Bestway Retail is to sell off more of its stores as part of the ongoing ‘Project Endeavour’.
Specialist business property adviser Christie & Co has been instructed by Bestway Retail Ltd, to market 22 of its stores across the UK, in the second phase of the project.
All of the stores were acquired from the administrators of Bargain Booze Ltd in 2018 when Bestway Wholesale created Bestway Retail Ltd to manage the assets of the former Bargain Booze Ltd.
In August 2020, Christie & Co. was instructed to sell 37 Bestway stores in the first phase of Project Endeavour.
The properties are available for sale on a leasehold and freehold basis and have a final bid deadline of Wednesday 25 August.
Director of retail at Christie & Co Mark Kaluza said: “We are delighted to continue assisting Bestway with the sale of some excellent off-licences and convenience stores. As this is now our second tranche of divestments, from our experience of running the first release, these stores will strongly appeal to existing retailers looking to take over management run stores in their local area or new owners looking for their first purchase, having worked in the convenience retail sector for someone else.
“Bestway have been able to offer buyers franchise agreements to trade their Bargain Booze brand to support retailers whilst also being open to sell them free-of-tie to their trading names. There is certainly no better time to acquire a new retail business, when demand from communities is so high.”