The short version: Bar disaster, we will be buying a horse property this spring. Like scarily soon. I currently own and board one show horse. I am desperate to bring him back home. I have kept horses at home previously, including running a small lesson program and pasture boarding some off the track horses and brood mares. Do I buy two+ horses or offer board on a small scale say two to four spaces priced in the upper range of the going rate for the area? I will not be doing the mini / donkey / pony companion thing; btdt no thanks.
More details - the extended version
Price, size, and amenities of the property will be the same if just have personal horses or if I offer board. I will be hiring part time help either way. I work full time in an office and would maintain that career. It seems to me that offering board would be less costly than owning multiple horses but be more work / time / inconvenience. Anyone have experience with a similar situation?
Marketable features of my futuristic farm. Excellent location convenient to residential areas and employers of potential clients. Good combination of amenities: lighted arena, indoor cross ties and wash rack, safe stalls and fencing, and good grass turnout 12+ hrs a day. Nutrition program based on quality and science. Good forage first in ample amounts and quality concentrates second. Currently there is no facility that offers all of the above. The client must compromise on one or more.
Drawbacks. No full time trainer on site. Outside trainers will be allowed within reason. My own trainers will be traveling to my farm semi regularly and would be open to additional students. Horses will be alone during the day while SO and I are at work. No crazy blanketing services available. I live in FL and think blanketing is almost always excessive here. No holding services available. I would include holding for farrier and standard twice a year vet visits if using my provider on my schedule only. Any thing else would be on the client. I don’t care what providers they use though. No rehab services available. At most I could do twice a day wound / abscess / medication type care and temp stall rest, but it would be an extra cost to client. No permanent “special care” ie 24/7 stall, soaked hay, individual turn out, must live on dry lot type situations.
Are there any other main categories of services or amenities that I haven’t covered with the above categories?
Other thoughts. Barn would be open 365 days a year. Negotiable operating hours. I’m not sure if I would be able to have a trailer space for every stall. Anyone sitting on a horse must wear a helmet. No exceptions. There will be no children riding horses. Possible exceptions for the odd out of town visiting minor relative and if selling a horse. The clients I want are adult amateurs. I’d probably llc the little boarding business and lease the property to the llc. I work in finance currently and have a background in book keeping and office management so I feel equipped to run a business. I have not yet looked into insurance costs. Any ideas on costs or suggestions for providers?
Niche market amenities. No kids. No lesson program taking up the arenas. A covered arena which is very rare in our area. Round bales fed on platform under a roof with footing around it (no rotting hay bales sinking into a mud hole) which is also very rare in our area. Increased turn out in spring through fall would be available for those who wanted it. Perhaps year round depending on which property we buy.
Horses are, in general, a poor business decision. But SO and I keep coming back to the fact that we would build the same barn, arenas and turnouts solely for my personal use. The only difference would be extra parking for clients and including a bathroom in the barn. What am I over looking? Would I truly be better off to just find a few more horses to buy and suck it up?