What’s Your Ranch Worth?

What’s your horse ranch worth? No, I’m not speaking in sentimental terms, but in the cold, hard parameters of cash. If you own the land itself, you have a good starting point. And even if you’re a lessee, you may be able to come up with a decent “ballpark” estimate for enclosed barns, tack rooms, workers’ quarters, pipe corrals, tractors–you name it–the tangible stuff. But what about your customer/client lists? Folks like boarders, trainers and so on….And how ’bout that good ‘ol thing called “goodwill?” What the heck is that worth? If you’re contemplating selling or leasing your operation–or taking on a partner–a professional valuation may be quite helpful. Whatever you do–don’t shortchange yourself, and remember to include every facet of your equine business when disclosing “financials.” Wishing you the best in luck–Moss Gropen, Esq.