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BIZBITE

Horse Boarding Facility

Monthly recurring revenue from owners who pay religiously — no one skips their horse's board

Bottom line

Worth studying, but do not buy without strong local proof.

Horse boarding facilities house privately owned horses in exchange for monthly boarding fees, providing stall, pasture, feed, and basic care. Full-care board runs $400–$1,500/month per horse depending on region and amenities. A 30-stall facility at 85% occupancy in a mid-tier market grosses $150K–$450K/year with remarkably stable churn — horse owners virtually never miss a payment. The business is real-property-anchored and often comes with appreciating land in semi-rural exurbs increasingly in demand.

Acquisition score
Margin · multiple · SBA data
61Strong
Avg revenue
$320K/yr
$120K–$750K range
Profit margin
28%
~$90K SDE
Multiple
2–4.5×
of SDE
Est. buy price
$179K–$403K
startup: $250K–$900K

How It Works

Boarders sign monthly contracts (rarely shorter) and pay in advance. The facility provides stall cleaning, feeding twice daily, turnout, and basic health monitoring. Revenue layers stack naturally: training programs, riding lessons, arena rental, hay and grain sales, and show event hosting. An experienced barn manager can run day-to-day operations, making this semi-passive for an owner who handles client relationships and vet/farrier coordination. Acquisition targets are often family-owned operations retiring out of the business.

BizBite verdict

Watch / verify

Horse Boarding Facility has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.

61Strong
low data confidence · 40/100medium financing fit

Why it may work

  • No strong positives yet. More verified data needed.

Be careful

  • !Source link status has not been verified yet
  • !No last-checked date yet
  • !No SBA category enrichment yet
  • !No category operating model yet
  • !Low data confidence

Deal Calculator

Priced off $90K SDE — can this deal service its own debt?

2.28×
DSCR · Lender-comfortable
Purchase multiple — 3.0× SDE ($270K)
Category range: 2×–4.5× SDE
Down payment — 10% ($27K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 10.50%
Typical SBA 7(a) range: 9.5–12% (prime-based)
Loan term — 10 years
Standard SBA 7(a): 10 years for business acquisition
Purchase price
$270K
3.0× of $90K SDE
Cash to close
$35K
$27K down + ~3% closing
Debt service
$3K/mo
$39K/yr on $243K loan
Cash-on-cash
143%
cash back in ~9 mo
Debt service coverage · what the lender sees
2.28×+$4K/mo after debt
Most SBA lenders want ≥1.25× coverage; 1.5×+ is a strong file.

SDE = revenue × margin estimate for this niche; it includes owner compensation, so budget your salary out of cash flow. Excludes working-capital injection, capex reserves, and taxes. Actual SBA terms vary by lender and borrower.

Pros

  • +Monthly recurring revenue with best-in-class payment reliability — horse people pay before paying their own bills
  • +Real estate asset appreciation as exurban land values rise
  • +Multiple revenue layers beyond board: lessons, training, arena rental, clinics
  • +Low customer acquisition cost — local horse community is tight-knit, referrals dominate
  • +Long-term client relationships: boarders stay 3–7 years on average

Cons

  • -Animal welfare liability — one injury or illness event can be costly and reputationally damaging
  • -Labor-intensive: daily feeding and stall cleaning require reliable staff year-round
  • -Regulatory and zoning requirements vary significantly by county

Best For

Buyers seeking real-estate-backed cash flow with land appreciation upside in semi-rural markets

Operating Costs

Key costs: feed and bedding ($150–$350/horse/month), labor (2–4 FTEs at $28K–$45K/year), insurance ($5K–$15K/year), property taxes, and ongoing facility maintenance. Margins improve sharply as occupancy passes 80%.

Where to Buy

BizBuySell — Agricultural Businesses

Agricultural and equestrian operations listed for acquisition

HorseProperties.net

Dedicated marketplace for equestrian real estate and boarding facility listings

EquineNow

Horse industry marketplace including boarding facility businesses

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