Considering setting up a small boarding facility
So after moving around to a few boarding facilities in my area and each time coming away dissatisfied I am looking into setting up my own small place.
I've only just moved to a new barn a few months ago and what seemed like a really good place has quickly lost it's shine. The BO is overly controlling and all of the perks seem to have vanished.
So, there is a small property/plot of land. Maybe around 5-10 acres, just up the road from the barn i'm at now. It looks to have a barn on the plot and is just across the road from the metro park/trails. Obviously i'd have to look into the price of the place and speak to a realtor and what not first before making any hard and fast plans but i'm just getting started on my research. I do have a full time job and am a part time student but i'm used to balancing lots of different things at once.
So, is there anything I would need to consider if I went ahead and decided to do this? I would have to set it up as a business, I wouldn't really expect to make a profit I would be happy if it sustained itself.
So far i've got:
Mortgage payments and how to make them.
Board for each horse
Pasture size/possible fencing of land to accommodate the herd
I already have 1 friend with 2 horses who says she'd be a boarder, she also doesn't work due to a medical condition so i'm sure she would be a 'manager' in exchange for 1 of her horses board. I have another who is looking to move and one other who is moving to the barn I am at now but maybe be willing to relocate since she doesn't need the indoor and only really rides every so often.
Am I insane to even be thinking about this?
I work for my dads company and he's always looking to get into new things, I might talk to him about investing some up front capital if I go ahead to get it started. My brother also has his own small business and he's already said he'd be willing to help.