The general rule is that boarding is a barely break-even proposition at best. Itās generally subsidized by the ārealā business (e.g. lessons, shows, sales, training, etc). So are you going to be be able to have time/energy/opportunity to teach enough lessons to make the boarding worth it?
For me, the answer is HELL NO. I was a pro (not a BO) for years, now a happy ammie. Iāve boarded at dozens of barns in multiple countries, and am now on my 7th year of happily keeping my horses at home.
Where you live and current board costs for the area is key. What amenities are other places in your planned price-range offering? What can you do better?
BL: even with BM experience, you might not appreciate how much it costs to keep horses.
I have my own place, but about the size/scope of what youāre talking about (8-10) horses at any given time. over a year, I spend about
hay: 9,000
grain: 6,000
shavings:5,000
tractor payment: 5,400
farm/fence materials and repairs: 1,500
I spend an average of 3-4 hrs a day doing turn in/out, stalls, blanketing, dragging or fertilizing pastures, ring maintenance. (I work full time, so more like 2.5 hrs/weekdays and 6-10 hrs/weekend days) Letās say youāre really efficient and can do it all in 3.5 hrs each day (not including lessons/training rides which would be billed separately). 3.5 hrs/day x 365days x $10= $12,775 and thatās paying yourself pretty little. Can you afford your rent and car payment and groceries on that? Presumably you have a ārealā full time job that actually pays the bills. But the time you spend doing that is time youāre not at the barn teaching, cleaning stalls, holding horses for the farrier, fixing fencing, or dealing with emergency vet/or injuries.
So, if your costs for 10 stalls (with boarders only, no horses of your own) is 150x10=1500 x 12 mos=18,000/yr (this seems high for dry stalls),
So, using my numbers: 9x stalls, 8-10 horses, in central NC cost-of-living, youād be out: $44,900 yr/in expenses NOT including your pittance. Thatās with you doing ALL the work yourself. Plan to pay $15+/hr if you need additional help, but that eats a lot into the budget. If youāre getting $350/month in board, thatās only $42,000 in board coming in (with every stall filled all the time). So youāre not even breaking even, and thatās not even including start up costs:
jumps, stall fans, feed bins, purchase of any tools/supplies (I would not let a tenant use my tools, tractor, mower, etc.). It also doesnāt include things like grass seed, fertilizer, or replacement parts and boards for fencing and barn damages. Barn, arena, and pasture maintenance take a lot of time and expensive equipment.
My math might not be exact for your location, but at first glance, I donāt think your numbers look reasonable. Add in a lesson horse or two, and/or a personal horse, and the math gets even more dismal. You might expect all the boarders to take 2x lessons a week, but theyāll mean well, but then money gets tight, or the horse injured, or work gets busy, and all of the sudden, youāre not getting that planned-on income.
And whatās not quantifiable is the stress of being a BO. Dealing with annoying or entitled clients, people who are always late on board, difficult horses who escape, break fences, kick other horses and are obnoxious to deal with. Iāve had a single boarder a time or two at my personal farm, and itās been okay, but honestly still not worth it. Clients want to see pristine stalls and water buckets any/every time theyāre at the barn. Why doesnāt Princess (whoās a pig in her stall) have more bedding? Can Snookie have a different grain? Sparky needs a very specific blanket according to the weather and hereās a chart and his 23 sheets and blankets. Boarders who havenāt had their own place VASTLY underestimate the cost of horse keeping (farm maintenance costs are a beast) and think itās just hay and grain. And donāt underestimate the time drain.
If you want to be a full time professional in the industry, Iād recommend just working f/t for a good barn in the area as an instructor, rider, or BM. Get a per-hour paycheck or reliable salary, and let the owners stay awake at night wondering how theyāre going to pay the hay bill this month.