One station, ten years: P&L, payback and IRR
Rough operating model for a single Recovery Station. Every number is adjustable; the table, payback and IRR recompute live. Defaults are grounded in Cyprus electricity tariffs and researched sauna / chiller consumption — see notes at the bottom.
Revenue drivers
Operating costs
Capital & return targets
Pagoc's take per station sold
The investor's case is Pagoc's: every station sold books the margin above and opens the recurring service line. The operator P&L below is the proof that the purchase pays for the buyer — the numbers that make the sale repeatable. One business plan validates the other.
| Year | Visits | Revenue | Venue share + fees | Electricity | Other opex | Capex | Net cash | Cumulative |
|---|
| Visits/day | Annual revenue | Net cash/yr (steady) | 10-yr IRR | Payback |
|---|
Where the defaults come from.
Electricity: Cyprus commercial all-in cost ≈ €0.26/kWh (energy + network + levies + VAT); default set slightly conservative at €0.28.
Sauna: a 9 kW heater runs full power for ~1 h heat-up then ~50% duty to hold temperature; over a ~10 h operating day that lands near 45 kWh/day.
Chiller: a 1 HP class chiller holding ~3 °C uses ~5 kWh/day in mild ambient; outdoor Cyprus summer plus session turnover roughly doubles it, hence 12 kWh/day.
Rent: Cyprus yard/warehouse-grade space runs ~€3–7/m²/month; ~30 m² footprint + deck → ~€150–250/month, or model a venue revenue share instead.
The model is unmanned (bookings and access via the app); add a staff line into "Cleaning & site visits" if a host is required.
Net cash ≈ EBITDA; no tax, financing or residual value is modelled.
The two modes. Mode 1: Pagoc is producer and operator — investment is the real build cost and the returns shown are Pagoc's. Mode 2: Pagoc sells the station (price incl. software, service & support) and the buyer runs the recovery business at their own venue — investment is the sale price, the returns shown are the operator's, footprint rent defaults to zero (it's their own site), and Pagoc earns the product margin plus a recurring maintenance + SaaS fee (free for the first years bundled in the price; the operator's own software line drops to zero since Pagoc provides it, and the fee lands in the operator's "other opex" from the first paid year). Switching modes resets rent, revenue share and software cost to the mode's defaults.