Wed, 11 Aug 2021 | COMMERCIAL PROPERTY
Bestway Retail has tasked Christie & Co with bringing 22 stores to market under the second phase of a plan to sell unwanted stores. The 22 stores are from a variety of brands including Bargain Booze, Select Convenience, Central Convenience and Wine Rack.
The stores were acquired in 2018 when Bestway Wholesale acquired the former assets of Bargain Booze Ltd from the administrators of Conviviality Group. The company created Bestway Retail at that time to manage the portfolio. The stores in the portfolio are available on a leasehold or freehold basis and the deadline for bids to be submitted to Christie & Co is August 25.
The tranche is the second phase in Bestway’s Project Endeavour, the first phase of which saw Christie & Co market 37 stores in August 2020.
Christie & Co Director of Retail Mark Kaluza commented: “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.”
View the latest distressed UK businesses here.
A well-established fashion boutique in Cheshire with a loyal customer base and a strong reputation is now available for acquisition.
LEASEHOLD
Opportunity to acquire a well-established business specialising in premium kitchens and bathrooms, situated in the desirable location of Cheam, Surrey.
LEASEHOLD
By far one of the finest garden centres we have had the privilege to offer to the open market. One of the largest and best kept and maintained garden centres in the UK, surrounded by the most affluent suburbs of Leeds and Harrogate and just minutes f...
LEASEHOLD
02
|
Jul
|
Acquisitive professional services firm secures new private equity owner | BUSINESS SALE
A professional services firm that has completed 16 acquisiti...
02
|
Jul
|
£53m-turnover vehicle rental firm falls into administration | ADMINISTRATION
A Stoke-on-Trent-based vehicle rental and contract hire firm...
02
|
Jul
|
Education services provider Empowering Learning Group sold by Graphite Capital | BUSINESS SALE
UK investor exits market-leading, high-growth education serv...
10
|
Dec
|
100-year-old pharmacies bought out of administration | BUSINESS SALE
Two pharmacies in Derbyshire with a century of history betwe...
21
|
Oct
|
Kids Planet expands footprint with new nursery acquisition | BUSINESS SALE
Family nursery group Kids Planet has further expanded its na...
06
|
Aug
|
Llandudno seafront hotel brought to market for £1.25m | COMMERCIAL PROPERTY
The Cae Mor Hotel on Llandudno’s seafront has been bro...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.