Nicely bred 2 year old Smarty Jones fillies available: 5% shares

[randallscott35]

Originally Posted by Scav

I apologize for not answering your 2nd question.

The costs have been figured from two years of numbers from being in business with Chuck.

We have decided that a partner can choose to pay a fixed monthly invoice of $180 per 5% share if they so choose. This will help cut down on the partner writing multiple checks for low sums per month. This number was figured off of the average cost of $3600 per month for one horse. They can also elect to be invoiced from our vendors if they so choose.

The only thing the $180 monthly invoice will not cover is
-- Nominations over $1,000
-- Surgeries
-- Any plane flights (which would only happen for a graded stakes race)

We are very excited in the interest these girls have attracted and looking forward to a successful summer/fall of racing them.

Any questions at all please don't hesitate to PM me or post on this thread.

I figured you thought I was spamming...Thanks for the answer.

[Port Conway Lane]

Hi Tom, thanks for the information I inquired about recently. I have other questions I wanted to ask.

If a horse is taken out of training for say 3 months what are the costs of keeping the horse on the farm compared to keeping her under training ?

Also I was wondering if the horse doesn't pan out as expected as a racehorse and has some value as a broodmare what are the costs of owning her for breeding.

Thank you.

[phystech]

Can you break down your estimated $3600 per month into individual estimated costs, i.e., day rate, vet bill, van bill, etc.

Assume 10% purse commission to Chuck - would that be on all purses or only on top 3 purses?

Any management fees?

Any voting rights or is this a silent partnership?

[Scav]

Originally Posted by Port Conway Lane

Hi Tom, thanks for the information I inquired about recently. I have other questions I wanted to ask.

If a horse is taken out of training for say 3 months what are the costs of keeping the horse on the farm compared to keeping her under training ?

Also I was wondering if the horse doesn't pan out as expected as a racehorse and has some value as a broodmare what are the costs of owning her for breeding.

Thank you.

Hey PCL, the $180 fixed cost is when your 'share' is in full training. If for some reason she needed a break, it would be less then $180 and the 5% equivalent would be approx $50. This number really depends on what is going on with the particular horse.

Broodmare value is dropped over the last couple years because of the economy, even so, we probably wouldn't keep them for breeding purposes. This is a racing agreement. I will say that because of the 'bottom side' of alot of these fillies, if they were to win some races, they would have some broodmare value.

Originally Posted by phystech

Can you break down your estimated $3600 per month into individual estimated costs, i.e., day rate, vet bill, van bill, etc.

Assume 10% purse commission to Chuck - would that be on all purses or only on top 3 purses?

Any management fees?

Any voting rights or is this a silent partnership?

Chuck is managing these horses. Partners have every right to voice their opinions and they will be noted, Chuck is obviously going to do what he thinks is best for the horse, but like always, he is going to customize to his owners. I think a perfect example is where he has raced alot of the DT horses, I think he has done pretty good running them where they belong, and at tracks available to the partners. The people currently involved are in it for the love of the game, and their main goal is to break even and have alot of fun.

Some months cost $3200, some months cost $4k. I pulled the $3600 average from 2 years of solid data.

Here would be an approx breakdown:
Day rate: $2400
Supplements: $150
Blacksmith: $150
Vet: $400
Transportation, Dental, Insurance, Jock Mount fees, Licensing, Pony to posts, Ponying, Stall rent: Variable

[phystech]

What is the set-up of the business entity? LLC? GP? Inc?

Will the business be insured?

Thanks for the breakdown of costs! Nicely done!!!

I've always got some partners that are interested in babies so I'll run it by them. We've got some cash lying around so it might be interesting to jump in on a couple shares.......

[DerbyCat]

I have purchased shares in two of the fillies and am already impressed with the management by Scav and Chuck. Great communication and they have a Facebook page and blog, both are regularly updated. I have owned a low level claimer in California and found that it was a money suck. I wanted to still own a race horse but not put a ton of money into it - this seemed like an easy way to do it. If you want to own a piece of a race horse that may have potential and be involved with some knowledgeable guys, this is a good opportunity.

[Danzig]

i'm tempted....but i really need to buy windows.

[Scav]

Originally Posted by phystech

What is the set-up of the business entity? LLC? GP? Inc?

Will the business be insured?

Thanks for the breakdown of costs! Nicely done!!!

I've always got some partners that are interested in babies so I'll run it by them. We've got some cash lying around so it might be interesting to jump in on a couple shares.......

The horses will most likely be run under "Charles Simon, Paul Harte, and Paul Harte's Friend" but I will have to confirm that with Chuck. There is no reason for everyone to pay for licensing on a 5% share,when some states, like KY, are over $100 to get licensed.

We are not setting this up as an LLC or partnership, just a bunch of people jumping in on small shares on some nicely bred fillies