SwellSpot VA · Prototype
SwellSpot prototype lagoon aerial, Mechanicsville concept
Confidential · Concept render · not a photograph of the parcel
Mechanicsville · Hanover County · Virginia

Build the wave first. Sell tickets second.

A commercial prototype lagoon on a Richmond-metro parcel. Right-hand wave. Beginner, intermediate and advanced settings. Members and public guests. Second half of the lagoon after year one.

The cheque
$650k
Equity
15%
Land
$500k
Year-1 mortgage
$31,644
01 · How it opens

Prototype. Then pre-sales. Then the shack.

We are building a commercial prototype in Mechanicsville, Hanover County. The lagoon goes in first so people can see a wave. Tickets and memberships are then pre-sold eight weeks out. That money pays for the ticket counter, board storage, bathrooms, snack shack and working capital. The first bay is a right-hand wave — half the finished lagoon. The second half follows after about a year, or sooner if cash is on hand.

Now

Build the prototype

Right-hand bay. Patented plungers over a designed reef. Three skill settings on one plant: 3–4 ft learn / intermediate, 6–7 ft advanced.

After it is visible

Pre-sell eight weeks

Hourly sessions and memberships sold against a wave people can watch. Proceeds fund infrastructure and opening runway.

Then

Open. Add the left later

Basic infrastructure first. Second half of the lagoon from trading cash and capital on hand. Long-term partner, not a twelve-month flip.

02 · The product

One plant. Three skill levels. A swell every 8.5 seconds.

Hydraulic plungers and stored energy make a readable wave over an artificial reef. Beginners learn on the smaller setting. Intermediates and advanced riders stay when the face comes up. Private membership club and public guest access.

SwellSpot lagoon angle render with containers and beach
SpecPrototype
SiteMechanicsville / Hanover County, VA
Wave 1Right-hand · 3 skill settings
CycleA swell every 8.5 seconds
Heights3–4 ft learn / intermediate · 6–7 ft advanced
Wave 2Left-hand half · after year one
AccessMembers + public guests
03 · The wave on camera

Watch the plant throw a swell.

Facility and plunger footage. Concept site renders sit below. Neither is a photograph of the Mechanicsville parcel.

04 · Capital

$650,000 builds the wave and puts money down on the land.

The investor cheque is Stage A. Stage B is pre-sales after the prototype is riding. Land can be mortgaged so cash is not locked in a $500,000 purchase.

UseUSD
Surf lagoon prototype (half / right-hand)$500,000–$550,000
Land purchase price$500,000
Land down payment (mortgage path)$100,000
Year-1 mortgage ($2,637 × 12 at 6.91% on ~$400,000)$31,644
Basic infrastructure after pre-sales$305,000
Working capital (~4–5 months)$332,000
Cash to finish if land is mortgaged$1,268,644
Cash to finish if land is bought outright$1,637,000–$1,687,000
SourceUSD
Investor — Stage A, now$650,000
What Stage A is forPrototype + $100k down + year-1 mortgage + thin contingency
Pre-sales — Stage B, after the wave is visible$637,000 target
Bank — land mortgage~$400,000
Equity offered for Stage A15% of Swellspot Wave Company, LLC
Implied post-money (founder-set)$4.33m ($650k ÷ 0.15)

$650,000 does not pay for bathrooms, the snack shack, or five months of opex. Those sit in Stage B. $2,637 still leaves the account every month from land close, whether or not the lagoon is open. Partial cheques can be stacked if the full $650,000 is split across more than one partner.

05 · What the deck forecasts

Those $9m years are a finished two-break park. Not month one of the prototype.

The partner deck shows revenue for a full two-break facility once both halves are open. It is a founder forecast, 3% a year, not audited books and not the prototype year. Distributions start after the first bay is open and trading — not the day the cheque clears.

Year 1Year 2Year 3
Deck revenue (full lagoon)$9.09m$9.37m$9.65m
Deck operating costs$791,165 opex + $813,800 payroll
Deck EBITA (as printed)$7.31m$7.53m$7.75m

Treat the $9m line as the long-range case for both breaks, not the underwrite for a $650,000 prototype cheque. Pre-sales, winter days and ramp will print a smaller first year.

06 · How it looks

Container clubhouse. Beach. One bay first.

Urban SwellSpot concept with boardwalk and beach
Aerial of rectangular lagoon, parking and containers

Renders are concept. Wave size and crowding are illustrative. Geometry is confirmed at contractor take-off.

07 · After Mechanicsville

Five to seven sites a year is the ambition. This cheque funds site one.

With owned plungers and a lower build cost than destination parks, the plan is to roll compact lagoons across inland US metros, then decide whether to keep growing or exit. That is a seven-year partner conversation. It is not funded by the $650,000. Site one has to print books first.

08 · Who is building it

Walter on the wave. Mark on the plant.

WB
Product · venue

Walter Bennett

CEO, Swellspot Wave Company. Inventor of the plunger and reef system. Eleven patents in the pursuit of a readable inland wave. Owns the guest product and the Mechanicsville raise.

MB
Plant · engineering

Mark Bliss

Chief Engineer. Partner since 2017. Owns how the hydraulics, reef and basin go together so the prototype is a facility, not a sketch.

09 · The ask

$650,000 for 15%. Long-term partner.

Now $650k

Prototype lagoon, $100,000 land down, first year of mortgage, thin contingency. 15% of Swellspot Wave Company, LLC — including the existing plunger technology.

After the wave is visible $637k

Pre-sale target. Infrastructure $305,000 + working capital $332,000. Then we open.

Year 2 Bay 2

Left-hand half from trading cash and capital on hand. No promise that this cheque funds a national roll-out.

Call Walter · (804) 244-0323 Request the data room

NDA before drawings. Figures are founder-stated, September 2026. Capital at risk. Not an offer of securities. www.swellspot.com