1. New Hope Therapeutic Ranch
Bus. 358 Equine Business Management
Bridgewater College
Skylar Elliott-Honig, Alyvia Elliott, Isabella Eyles, David Robinson, & Lauren Powtak

2. Property

3. Property Pictures Cont.

4. Property Description Located in Mount Solon, Virginia
Pre-owned: 2,300 square ft. house
3 bedrooms
2 baths
2 dining rooms
2 living rooms
2 car garage

5. Property Description Cont.
Total acreage is 156 acres
Indoor arena 70 x 160 bluestone and C-33 sand
Outdoor arena 90 x 180 bluestone and C-33 sand
2 tack rooms; 2 wash stalls
Feeding room
2 pastures (10 and 5 acres)
15 stalls

6. Owners Alyvia Elliott Skylar Elliott-Honig Lauren Powtak
Isabella Eyles
David Robinson

7. Our Mission
To establish a therapeutic riding establishment for Harrisonburg, VA and other large surrounding areas such as Staunton and Waynesboro, VA. We aim to tailor to the needs of our clients and make an impact on the Valley. We are hoping to work with mentally and physically disabled individuals, as well as veterans who are suffering from PTSD or certain types of physical injury. All experiences and age groups are welcome.

8. Finances Property value: $942,000.00
Renting the property for $18,000 yearly

9. Cash flow statement Located in Google Slides:
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10. Cash Flow Statement Revenues
Board: 6 $450.00/month
Training: 6 $175.00/horse
Lessons: 25 $50.00/lesson

11. Expenses Hay: $5,215.92/year, $100/week roughly
Grain: $3285/year, $63/week
Sawdust:$1,766.60/year, 33.88/week
Electric:$3,092.00/year, $67.25/week, $8.67/day
Phone:$276.00/year, $5.75/week, $0.74/day
Fuel:$3,266.75/year, $62.81/week, $8.95/day
Repairs: $3,274.00/year, $68.22/week, $8.97/day
Insurance: $6,656.00/year, $128.00/week, $17.89/day

12. Fixed costs Rent/Lease: $18,000.00/year, $1,500.00/month, $375.00/week
Property Insurance: $1,805.00/year, $150.42/month, $34.71/week
Property Tax: $4,427.40/year, $368.95/month, $85.14/week

13. Balance sheet Located in Google Docs
18HSweFLtK8/edit?ts=581660e7

14. Balance Sheet Analysis
Our current assets included cash, hay, grain, and sawdust. Our total current assets totaled up to $138,255.76
Our long-term assets included truck and trailer, tractor, drag, and leasehold improvements adding up to be $295,
Both of our current and long-term assets total to be $433,655.76

15. Balance Sheet ANalysis
For our business plan we did not have any current liabilities.
We did have non-current liabilities which was the property tax and leasehold improvements totaling to be $250,358.95
By subtracting our assets and liabilities we end up getting $182, net worth.

16. Income Statement Located in Google Docs
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17. Income Statement Analysis
Revenues include:
Board $32,400, Training $12,600, Lessons $58000, Total Revenue = $103,000
Expenses:
Variable Expenses = $26, (hay, grain, sawdust, electric, phone, fuel, machinery repairs, insurance) Fixed Costs = $24,232 (rent/lease, property insurance, property tax)Total Expenses = $51,064.27
Income = Revenue - Expenses. $103,000-$51,064.27=$51,936
Therefore, we have a positive income, which means we are a profitable business.

18. Conclusion
For the first year on business we have no current liabilities and we are expecting a profit. In conclusion, we believe this will be a successful business, and we hope we can serve the community and benefit them in the best manner possible.