Swansea-based Bodacious Beds will embark on ambitious growth plans to acquire up to 15 new venues over the next five years across South Wales, Birmingham and Bristol.
Bodacious Beds offers guests boutique style, short stay accommodation at affordable prices in South Wales and have an annual turnover of £800,000 employing 25 staff.
The husband and wife duo behind the business became part of NatWest’s business accelerator programme formerly known as Entrepreneurial Spark in October this year.
The business was founded in 2017 by Lloyd and Marta Smith who started out by investing and renovating residential properties to sell on or rent out.
The couple began with their first guest house, The Whitehouse in Swansea, and then opened sister venue The Alexandra, also in Swansea, a few months later.
A further two guest houses have since followed and Lloyd and Marta now hope to secure a refinancing package from NatWest to acquire further sites across South Wales, Bristol and Birmingham.
The pet-friendly venues offer free Wi-Fi, discounted rates on food and drink at nearby restaurants and are in close proximity to some of the region’s top tourist locations.
Co-founder Lloyd said: “Being around like-minded entrepreneurs and having access to support and advice from the programme’s mentors and finance experts have helped us focus growth plans.
“Feedback from our guests is consistently positive and we are currently operating at a 92% occupancy rate, our plan now is to build on this. Working with NatWest we are now looking at refinancing the business to support our acquisition strategy.”
Natasha Hopkins, relationship manager at NatWest, said: “Lloyd and Marta have used their experience working in the property industry to create a successful guest house business which has gone from strength to strength. Not only are they offering a unique experience for their guests but are contributing to the South Wales tourism economy and are creating new jobs.”