised and trained a quarter horse. Once I went to college I left the farm behind. So I am a bit worried about level of experience though I have been doing quite a bit of research. My wife thinks this is something she would enjoy though she hasn't any experience. As far as the children go, this is an experience I want to give them. Definitely a big question which is one reason I am here. I would not allow any stallions at this point and we would not be providing any training. I would expect all horses to be easy to catch, train to lead and stand for vet/farrier, ect.

    It seems we would have an average of about three month that we would need to heat water or break ice. All three of those months have average highs above freezing. The are: MonthLowHighJan17.2F37.2F
    Feb 23.0F43.8F
    Dec 21.8F40.9F

    My larger concern was lights and fans. I didn't even think about heaters.

    If turnout was most of the day I am positive I have plenty of hay budgeted. I have always thought a average sized quarter horse would get about 2/3's of a square bale per day. IS that an accurate statement?

    Thanks again for the information and advice.
         
        08-10-2010, 08:48 AM
      #16
    Foal
    Quote:
    Originally Posted by cakemom    
    You are forgetting to pay yourself, money to repair and fix things that break, upkeep of fences and arenas etc. There are days when I go help at the barn and the two of us working together all day can't get all the catch up stuff done.
    I'm not saying don't do it, I'm saying realize it's serious work on you.
    Posted via Mobile Device
    The profit would be our pay, though initially it would go back to facitlities and building a small slush fund. I have also thought about having a teen or intern to do some work. We could easily have enough space (about thirty acres of pasture with a pond ) to pasture board about 10 horses. I would limit it to 10 as I would need some of this space for turnout of the stalled horses. I think with this that would bring in an aditional revenue of $1250 per month with very little cost.

    Anyway those are my thoughts...
         
        08-10-2010, 09:33 AM
      #17
    Foal
    I am telling you this As a boader not as an owner. Do not do the bare minimum of care for the barn. Keep it up and looking nice. And the for the acres it is commonly said that you need 1 acre for the first horse and 1/2 acre for every horse after. Have 4 different pastures so that horses can be turned out on one and let the others grass grow. Get a lot of book nutriton and handling as well as keeping horse books. Never just decide to do it and not do your research.
    Posted via Mobile Device
         
        08-11-2010, 09:09 AM
      #18
    Foal
    Quote:
    Originally Posted by rosethorn    
    I am telling you this As a boader not as an owner. Do not do the bare minimum of care for the barn. Keep it up and looking nice. And the for the acres it is commonly said that you need 1 acre for the first horse and 1/2 acre for every horse after. Have 4 different pastures so that horses can be turned out on one and let the others grass grow. Get a lot of book nutriton and handling as well as keeping horse books. Never just decide to do it and not do your research.
    Posted via Mobile Device

    I appreciate that point of view as well. My goal would be that most of the money the initial year or so goes into renovations, upkeep and equipment. For example currently the indoor stalls are pipe fencing stalls. I would think that needs to changed to normal stalls ASAP. The outdoor arena appears to be huge while the indoor arena is rather small. I would also want to build cash reserves so quality wouldn't be effected if or when a few stalls were empty. It seems to me thatmost barn operators are saying that this isn't a way to get rich. I would agree that if this were to be my only income it would be pretty tough. With it being a secondary income I think it could make a nice little profit (granted with alot of sweat equity). The place is currently over grown and not well kept (I think it may be vacant). Saying that a few weeks ago the current owner had an ad on craigslist about boarding openings, though now the posting has been deleted by the author.

    Anyway at this point I wouldn't do anything until the spring and it may not be or sale by then. I think the house and buildings are worth more than the asking price. Plus t the land is probably worth another 70-80k. I think the condition and economy are my ally at this point.
         
        08-12-2010, 11:29 AM
      #19
    Foal
    Arrrh! It appears the property has sold. I was hoping given the condition and the economy it would be on the market next spring when I might have been in a better position to do something.
         

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