Surfworks Myrtle Beach is a 17-acre surf and adventure park featuring the most successful artificial wave technology in the world. Surrounding the surf pool will be a tropical beach-themed atmosphere with a mix of retail, restaurants, bars, and accommodations. The surf park will not only be an attractive destination for local residents but also capture some of the millions of leisure tourists that visit Myrtle Beach every year. The project is now in the permitting process and has opened its Series-A capital raise to accredited investors.
Surfworks Myrtle Beach has opened it’s Series-A capital raise and this is available to accredited investors. To learn more about this opportunity, click on the button below.
(Market Research by Colliers International)
200,000 paying visitors in a stabilized year
62% of visits will be to surf with remaining visits made up of people coming to watch, eat and/or enjoy the other activities around the lagoon
120,000 surfers will purchase 152,000 surf hours (51% of available capacity)
KEY PERFORMANCE INDICATORS
(2 Years Build + 10 Years Operation)
Capital Budget: c. $50m
Year 10 Income: c.$29.6m (inflated)
Year 10 Expenditure: c. $15.7m (inflated)
Year 10 EBITDA: c. $13.9m (inflated)
Projected Unleveraged IRR 24.6%