Tips for Evaluating a Horse Property for Business Purposes

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Are you looking at horse property with plans of running an equestrian business? The property that you select can have a significant impact on your business. Here are some tips which will help you evaluate a horse property for business purposes.

Evaluate the Property’s Appeal to Your Clients

In order for your business to be successful, you will need to be in a location which appeals to your clients. Additionally, the property itself needs to have client appeal in order to draw interest. Features such as landscaping, views, the overall neighborhood, and more may help to draw – or discourage – clients. Try to see the property from your client’s eyes. Is this a place where you would board, train, buy tack, or more?

Consider the Local Equestrian Atmosphere

Don’t forget to give special consideration to the existing local equestrian atmosphere, especially if you’re looking at properties in areas which are new to you. Do some research when considering a location. Is there a major show circuit, a large riding population, and the presence of tack stores, feed stores, vets, and more to support a thriving equestrian population? If not, the location might not be right for your business.

Evaluate Distance from Major Airports and Cities

If your business concerns clients who fly in or travel to visit, then make sure that the property you’re considering is easily accessible via local major airports and cities.

Research Existing Competing Businesses

You’ll want to spend some time researching existing businesses which are in direct competition with yours. If an area is already saturated with competing businesses, you may be facing a significant challenge in building your business. Think about how much need there is for your business when deciding on a location.

Consider the Property Size and Room for Expansion

When you buy a property, you’ve made a long-term commitment to run your business in that location. Consider whether the property has room for expansion, and whether its size can support your business both now and in the future.

Budget Out Start-Up Costs

Is the property move-in ready, and is it set up in a way that you could transfer your business and have it running immediately? Or are there significant start-up costs, like building an indoor arena, expanding a stable, or building other necessary facilities? Make sure that you can handle the start-up costs, as well as the time that it will take to get your business up and running in its new location.

You may have to look at many horse properties, but eventually you’ll find the property that’s just perfect for your business.

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