Businesses hoping to take over former Thomas Cook shops have until 5pm today (Monday) to put in final offers.

However, the high costs and liabilities involved are understood to be a sticking point for some potential bidders.

Welsh agency chain Tailor Made Travel last week reversed a plan to take over 10 former Cook locations, citing a £35,000 fee per shop before the costs of repair and refurbishment.

A letter to interested parties from estate agent Savills said properties are to be “unconditionally assigned with no variations to the terms and in their existing conditions” and confirmed assignees would be responsible for all arrears from September 30.

While not binding, bidders are also required to outline their plans for former Cook staff, with the letter stating: “The liquidators would like to understand the assignee’s intentions as to former Thomas Cook employees and a brief supporting paragraph covering this aspect is required.”

In a statement to Travel Weekly, the liquidators said: “The Official Receiver, as liquidator of the Thomas Cook group of companies, will be looking to achieve the best price for all available assets, including the portfolio of Thomas Cook retail units, for the benefit of creditors.”

MoreCAA chief hails Thomas Cook repatriation ‘a success’

Thomas Cook bosses ‘were warned creditor claims could hit £10bn’

Union demands to know why government allowed Thomas Cook to go under