HI!
Happy to provide the boarding spreadsheet that I have available as a template. It will only just get you started though- there are so many variables. I have plug numbers in it but you can just make it work for you. I think all my formulas are correct but… I am not to be 100% trusted with Excel!
Please send me a real email because I cannot figure out how to attach a spreadsheet to this coupon message.
My email is missmotivation17@gmail.com
This spreadsheet is handy because it has both income and expenses on one sheet and is pretty easy to customize for your needs. As with any boarding business… the bottom line (almost always a negative number!) is rather shocking.
Hopefully your client knows that horse boarding is, at best, a break-even business under most circumstances. Rental housing, on the other hand, could be a better investment especially if it is in conjunction with land-banking a great piece of property.
My suggestion is to consider if the property could, at least mid-term, be used for what I am calling Co-Horsing… like C0-Housing but with horses!
There are a lot of us older-and-wider-rider horse gals who are not/no longer partnered, but we still like to have a horse around, ride with our barn buddies, and we don’t need a lot of house or yard. Therefore… cohousing with a barn!
Here’s a thread I started on it: https://www.chronofhorse.com/forum/forum/off-topic/off-topic-aa/9703432-cohousing-and-cohorsing
If your client is looking at condos anyway, would it be feasible to keep some or all of the barn/arena/facility and then add the housing element as well? Depending of course on land and rental values, I think it’s possible to create an intentional community (cohousing) for horse ladies (cohorsing) and at least land bank the property for awhile until there is no longer a reason to keep the horse part going. I think there could be interest in a cohorsing situation with the possibility of goats, chickens, and gardens as well: carefree retirement living with a co-op mini farm as well.
As life moves on, goals change. I’m still running a 60 horse boarding stable and have a high school kid but pretty soon… I’m going to want to downsize and would love to either live at, or own, a cohorsing place.
At that point my goal would be to not be dead on the floor for 30 days until someone noticed! I think us cranky horse ladies could actually get along in community… as long as we had our horses.
Good luck with the project… hope the spreadsheet helps/i;; forward as soon as I have an email for you… feel free to ask if there’s anything else I can lend a hand with.
Suzi Vlietstra
www.rdefinc.com
