No 1 on the list is a Feasibility Study. This involves finding out rates for similar type facilities, is the community large enough to support another stable. You need to thoroughly check out the facility with regards to condition and factor in the cost of bringing it up to snuff. You also need to know the cost of feed and bedding brought in. Inquire as to the cost of electricity to power the place summer and winter. That all has to be factored in. There will be set costs and variables and once those are tallied you need to add a 30% cost over run. Whether you clean stalls and feed or hired help does, (good luck there) your wages need to be factored in when figuring out the price of what to charge your boarders. As previously mentioned, the iron clad contract is a must and the best person to draw that up is a lawyer, a necessary additional expense. A boarding facility should show a profit, it's a business and if it can't, it's time to get out. It needs to be run as a business including any state licensing that may be necessary.
Last edited by Saddlebag; 10-13-2013 at 08:20 AM.