Considering setting up a small boarding facility
 
 

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Considering setting up a small boarding facility

This is a discussion on Considering setting up a small boarding facility within the Horse Boarding forums, part of the Barns, Boarding, and Farms category
  • Setting up horse boarding facility
  • Best barn set up for boarding horses

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  • 1 Post By Joe4d

 
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    12-23-2011, 10:51 AM
  #1
Weanling
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
Hay costs
Feed costs
Water costs
Electricity costs
Liability insurance
Property insurance

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.
     
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    12-23-2011, 07:57 PM
  #2
Green Broke
There is a big difference between 5 and 10 acres. It does seem like a good location. I would make sure you can manage it with just your horse. That's all you can count on. As far as the friend. I would charge her a fee, then pay her a salary. Even if the two amounts end up the same. Better to keep them separate.
Assuming 10 acres. On that type of place I would build a nice secure peremeter fence. Then subdivide into 3 2 acre fields. Keep 4 acres for the barn and your use. In the three paddocks put in a run in shelter and small prefab shed. Then instead of boarding horses you lease the field as is, with no claims to its suitability for any particular use. Would be completey self service facility. Lots less work for you. You wouldnt be making a ton of money but getting 3 renters in combined with the money you are not payiing another barn you should at least cover expenses.
csimkunas6 likes this.
     
    12-23-2011, 09:18 PM
  #3
Weanling
Thanks for the input. I'm not entirely sure how big the lot is, I tried to look it up online but i'm just going to have to go and get the phone number and call about it. The size of the lot will really dictate how it would be best used. I like the idea of run in sheds in each field. That would be nice. Self serve too would be good except i've heard horror stories from barns that do that and when owners don't turn up it turns into such a fiasco with feeding/cleaning etc. It's something to think about though.

The location couldn't be better, miles of trails right at the door step, and loads more just a short trailer ride away.
     
    12-26-2011, 10:25 PM
  #4
Weanling
Here are the questions you need to ask.. what is your living situation now? How much are you spending on living costs (rent/electric/gas etc)

How much is the property for sale and how much would rent be there along with electric? I don't think people realize how much boarding horses costs.. my boarders all seem to think I must make millions LOL.

It basically works out that if I give the electric and water away for free. I make 100.00 a month per horse... to go out 365 days a year.. for about a min of 6 hours a day to feed/clean/turnout etc etc. that doesnt take into consideration repairs for fencing.. stall repairs.. etc.


Are you able to cover the cost of the mortgage and living expenses at the place? If so.. what is board in your area and can you compete at that price? Do you offer the same amennities... arenas? Etc?
How much will it cost you to feed the horses... grain costs.. hay costs... bedding..?

What will you PROFIT from the horses each month and do you have the time/money to invest to start out.


I always joke with people asking them if they know how you have a million dollar horsebarn... you have two million
     

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