A confidential rebuild for LaFleur Stables & the Madison Riding Academy — southern Wisconsin's only saddle-seat academy, continuously operated on Meadow Road since 1965.
Neva — before anything else: you have built something almost nobody else has. Sixty-one years on Meadow Road. The only saddle-seat academy of any scale between Chicago and Minneapolis. A co-located dog daycare in a beautiful facility. A name — Madison Riding Academy — that generations of Dane County families still recognize.
The past year has been brutal. Losing the boarders and show clients at the same time hollowed out the barn's two highest-value revenue streams, and forty-five lessons in March tells you what you already feel — the math isn't working right now. That is the honest part.
The good news: the problem is not that you need three more horses. The problem is pricing, program structure, and reaching the people who already want what you have. Three more horses without the rest is just more hay bills. The Kentucky lease arrangement is real, useful, and part of the answer — but it is lever three, not lever one.
This plan is the roadmap. Start with this week. Then this month. Then the twelve months after that.
None of these cost real money. Every one of them moves the number.
You are at $50. The Madison / Verona market in 2026 is $65–85 for beginner privates and $80–110 for intermediate. You are the only saddle-seat option in the region. There is no substitute for what you teach. You are underselling your own scarcity by twenty to forty-five percent.
Not a campaign — one post. "After sixty-one years at Meadow Road, LaFleur Stables is taking new Academy students for summer. DM to book a lesson." Tag Verona Area Community Page. Ask five current families to share it.
For each of your two lesson horses, write: age, soundness, realistic weekly lesson capacity, expected useful years remaining. Do the same exercise for any horse the Kentucky owner wants to send. A twenty-two-year-old school horse doing fifteen lessons a week is a different business plan than a twelve-year-old doing twenty-five.
Last twelve months: revenue, operating profit, average daily census. That is it. Three numbers. Everything downstream depends on whether the daycare is carrying the building or not.
Before any horse leaves the farm: 24-month minimum with 90-day termination notice. First right of refusal at a fixed price ($3,500–5,000 per horse). Current veterinary condition at handoff. Insurance responsibility. Return terms if a horse becomes unrideable.
Sequence matters. Do it in this order.
A term-based group program structured around the saddle-seat academy model — the single most reliable revenue engine in the discipline, per UPHA and Saddle & Bridle.
Cohorts of four to six students grouped by age and skill. One 45-minute mounted group lesson per week plus 15 minutes of horsemanship. Ten-week terms, three terms per year. End-of-term "Academy Night" showcase. Clear progression so every family knows where their rider is and what is next.
Mount, steer, halt. Groom and tack up with supervision. Basic horse behavior and stable safety.
Develop posting trot, transitions, basic patterns. Tack up independently.
Introduce canter, ride figures, begin collection and rhythm — the foundation of saddle seat.
Refine position, memorize patterns, practice ring work and reverse of direction.
UPHA Challenge Cup, Morgan & Saddlebred Academy shows, in-house Meadow Road schooling shows.
| Program | Per Term (10 wks) |
|---|---|
| Academy, Levels I–IV (group of 4–6) | $550 |
| Academy Show Team add-on | +$200 |
| Private lesson, beginner | $65 each |
| Private lesson, intermediate / advanced | $80 each |
| Semi-private (two riders) | $120 each |
Sibling discount · payment plans available · ten percent off any camp or birthday party for Academy families.
Verona's only saddle-seat horse camp. Ages 7–12. Every camper, every day, rides twice.
LaFleur Stables has been on Meadow Road since 1965. I've spent my life teaching kids what horses teach — patience, confidence, responsibility, and a sense of wonder that almost nothing else in childhood delivers. Summer camp is the most joyful week of our year. I hope your camper is part of it. Neva LaFleur
Industry benchmarks for what profitable barns actually look like — and where this plan lands, against the base, downside, and upside cases.
The top 11% all share three characteristics — multiple revenue streams, pricing at or above market, and a niche competitors cannot copy. LaFleur is already the third. This plan builds the first two.
To fund the Kentucky horse program, retraining, marketing, and 90 days of working capital — with an 18-month path to $55–85k of annual contribution margin.
| Horse transport KY → WI | $3,500 |
| Intake veterinary, Coggins, health certificates | $1,500 |
| 90–120 days professional saddle-seat retraining | $9,000 |
| Saddle-seat tack (3 horses) | $4,500 |
| Insurance, year one | $2,000 |
| Marketing, website, Academy & camp launch | $6,000 |
| Working capital (90-day reserve) | $5,500 |
| Contingency (10%) | $3,000 |
| Total capital ask | $35,000 |
Eight percent of gross lesson plus camp revenue until 1.5× capital returned. No monthly debt service burden. Expected payback: 30–42 months in base case.
Six percent interest, interest-only year one, amortizing years two through five. Personal guarantee. Collateralized on tack, equipment, and buyout options.
Tangible upside from a real operating business with a defensible niche.
Connection to a beloved sixty-one-year Verona institution.
Founding-sponsor designation, lobby plaque, named-stall option, lifetime Academy Night invitations.
Quarterly reporting against the 18-month plan with monthly KPI dashboard.
First right of refusal on any future capital round.
Access to all diligence materials: trailing P&L, KY lease term sheet, vet records, insurance, references.
What this plan is built on — the sources, benchmarks, and playbooks behind every recommendation.
The gold-standard reference on lesson-barn unit economics — revenue per horse, lessons per week, program structure.
Saddle-seat-specific analysis of why the academy group-lesson model is the most profitable structure in the discipline.
Free resource for UPHA member barns — curriculum, pricing, progression, and show-team structure for saddle-seat academies.
Contribution margin, gross margin, and net margin targets for multi-program equestrian operations.
Practical, copyable revenue-diversification ideas from operating lesson barns nationwide.
Operational fundamentals for running a lesson and boarding facility profitably.
Two operating saddle-seat academies worth studying — one nonprofit, one private — both excellent templates for LaFleur.
Every new rider begins with a free 30-minute visit — a tour of the barn, a meeting with the horses, and a look at the Academy in progress.