With high user capacity, relatively low capital expenditure and manageable operating expenses, the financials for the Cove - as mapped out by Colliers International Destination Consulting - provide the pathway for a profitable business.

Available for small and large footprints and fully customizable this innovative sports facility built around surfing represents a sound investment as a stand-alone or mixed-use development, providing a potential annual EBITDA of over 2m € per year and an IRR above 20% (calculations for a stand-alone facility).

1.8 m WG COVE 2.1 m WG COVE 2.4 m WG COVE
Approx. facility Investment* Aprox . 14m€ To be defined on a project by project basis
Wave freq./hr
(8 sec interval)
Up to 1000 expert waves
User Capacity/hr 100 surfers
Estimated EBITDA** Above 2m €
Estimated IRR** Above 20%

* The capital investment includes: Lagoon site preparation and erection, wave generating system, water treatment system, main buildings, outdoor areas and service building, online booking system, development costs and contingency and facility launch.

** Estimates, as calculated by Colliers International Destination Consultants, are for a complete, stand-alone installation (in Spain), excludes land costs and will vary depending on the specifics of each location. Calculations refer to a 7 year exit, with capital leveraged at 50%.