The Wakepark
wakeparksthailand.com ↗Thailand has 14 cable wake parks - zero in Rayong or the Eastern Economic Corridor, where 180,000 registered foreign workers and 24.78M Chonburi visitors a year sit without one. The Wakepark is a premium 3-cable facility on 15 rai, converting an audience that Wakeparks Thailand already owns into a physical venue. Asia Pacific is the fastest-growing cable wake market globally at 9.2% CAGR.
KEY STATS
BUSINESS MODEL
- 01Day passes: 900 THB weekday / 1,100 THB weekend (2-hour session)
- 02Memberships: 3,500 THB / month unlimited or 28,000 THB annual
- 03Lessons: 1,200-2,500 THB per person (group to private coaching)
- 04F&B: 350-480 THB avg spend, 65% gross margin, 75-83% rider capture
- 05Events: corporate offsites 80-120K THB, birthdays 25-40K THB, comps 150-300K THB
- 06Phase 2: SUP / inflatable park / yoga / accommodation (~7.5M THB / yr)
WHY NOW
Chonburi province alone pulled 24.78M visitors in 2024 (+17.9% YoY) with zero cable parks in the EEC. The Wakeparks Thailand media channel already owns top-of-funnel search and captures the existing intent - every other operator in the country has to buy traffic. Land in Rayong is still affordable. Asia Pacific adventure tourism is compounding at 19.8% CAGR through 2033.
5-YEAR EXIT PLAN
Single-asset leisure business. Y5 EBITDA ~USD $1-1.3M plus freehold land appreciation in the EEC. Not venture math - hospitality / adventure-tourism math.
- 01Sale to a Thai hospitality or adventure-tourism operator
- 02Franchise / brand licence into 2-3 secondary Thai markets
- 03Refinance at Y3, return capital, continue to compound
Figures above are forward-looking targets based on current assumptions and are not guaranteed. Actual performance may differ materially. See full disclosure.