A young entrepreneur has secured £550,000 funding to support the expansion of his hospitality business.
Louis Dixon, 22, founder of The Deep Beat Entertainment cafe plans to build on the 13 sites he already operates across the UK in parks and leisure centres by expanding into the travel and tourism sector.
The funding from Leeds-based Fresh Thinking Capital will support the acquisition of Watermouth Lodges in Ilfracombe from a private vendor.
The holiday park will be the first site to operate under the new ‘Park Life Resorts’ brand.
Mr Dixon created Deep Beat Entertainment after identifying a gap in the market for a socially conscious café which could operate sustainably in highly seasonal trading environments such as public parks.
The company has rapidly expanded from its first cafe in West Park, Macclesfield, two years ago and is on track to turnover over £3m this year.
He said: “We have big plans over the next few years with continued growth in the cafe industry and UK staycations. Consumers are seeking to make the most of their leisure time and seek out a premium product and service. Our approach is a proven model that provides growth and creates much-needed jobs.
“At an unprecedented time in the UK economy, Fresh Thinking Capital moved quickly to help us acquire a business in a tight timeframe. It’s great to see a funder who will support young entrepreneurs, and thanks to Fresh Thinking’s advisory nature and support, we had a partner in the deal.”
Watermouth Lodges offers accommodation in a 12-acre woodland setting overlooking Watermouth Harbour. The one to four-bedroom lodges provide privacy, and some come with hot-tubs.