Equine Therapy Business Plan Template

Written by Dave Lavinsky

Equine Therapy Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create an equine therapy business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful equine therapy businesses. Our equine therapy business plan example below is sure to help you!

Equine Therapy Business Plan Example

Below is our equine therapy business plan template and sample plan created using what we consider the best free ai business plan generator:
 

I. Executive Summary

Company Overview

At HorseHeal Therapy, we’re proud to introduce ourselves as a fresh and pioneering Equine Therapy provider located in Santa Maria, CA. Established as the sole high-quality equine therapy service in the area, our mission is to offer unparalleled therapy services that cater to the physical, emotional, and social well-being of our clients. Our comprehensive suite of services includes Therapeutic Riding Programs, Equine-Assisted Psychotherapy (EAP), Equine-Assisted Learning (EAL), and Hippotherapy. We are dedicated to supporting veterans and first responders through specialized programs, aiming to be a beacon of hope and healing in our community. Our strategic location and serene facilities ensure every visit promotes healing and growth for our clients and their horses.

Success Factors

Our unique positioning for success stems from the invaluable experience of our founder and our commitment to superior equine therapy services. Since launching as a Sole Proprietorship on January 3, 2024, we’ve achieved significant milestones, including developing a resonant company name, designing a reflective logo, and securing an ideal location. These accomplishments mark the beginning of our journey to becoming a cornerstone of equine therapy in Santa Maria, CA, offering a comprehensive range of tailored services that set us apart from the competition and establish us as a haven for healing and growth.

Industry Analysis

The Equine Therapy industry in the United States, valued at over $300 million annually, is anticipated to grow due to increasing recognition of equine therapy’s benefits for individuals with various challenges. A key trend is the integration of equine therapy into traditional healthcare, a development that positions HorseHeal Therapy advantageously as a leading provider in Santa Maria, CA. Additionally, the demand for personalized therapy sessions is rising, aligning perfectly with our offerings of individualized therapy experiences. Our ability to stay ahead of industry trends and provide high-quality services places us on a path to success in the expanding Equine Therapy market.

Customer Analysis

Our primary target includes local residents involved with horses, equine sports enthusiasts, professionals, and veterinary professionals. Understanding the unique bond between horses and their owners allows us to tailor our services effectively to meet the rehabilitative and performance enhancement needs of our clients. By catering to the local equestrian community, professionals seeking advanced therapeutic solutions, and specialists looking for reliable equine care partners, we aim to establish a crucial role in the local equine industry, enhancing the health and performance of horses within our community.

Competitive Analysis

Our competitors include Geary Whiting’s Equine Massage School, Eclipse Equine Sports Therapy Center, and Hearts Therapeutic Equestrian Center. Despite their strengths, HorseHeal Therapy distinguishes itself through superior quality and a broad array of equine therapy services. Our team’s expertise and commitment to excellence ensure the highest care standard, fostering trust and long-term relationships with our clients. The comprehensive nature of our services, from traditional treatments to innovative therapies, positions us as the premier choice for equine therapy, outshining our competition.

Marketing Plan

HorseHeal Therapy’s marketing strategy encompasses a diverse range of services priced to reflect the value and outcomes they provide, from Therapeutic Riding Programs at $60 per hour to specialized sessions for Veterans and First Responders at $50. We plan to attract customers through an integrated promotional strategy that includes a user-friendly website, SEO, engaging social media content, email marketing, local community engagement, referral programs, and partnerships with local veterinarians and equestrian clubs. Our aim is to build our brand, engage with our target audience, and drive business growth by showcasing the therapeutic power of horses across various channels.

Operations Plan

To ensure HorseHeal Therapy’s success, our operations will focus on efficient client scheduling, comprehensive horse assessments, high-standard therapy session execution, and meticulous management of equipment and facilities. We will engage in proactive client communication, maintain rigorous billing and accounting practices, and prioritize staff training and facility maintenance. Compliance with regulations and a commitment to safety are paramount. Our roadmap includes launching services, obtaining necessary permits, building a strong online presence, establishing community partnerships, implementing a client feedback system, recruiting skilled staff, achieving revenue goals, expanding service offerings, and ensuring financial sustainability. Regular evaluation of our business strategy will ensure we meet and exceed our objectives.

Management Team

Under the leadership of Charlie Lee, HorseHeal Therapy is poised for success. Charlie brings a wealth of experience and a proven track record from managing a successful equine therapy center. His expertise in equine management and therapy program development is instrumental in guiding our mission to provide exceptional care and support. Charlie’s strategic vision, coupled with his passion for equine therapy and entrepreneurial spirit, uniquely qualifies him to lead HorseHeal Therapy towards a promising future of growth and innovation in the field of equine-assisted therapies.

Financial Plan

To reach our growth goals, HorseHeal Therapy requires $310,000 in funding. This investment will be allocated across capital investments such as location buildout, equipment, and initial operational costs including staff salaries, marketing, and insurance. These financial resources will support the establishment and scaling of our operations, enabling us to deliver high-quality equine therapy services, achieve our revenue targets, and ensure the long-term sustainability of our business.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $4,451,960 $4,820,717 $5,220,017 $5,652,392 $6,120,581
Direct Expenses $1,772,897 $1,863,218 $1,958,140 $2,057,899 $2,162,739
Gross Profit $2,679,062 $2,957,498 $3,261,877 $3,594,493 $3,957,842
Gross Profit (%) 60.2% 61.3% 62.5% 63.6% 64.7%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,581,977 $2,857,467 $3,158,811 $3,488,301 $3,848,427
Depreciation $37,000 $37,000 $37,000 $37,000 $37,000
Amortization $0 $0 $0 $0 $0
Interest Expense $31,000 $31,000 $31,000 $31,000 $31,000
Income Tax Expense $879,892 $976,313 $1,081,783 $1,197,105 $1,323,149
Net Income $1,634,085 $1,813,153 $2,009,027 $2,223,195 $2,457,277

 

II. Company Overview

HorseHeal Therapy is a pioneering Equine Therapy provider catering to the needs of customers in Santa Maria, CA. As a new establishment in the local scene, we take pride in being the only high-quality equine therapy service in the area. Our dedication to offering unparalleled therapy services has positioned us as a beacon of hope and healing in the community.

At HorseHeal Therapy, our suite of services is designed to cater to a broad spectrum of needs. We offer Therapeutic Riding Programs that help improve physical, emotional, and social well-being. Our Equine-Assisted Psychotherapy (EAP) and Equine-Assisted Learning (EAL) sessions are tailored to support individuals in overcoming mental health challenges and in fostering personal growth. For those requiring more intensive physical therapy, our Hippotherapy sessions leverage the natural gait of horses to improve coordination, balance, and strength. Recognizing the unique sacrifices made by veterans and first responders, we have dedicated programs to support these heroes in their journey towards healing and resilience.

Located in Santa Maria, CA, HorseHeal Therapy is strategically positioned to serve our community. Our facilities are designed to provide a serene and therapeutic environment for both our clients and our horses, ensuring that every visit is a step towards healing.

HorseHeal Therapy is uniquely qualified to succeed for several reasons. Our founder brings invaluable experience from previously running a successful equine therapy, laying a solid foundation for our operations. Moreover, our commitment to offering superior equine therapy services, coupled with our comprehensive range of offerings, sets us apart from the competition. We are not just another therapy center; we are a haven for healing and growth.

Since our inception on January 3, 2024, as a Sole Proprietorship, we have achieved several milestones. We have developed a unique company name that resonates with our mission, designed a logo that reflects our values and found an ideal location that complements our vision. These accomplishments are just the beginning of our journey to becoming a cornerstone of equine therapy in Santa Maria, CA.

 

III. Industry Analysis

The Equine Therapy industry in the United States is currently estimated to be worth over $300 million annually. This figure includes revenue generated from various equine-assisted therapy programs, such as therapeutic riding, hippotherapy, and equine-facilitated psychotherapy. With an increasing awareness of the benefits of equine therapy for individuals with physical, emotional, and developmental challenges, the market is expected to continue growing in the coming years.

One of the key trends in the Equine Therapy industry is the growing acceptance and integration of equine therapy into traditional healthcare and rehabilitation programs. Many healthcare providers are now recognizing the therapeutic benefits of working with horses and are incorporating equine therapy into their treatment plans. This trend bodes well for HorseHeal Therapy, as it positions itself as a leading provider of Equine Therapy services in Santa Maria, CA.

Another trend in the Equine Therapy industry is the increasing demand for specialized and customized therapy programs. Clients are seeking personalized equine therapy experiences that cater to their specific needs and goals. HorseHeal Therapy is well-positioned to capitalize on this trend by offering individualized therapy sessions tailored to each client’s unique requirements. By staying ahead of industry trends and providing high-quality services, HorseHeal Therapy is poised for success in the growing Equine Therapy market.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will target local residents who own or are involved with horses, recognizing the unique bond and the specific care needs that horses require. This primary customer segment includes horse owners looking for rehabilitative services to enhance their animals’ health and performance. Understanding the local equestrian community’s preferences and needs is essential in tailoring our services effectively.

Additionally, we will also cater to equine sports enthusiasts and professionals in the Santa Maria area. This segment seeks advanced therapeutic solutions to improve their horses’ performance and well-being, especially those competing in races, shows, and other competitive events. By offering specialized services that address the physical demands placed on these animals, we will establish a crucial role in the local equine sports industry.

Another important customer segment we will serve includes veterinary professionals and equine rehabilitation specialists looking for reliable partners in equine care. By providing a suite of therapeutic services that complement traditional veterinary treatments, we will become a valuable resource for professionals aiming to ensure optimal outcomes for their equine patients. Collaboration with these professionals will not only expand our reach but also enhance the quality of care we provide.

Customer Needs

HorseHeal Therapy provides high quality therapeutic riding programs that cater to the diverse needs of residents who seek the unique benefits of equine therapy. Customers can expect a range of services designed to enhance physical, emotional, and social well-being through carefully structured interactions with horses. This approach taps into the well-documented therapeutic effects of horseback riding and equine care, fulfilling a significant need for alternative therapy options in the community.

Beyond the core therapeutic riding programs, HorseHeal Therapy also offers additional services aimed at enriching the experience and outcomes for its clients. These include specialized sessions tailored to individual needs, group activities that foster social skills and community engagement, and educational workshops that provide deeper insights into equine care and therapy techniques. Such comprehensive offerings ensure that every client can find a suitable and effective way to engage with the therapy, regardless of their specific needs or interests.

Moreover, HorseHeal Therapy places a strong emphasis on creating a welcoming and supportive environment for all its clients. Participants can expect an atmosphere of respect, empathy, and encouragement, which is essential for therapeutic progress. This commitment to a positive and inclusive experience not only addresses the immediate needs of clients but also contributes to the long-term success of their therapeutic journey. As a result, HorseHeal Therapy stands as a valuable resource for those seeking alternative approaches to wellness and personal growth.

 

V. Competitive Analysis

Direct Competitors

HorseHeal Therapy’s competitors include the following companies:

Geary Whiting’s Equine Massage School offers comprehensive courses in equine massage, targeting both individuals looking to enter the equine therapy field and horse owners wanting to provide better care for their animals. The school’s unique selling point is its blend of Shiatsu and massage techniques tailored specifically for horses, coupled with a strong emphasis on horse and rider fitness. Services are priced based on course length and content, ranging from introductory workshops to extensive certification programs. The school operates primarily in the United States but offers online courses to reach a global audience. Its key strengths include a well-established reputation, a comprehensive curriculum, and the incorporation of fitness training. However, its reliance on physical courses as opposed to fully online alternatives could be seen as a limitation in reaching a wider market.

Eclipse Equine Sports Therapy Center specializes in a wide range of therapeutic services aimed at enhancing equine performance and wellbeing, including sports massage, rehabilitation, and conditioning programs. This center is notable for its use of advanced technology and techniques, such as thermal imaging and hydrotherapy, to diagnose and treat equine athletes. Pricing is tailored to the specific services provided, with packages available for ongoing care. Eclipse operates primarily in California, serving both competitive equine athletes and recreational horses. The center’s strengths lie in its specialized services and the use of technology. However, its focus on high-performance athletes might limit its appeal to a broader base of horse owners.

Hearts Therapeutic Equestrian Center provides equine-assisted therapy services to individuals with physical, emotional, and cognitive challenges. By leveraging the therapeutic power of horseback riding and care, the center aims to improve the lives of its clients. Services are offered at various price points to accommodate individuals and groups, with some programs available at subsidized rates for qualifying participants. Located in California, Hearts Therapeutic serves a diverse client base, including children and adults with special needs. The center’s strengths are its inclusive programs and the positive impact on its clients’ lives. However, its niche focus on therapeutic riding as opposed to broader equine care and performance services may limit its appeal to potential customers looking for a wider range of equine therapy options.

Competitive Advantages

At HorseHeal Therapy, we pride ourselves on offering superior equine therapy services that outshine our competition in both quality and variety. Our team of highly skilled and experienced professionals is dedicated to providing personalized care that meets the unique needs of each horse. We understand the intricate balance required to ensure the optimal health and wellbeing of these majestic animals, which is why we continually invest in the latest techniques and advancements in equine therapy. Our commitment to excellence ensures that our clients can expect the highest standard of care, fostering trust and long-term relationships.

In addition to our unmatched quality, we boast a more comprehensive array of equine therapy services than any other provider in the area. From traditional treatments to innovative therapies, our extensive menu of services is designed to address a wide range of conditions and challenges faced by horses. This holistic approach not only sets us apart from our competitors but also positions us as a one-stop solution for all equine health and wellness needs. Our clients appreciate the convenience and confidence that come from having access to such a broad spectrum of services under one roof, further solidifying our reputation as the premier choice for equine therapy.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

HorseHeal Therapy offers a comprehensive range of equine-assisted therapy services tailored to meet the diverse needs of its clients. Each program is designed to harness the therapeutic power of horses to promote healing, learning, and growth in individuals. The following outlines the key services provided by HorseHeal Therapy, along with the average selling price for each offering.

The Therapeutic Riding Programs are a cornerstone of HorseHeal Therapy’s services. These programs are geared towards improving the physical, emotional, and social well-being of participants through structured riding activities. Clients can expect to engage in sessions that not only teach riding skills but also enhance self-confidence, balance, and coordination. The average price for these sessions is approximately $60 per hour, providing a valuable opportunity for personal development in a supportive environment.

Equine-Assisted Psychotherapy (EAP) represents a unique approach to mental health treatment, leveraging the intuitive nature of horses to facilitate emotional growth and healing. EAP sessions are conducted by a licensed therapist and an equine specialist, creating a safe space for clients to explore personal issues with the support of equine partners. This powerful modality is priced at around $120 per session, offering profound insights and breakthroughs in personal therapy.

Equine-Assisted Learning (EAL) focuses on the educational and developmental aspects of interaction with horses. Ideal for groups, individuals, and corporate teams, EAL sessions aim to enhance leadership, communication, and problem-solving skills through experiential learning activities with horses. Participants can expect to pay about $100 per session for this innovative learning experience that transcends traditional classroom settings.

Hippotherapy is a specialized therapeutic approach where physical, occupational, and speech-language therapists use horse movement as part of an integrated treatment plan to achieve functional outcomes. This service is particularly beneficial for clients with physical and neurological challenges, helping improve posture, balance, mobility, and communication. Sessions are typically priced at $75 per half-hour, reflecting the specialized nature of the therapy and the expertise of the professionals involved.

Finally, HorseHeal Therapy offers specialized programs for Veterans and First Responders, recognizing the unique challenges faced by these heroes. These programs provide a supportive community and tailored therapeutic activities to address issues such as PTSD, anxiety, and depression. With a deep understanding of the sacrifices made by veterans and first responders, HorseHeal Therapy offers these programs at a discounted rate of $50 per session, as a token of gratitude and support for their service.

In summary, HorseHeal Therapy provides a variety of equine-assisted services designed to cater to the therapeutic and developmental needs of a broad clientele. With a focus on quality and compassion, these programs offer valuable opportunities for healing, learning, and growth, all facilitated by the remarkable power of horses.

Promotions Plan

To attract customers in the competitive equine therapy market, we at HorseHeal Therapy understand the importance of a comprehensive promotional strategy. By leveraging a variety of methods, we aim to establish a strong presence both online and within our local community in Santa Maria, CA. Our approach will encompass several key promotional techniques designed to build our brand, engage with our target audience, and ultimately drive business growth.

One of the cornerstone tactics we will utilize is online marketing. Through the development of a user-friendly website, we will offer potential clients detailed information about our services, our philosophy, and the benefits of equine therapy. This online platform will also feature testimonials from satisfied clients, a frequently asked questions section, and a blog that provides valuable content related to equine therapy and horse care. To maximize our online visibility, we will implement search engine optimization (SEO) strategies, ensuring that HorseHeal Therapy appears prominently in search results related to equine therapy services in Santa Maria, CA.

In addition to our website, we will actively engage with our audience through social media channels such as Facebook, Instagram, and Twitter. By sharing engaging content, including success stories, educational posts, and behind-the-scenes looks at our therapy sessions, we will build a community of followers who are interested in equine therapy. Social media advertising will also play a crucial role in reaching a broader audience, allowing us to target potential customers based on their interests, behaviors, and location.

Email marketing will further augment our promotional efforts. By collecting email addresses through our website and at local equestrian events, we will send out regular newsletters. These newsletters will include updates on our services, special promotions, and informative articles about equine health and wellness. This direct line of communication will help us maintain a relationship with our clients and encourage repeat visits.

Understanding the importance of local community engagement, we will participate in local equestrian events, fairs, and trade shows. At these events, we will have the opportunity to demonstrate our expertise, network with potential clients, and distribute promotional materials such as brochures and business cards. We will also offer special promotions exclusive to event attendees to encourage them to try our services.

Referral programs will serve as another key promotional method. By incentivizing our current clients to refer friends and family to HorseHeal Therapy, we will tap into the power of word-of-mouth marketing. Offering discounts or complimentary sessions to both the referrer and the referee will foster a sense of community and loyalty among our clients.

We recognize the value of partnerships with local veterinarians, horse trainers, and equestrian clubs. By establishing mutually beneficial relationships with these stakeholders, we will gain referrals and increase our credibility within the equine community.

Through a combination of online marketing, community engagement, and strategic partnerships, we at HorseHeal Therapy are committed to promoting our unique equine therapy services. By implementing these promotional methods, we expect to attract and retain clients, establishing ourselves as a leading provider of equine therapy in Santa Maria, CA.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of HorseHeal Therapy, there are several key day-to-day operational processes that we will perform.

  • Client Scheduling and Management: Maintain an efficient scheduling system to manage therapy sessions for clients, ensuring that each horse receives timely and appropriate care. This includes handling cancellations, rescheduling, and new client intakes.
  • Horse Assessment: Conduct thorough initial and ongoing assessments of each horse’s physical and emotional health to tailor therapy sessions to their specific needs.
  • Therapy Session Execution: Perform the various therapeutic services offered, such as massage therapy, physiotherapy, or other specialized treatments, adhering to the highest standards of care and professionalism.
  • Equipment and Supply Management: Regularly inspect, clean, and maintain therapy equipment, ensuring that all supplies are stocked and in good condition to provide effective treatments.
  • Client Communication: Engage in effective and compassionate communication with horse owners, providing updates on their horse’s progress, educating them on care practices, and addressing any concerns they may have.
  • Billing and Accounting: Manage accurate and timely billing for services rendered, including processing payments, issuing invoices, and keeping financial records up-to-date.
  • Staff Training and Development: Provide ongoing training and professional development opportunities for all staff to ensure they remain knowledgeable about the latest equine therapy techniques and practices.
  • Facility Maintenance: Keep the therapy facilities clean, safe, and welcoming for both horses and their owners, which includes daily cleaning of therapy areas and regular maintenance of the property.
  • Compliance and Safety: Adhere to all local, state, and federal regulations regarding animal care and therapy services, ensuring that all practices are ethical and safe for horses and humans alike.
  • Marketing and Community Engagement: Actively promote HorseHeal Therapy through various marketing channels and engage with the local community to build a strong client base and establish partnerships with local veterinarians and equine specialists.
  • Feedback and Quality Improvement: Collect feedback from clients on their experience and the outcomes of their horses’ therapy, using this information to continuously improve service quality and client satisfaction.

Milestones

HorseHeal Therapy expects to complete the following milestones in the coming months in order to ensure its success:

  • Launch our Equine Therapy Services: Finalize the preparation of facilities, ensure all therapy horses are adequately trained and ready, and officially open for business to start serving clients in Santa Maria, CA.
  • Obtain Necessary Permits and Licenses: Secure all required local, state, and federal permits and licenses to legally operate an equine therapy service, ensuring compliance with all regulatory requirements and animal welfare standards.
  • Build a Strong Online Presence: Develop a professional website and engage on social media platforms to increase visibility, share success stories, and connect with potential clients. This online presence is crucial for marketing and establishing a brand identity.
  • Establish Partnerships with Local Healthcare Providers: Forge relationships with psychologists, doctors, and other healthcare professionals to receive referrals. These partnerships will be vital for client acquisition and establishing credibility in the healthcare community.
  • Implement a Client Feedback System: Create a mechanism for collecting and analyzing client feedback to continuously improve service quality and client satisfaction, ensuring that HorseHeal Therapy meets and exceeds client expectations.
  • Recruit and Train Qualified Staff: Hire experienced therapists and support staff, and provide them with specialized training in equine therapy, focusing on safety, client care, and therapeutic techniques specific to the needs of the clientele.
  • Reach $15,000/Month in Revenue: Implement effective pricing strategies and marketing campaigns to steadily increase client base and service offerings, aiming to reach a monthly revenue goal of $15,000, which will support operational costs and profitability.
  • Expand Service Offerings: Based on client feedback and demand, gradually introduce additional services such as group therapy sessions, workshops, and educational programs to diversify revenue streams and enhance the therapeutic experience.
  • Ensure Financial Management and Sustainability: Establish robust financial controls and budgeting processes to monitor expenses, manage cash flow, and ensure the long-term financial sustainability of the business.
  • Evaluate and Adjust Business Strategy: Regularly review business performance, market trends, and client needs to make informed decisions and adjustments to the business strategy, ensuring HorseHeal Therapy remains relevant and competitive in the market.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Charlie Lee, President

Charlie Lee, President, brings a wealth of experience and a proven track record to HorseHeal Therapy. With a background in managing an equine therapy center, Charlie has demonstrated the capability to lead and grow therapeutic services focused on equine-assisted activities. His previous success in the field is a testament to his understanding of both the business and the therapeutic aspects of equine therapy. Charlie’s leadership is instrumental in steering HorseHeal Therapy towards its mission of providing exceptional care and support, leveraging his extensive knowledge in equine management and therapy program development to achieve lasting success.

Under his guidance, HorseHeal Therapy is poised to expand its reach and improve the quality of life for individuals through innovative and compassionate equine-assisted therapies. His strategic vision for the company encompasses not only the growth of the business but also a deep commitment to the welfare of the horses and the well-being of clients. Charlie’s passion for equine therapy and his entrepreneurial spirit make him uniquely qualified to lead HorseHeal Therapy into a promising future.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $4,451,960 $4,820,717 $5,220,017 $5,652,392 $6,120,581
Direct Expenses $1,772,897 $1,863,218 $1,958,140 $2,057,899 $2,162,739
Gross Profit $2,679,062 $2,957,498 $3,261,877 $3,594,493 $3,957,842
Gross Profit (%) 60.2% 61.3% 62.5% 63.6% 64.7%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,581,977 $2,857,467 $3,158,811 $3,488,301 $3,848,427
Depreciation $37,000 $37,000 $37,000 $37,000 $37,000
Amortization $0 $0 $0 $0 $0
Interest Expense $31,000 $31,000 $31,000 $31,000 $31,000
Income Tax Expense $879,892 $976,313 $1,081,783 $1,197,105 $1,323,149
Net Income $1,634,085 $1,813,153 $2,009,027 $2,223,195 $2,457,277

Funding Requirements/Use of Funds

To accomplish our growth goals, HorseHeal Therapy needs $310,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $100,000
Furniture $20,000
Equipment $50,000
Machines $10,000
Computers $5,000
Non Capital Investments
Working Capital $50,000
Initial Rent/Lease $10,000
Staff Salaries (First 3 Months) $30,000
Initial Marketing and Advertising $20,000
Supplies $5,000
Insurance $10,000

Financial Projections

financial projection equine therapy business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $4,451,960 $4,820,717 $5,220,017 $5,652,392 $6,120,581
Total Revenues $4,451,960 $4,820,717 $5,220,017 $5,652,392 $6,120,581
Direct Costs
Direct Costs $1,772,897 $1,863,218 $1,958,140 $2,057,899 $2,162,739
Total Direct Costs $1,772,897 $1,863,218 $1,958,140 $2,057,899 $2,162,739
GROSS PROFIT $2,679,062 $2,957,498 $3,261,877 $3,594,493 $3,957,842
GROSS PROFIT % 60.2% 61.3% 62.5% 63.6% 64.7%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $2,581,977 $2,857,467 $3,158,811 $3,488,301 $3,848,427
Depreciation $37,000 $37,000 $37,000 $37,000 $37,000
Amortization $0 $0 $0 $0 $0
EBIT $2,544,977 $2,820,467 $3,121,811 $3,451,301 $3,811,427
Interest Expense $31,000 $31,000 $31,000 $31,000 $31,000
PRETAX INCOME $2,513,977 $2,789,467 $3,090,811 $3,420,301 $3,780,427
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $2,513,977 $2,789,467 $3,090,811 $3,420,301 $3,780,427
Income Tax Expense $879,892 $976,313 $1,081,783 $1,197,105 $1,323,149
NET INCOME $1,634,085 $1,813,153 $2,009,027 $2,223,195 $2,457,277
Net Profit Margin (%) 36.7% 37.6% 38.5% 39.3% 40.1%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,572,632 $3,399,049 $5,419,115 $7,661,770 $9,816,038
Other Current Assets $382,140 $413,792 $448,067 $471,032 $510,048
Total Current Assets $1,954,772 $3,812,842 $5,867,183 $8,132,803 $10,326,086
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $185,000 $185,000 $185,000 $185,000 $185,000
Accum Depreciation $37,000 $74,000 $111,000 $148,000 $185,000
Net fixed assets $148,000 $111,000 $74,000 $37,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $2,102,772 $3,923,842 $5,941,183 $8,169,803 $10,326,086
LIABILITIES & EQUITY
Current Liabilities $158,687 $166,602 $174,916 $180,340 $189,346
Debt outstanding $310,000 $310,000 $310,000 $310,000 $0
Total Liabilities $468,687 $476,602 $484,916 $490,340 $189,346
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,634,085 $3,447,239 $5,456,266 $7,679,462 $10,136,740
Total Equity $1,634,085 $3,447,239 $5,456,266 $7,679,462 $10,136,740
TOTAL LIABILITIES & EQUITY $2,102,772 $3,923,842 $5,941,183 $8,169,803 $10,326,086

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $1,634,085 $1,813,153 $2,009,027 $2,223,195 $2,457,277
Change in Working Capital ($223,453) ($23,736) ($25,960) ($17,541) ($30,010)
Plus Depreciation $37,000 $37,000 $37,000 $37,000 $37,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $1,447,632 $1,826,417 $2,020,066 $2,242,654 $2,464,267
CASH FLOW FROM INVESTMENTS
Fixed Assets ($185,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($185,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $310,000 $0 $0 $0 ($310,000)
Net Cash Flow from Financing $310,000 $0 $0 $0 ($310,000)
Net Cash Flow $1,572,632 $1,826,417 $2,020,066 $2,242,654 $2,154,267
Cash at Beginning of Period $0 $1,572,632 $3,399,049 $5,419,115 $7,661,770
$1,572,632 $3,399,049 $5,419,115 $7,661,770 $9,816,038

 

What Is an Equine Therapy BusinessPlan?

An equine therapy business plan is a document that outlines the strategies you have developed to start and/or grow your equine therapy. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your equine therapy business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Equine Therapy Business

A business plan is required if you are seeking funding for your equine therapy. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, an equine therapy business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Equine Therapy BusinessPlan Template PDF

Download our Equine Therapy Business Plan PDF to help guide you as you create your business plan for your own equine therapy.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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