Equestrian Property Finance: Paving the Way for a Resilient Couple’s Dream
At UK Agricultural Finance we don’t just offer agricultural loans, we often offer loans for any credible business purpose so long as there is agricultural land as security. This sometimes means we get to offer equestrian property finance. In a recent case handled by Sue, our central BDM, a determined couple exemplified how ambition coupled with the right financial support can transform an equestrian vision into a thriving business reality.
Making a living in the equestrian business in the UK presents a unique set of challenges. The sector, while rich in tradition and passion, often grapples with high operational costs, ranging from the maintenance of facilities to the care and training of horses. Coupled with the unpredictability of British weather, which can significantly affect training and event schedules, these factors can make financial stability a constant struggle.
Additionally, the competitive nature of the industry means that equestrian businesses must continually invest in improving their offerings to attract and retain clients, adding to the financial pressures. Balancing these aspects while maintaining profitability requires not only a deep love for the equestrian lifestyle, but also astute business acumen and strategic planning.
Crafting the Ideal Equestrian Property
In 2008, seizing an opportunity, this couple embarked on their equestrian dream by acquiring land and stables from their in-laws. Initially residing in a static home on the equestrian property, they later expanded their living arrangements by purchasing the adjacent bungalow. Their commitment to this venture was evident from the outset, as they invested in facilities and ensured the property was meticulously maintained.
Benefiting from both an indoor and outdoor arena along with good hacking and a cross-country area, the couple had clearly worked hard to create the perfect environment for an equestrian business to succeed.
Diversifying with a Holiday Home
Embracing the potential of their property, the borrowers converted their static home into a lucrative Airbnb venture. Excelling as super hosts, they attract a diverse clientele, ranging from workmen to holidaymakers. This decision also perfectly complemented the equestrian business by providing accommodation for a captive audience through equestrian clients.
The introduction of equestrian events has further solidified this synergy, drawing in guests who come for the events and extend their stay at the Airbnb. This clever business model not only enhances the visibility and appeal of their equestrian offerings, but also ensures a steady flow of customers who are naturally inclined to engage with and appreciate the full spectrum of activities available on the property. With occupancy rates soaring, particularly during the summer, this initiative has become a significant income stream for them.
A Family’s Equestrian Legacy
The borrowers’ passion for equestrianism is a family affair, deeply ingrained and lovingly nurtured. Their two sons, with one currently honing his skills at equestrian college, embody the family’s enduring connection to horses. This shared passion is the cornerstone of their thriving full-livery service, known for its exceptional care and top-notch facilities.
Their success in offering a reliable and professional full livery service has allowed them to amass a significant waiting list of clients which has enabled them to be extremely selective in their approach to accepting new clients. This selective approach ensures a harmonious environment, attracting professionals who value and can afford the premium service.
Their off-road cross-country track and the impeccable condition of the stables have made them a preferred choice for discerning equestrian enthusiasts, further cementing their reputation in the community. The family’s dedication to excellence in equestrian care not only reflects their love for horses, but also strategically positions their business for sustained success and growth.
Expanding Horizons
Despite facing personal health challenges, the couple has not wavered in their pursuit of growth. One partner trained in social work which has enabled them to provide supportive services to vulnerable equestrian clients, an endeavour that is already bearing fruit. This empathy-driven approach has opened new avenues for their business, including therapeutic riding sessions.
In their quest to continually broaden the horizons of their equestrian business, the couple has embarked on a journey of expansion and diversification that extends well beyond traditional livery services. Their vision for growth is evident in the eclectic range of events and activities now hosted on their property, each tailored to cater to various interests within the equestrian community and beyond.
The equestrian property has become a hub for local equestrian events, attracting the Pony Club and other equestrian groups, thanks to the excellent condition of their arena, complete with a commentary box and seating area.
Their innovative approach includes the introduction of a weekly ladies’ coffee morning, combining a leisurely hack with social interaction over coffee and cake, generating significant revenue. The summer holidays see them conducting specialised courses for children, an initiative that has been extended to local schools, fostering a love for equestrian sports among the younger generation.
Furthermore, the couple has creatively utilised their space for camping events, accommodating up to 50 children with ponies, along with their parents. These events, complete with comprehensive catering services, have become a unique attraction, offering an immersive equestrian experience.
By hosting a variety of events, from adult courses to children’s camps and dressage competitions, the couple has not only created multiple revenue streams but also established their equestrian property as a versatile venue in the local community and beyond. This expansion into diverse equestrian activities showcases their ability to innovate and adapt, ensuring their business remains vibrant and financially robust.
The Role of UK Agricultural Finance in Realising Dreams
The financial support from UK Agricultural Finance has been instrumental in this journey. The equestrian property loan provided not only facilitated the consolidation of existing debts but also injected vital working capital for the continued expansion of their equestrian business. This funding has been a catalyst, enabling them to streamline their finances and focus on the growth and diversification of their ventures.
A Future Built on Diverse Foundations
Today, the couple stands on the cusp of a significant income improvement, thanks to their diverse and risk-spread income streams. From equestrian services to holiday rentals and community-focused initiatives, their multifaceted business model is a testament to their hard work, vision and the transformative power of equestrian property finance.
In partnering with UK Agricultural Finance, they have not only secured their financial footing, but have also set a course for a prosperous and impactful future. Their story is one of passion, resilience and the enduring spirit of the equestrian community, supported by the tailored financial solutions that UK Agricultural Finance proudly offers.