Considering a Horse Boarding Business? Part 2
You may be looking at one of the many Florida horse ranches for sale and imagining what you could do with its many fields, beautiful trails, and extra stalls. A horse boarding business may be top of mind. However, understand that a multitude of responsibilities accompanies a boarding business. Dealing with horses and their owners can be very demanding, therefore running a horse boarding business requires owners to have certain attributes to be successful.
If you have experience with horses, the time and financial resources to back your operation, and can interact well with customers, then you may do well in the business. This article concludes our series, visit part one for the beginning of the article.
What Services Will You Offer?
If you live in a good area where you can attract many clients, you have the potential to make a really great income. What you offer will depend on your target market and how much acreage you have. Horse farms can keep their stalls full when they specialize in their services. You can offer services such as:
- Clinics and lessons
- Therapy riding
- Birthday parties
- Field trips
- Indoor arenas
- Horse camping
- Public bridle paths
- On-site photography
- Horse motels (for overnight transporting)
The more clients you attract the more you can expand the services you offer.
Do the Groundwork
Before embarking on a horse boarding business, you want to do some initial research. The first research you should conduct is market research to see if there is demand for your services or what competitors are offering. Beyond this, you should research some of the following:
This includes understanding the legalities of owning a horse farm which includes matters such as zoning regulations, restrictions on the number of horses you may keep per acre, and business permits. You will also need to draft a contract that covers every aspect of your business.
Make sure that you purchase land that is fit for managing horses or be willing to make the investment necessary to improve the land. This will include safe fencing, field shelters, sturdy stalls, and plenty of bedding and feed. Expect to provide ample parking, securable tack lockers, restrooms, and gathering places for clients.
Carrying liability insurance should be a priority to everyone dealing with horses. Liability insurance covers the cost of an attorney to defend the boarding stable and help pay fines or penalties if you are found negligent or liable. If you employ instructors and trainers, you can add them to your policy. Care Custody & Control (CCC) covers horses that are injured or die in your care (if you are found negligent).