Bestway puts properties up for sale

Wholesalers

Bestway has put a selection of its properties up for sale.  

The wholesaler acquired the stores from the Bargain Booze administrators in 2018. 

The retailer is selling the assets through property agents Christie & Co, and will accept offers until the final bid deadline on August 25.   

Representatives for the property firm said that the retailer is removing the assets from its portfolio because they “no longer fit Bestway Retail’s future strategy.”  

The firm has worked with Bestway since 2020, and has sold multiple Select Convenience, Central Convenience, Wine Rack and Bargain Booze locations for the company.  

READ MORE: Morrisons bidder plans convenience store empire

The wholesaler has seen a successful string of sales due to strong buyer demand for retail assets after the Covid-19 pandemic boosted trade for many operators.  

“We are delighted to continue assisting Bestway with the sale of some excellent off-licences and convenience stores”, Christie & Co. retail director Mark Kaluza said.  

“These stores will strongly appeal to existing retailers looking to take over managements 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.” 

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Wholesalers

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