An indoor riding arena makes a great addition to a custom-built horse barn. In typically cold areas, barn and arena combinations are actually quite the norm. Many horse riders and trainers find it convenient to build horse arenas on their property, particularly if they have several horses for sale at any given time or have to travel to locations for training. Many horse trainers will find that they have to lease a block of stalls in their steel building just to care for the animals. An indoor arena may very well be a profitable and convenient move.
Should You Build Your Own Arena Building?
Most experts agree that it’s best to talk to someone who has experience in managing an indoor horse arena. One thing to consider is that most people who own an indoor riding arena spend a great deal of time and money on facility management. This means that they personally will take on the role of manager or they will hire someone to do so. An arena is not a part time project but will require consistent care. The good news about metal arenas is that they require very little maintenance compared to a wooden structure i.e. no painting, replacing roof shingles or broken boards. Most buildings come with a minimum 25 year warranty.
Taking on the project of an arena yourself might mean that you have to limit your time as a horse trainer or riding instructor. You will also have to arrange for the animals’ care throughout the season, including all necessary additions to the arena such as lighting, heaters, insecticides and water systems. If it snows frequently in your location then snow removal will be another important task.
Of course, the major consideration is if you have the capital necessary to create your own indoor riding arena. You will either have to gather a large sum upfront or take out a capital improvement loan, which will be additional debt. In order to do this successfully, you will need to spend significant time budgeting your finances. You could plan for additional income by taking in boarders or increasing the number of horses or riders in your arena building.
Another factor to consider in creating your own indoor horse riding arena is that of marketing. When you devote yourself to such a major purchase, you are essentially starting your own small company. This is particularly true if you plan on producing additional income. This means that you must invest in marketing plans. Perhaps associating with other trainers will prove to be a good business venture. You will also have to look into liability insurance for your property, as well as for any category of animals that will be kept on your property.
Indoor Horse Riding Arena Prices & Estimates
Detailed below are some ball-park estimates for the most common arena sizes:
|Multi-Purpose||70 x 130||$80,500|
|70 x 200||$107,500|
|100 x 200||$153,500|
|Driving Arena||130 x 260||$280,000|
|130 x 330||$340,400|
|Competition Arena||660 x 660||$1,320,000|
For other building sizes and estimates see our Building Estimate Calculator
Remember, that some of the smaller arena buildings are available in kit form suited for self-build construction; this labor saving could save you approximately 40% of your total construction cost; something you probably will not get with a traditional wooden structure.
If the above price estimates are within your budget why not apply for four free quotes from our suppliers to get you started.
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Making a Plan
In deciding whether building an arena is profitable, try and write a small business plan, as to how you would care for the regular upkeep of the covered arena, as well as any financial data you find for a possible income-producing business. If you lack the time or resources to do this you can always contact a financial consultant who specializes in small businesses. A covered horse arenas may be the right move at this point in your life—but make sure you do the math first!