What are the In's and Out's of running a boarding stable?
-For starters I am only 16, but this is a future dream of mine and I've already been researching the passed year and a half about the In's and Out's of owning a boarding stable.
-I graduate high school January of 2014 and from there plan on going to a 2-year college for buisness and marketing so I have a good feel and way to handle owning my own buisness (boarding stable). Since the only college in the state that offers Equine studies is 5 hours away and with my horse and everything else I cannot afford to move that far for 4 years.
-I plan on saving money from now until I reach about $100,000-$200,000 to start the boarding stable with.
-After college I plan on moving to somewhere around the area of Mauston, WI. Which is where my parents have hunting land and plan on moving to when they retire. Land up there is HIGHLY reasonable in price. I've found multiple properties of 40 acres priced between $30,000-$60,000
- I've already got my barn drawn up and approximated on how much I will be charging for board and how many paddocks, dry lots, and pastures I will have.
- Facilities I plan on are a 26 stalled boarders barn with 3 groom stalls, 1 hot/cold wash stall, roomy tack room so everyone can have a tack locker, feed room, hay loft, lounge/viewing area, and a connected indoor arena. A outdoor arena, round pen, 3 large pastures/fields enough to hold 20 horses with room to spare, 8 roomy privite paddocks(outdoor board option #1) 6 paddocks able to hold 6 horses with room to spare, 4 dry lots able to hold 10 horses with room to spare, 2 storage pole barns, a 5 stall private barn (for my horses & any "future" family horses) with a connected dry lot. This is only what I've come up with in my head, once I see the property and if available room will deffiantly add more pastures and paddocks. For more grazing rotation purposes. I plan on having all this on 30-40 acres of land as well as my custom designed home which I've already got drawn out. (I have a hobby of drawning floor plans of homes and stables since I was 6 and now with a program of my own and after taking classes in school I have drawn out and designed my dream home and barn.)(Many say I may be 16 but I am wise beyond my years)
I am looking for Insurance info, Liability info, Average yearly Costs, writing up a business plan, etc.
As well as any other information or comments you can supply me with so I can make this dream into a reality.