Recent content by DPQ
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Is it worth taking over a family (service) business
QUESTION1) Prices are a little above average for lessons (usually a lesson of 60min will cost you 25€, we sell 50min for 30€). The wait lists are mostly due to long-time customers not wanting to leave and other stables being a lot worse. Calls along the lines of "We are at stable xy but child doesn't...- DPQ
- Post #20
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONI think my points came across a bit wrong. I didn't mean to say that it's hard to find employees due to the above points. I meant - to me - it looks like you can offer an above-average job in the field without high expenses. I'm sure there are employees out there who would fit perfectly, my...- DPQ
- Post #17
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONI took this morning to write down some points / answer some questions that came up. @WJK Buying a stable would definitely be a long-term goal, currently, there just isn't the money for that laying around. Although I'm positive that putting together the down payment is possible with some...- DPQ
- Post #13
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONFirst of all thanks for the answer, this is some good motivation. I feel like the main difference to my situation is that the stable isn't our property. It's rented and we don't really have the freedom to change much. Sure we could play around with the type of the business and maybe move from...- DPQ
- Post #8
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONTotally agree. By scaling down to a pure teaching business, with a small stable and maybe 8-10 horses for the lessons, it would be a cash cow. At that point the tedious work of cleaning, feeding, etc. would also be limited, and I could either do it myself or hire someone part time. That would...- DPQ
- Post #6
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONI don't have the exact numbers right now, but I would say it's close to 50/50. Renting out the boxes pays most of the monthly expenses, which is also what saved the business during the lockdowns in the last years. Lessons also depend on it though since a lot of the people who have their horses...- DPQ
- Post #3
- Forum: General Business Discussion
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Is it worth taking over a family (service) business
QUESTIONSo here's my current situation. My parents run a horse stable/riding school. The facts: ~45 horses, 7 of which are ours (for beginner lessons etc.), the rest rent boxes from us. The stable and land are rented, but all the machinery and equipment are ours and paid for (no current debt or...- DPQ
- Thread
- Replies: 19
- Forum: General Business Discussion
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