Press Releases BP "CONNECTING" WITH SOUTHERN FLORIDA: BP OFFERS NEW FRANCHISE OPPORTUNITY AND OTHER SELECT SITES UP FOR SALE
NAPERVILLE, IL – February 1, 2006 - NRC Realty Advisors, LLC announced today that it has been retained by BP Products North America Inc. to coordinate
the sale of 18 operating convenience and gasoline retail sites as well as 9 non-operating surplus properties in the Orlando/South Florida market.
Twelve of the 18 operating sites are being offered for sale by BP with new 20-year BP Connect franchise and fuel supply agreements and the other six
will be BP-branded dealer-owned and dealer-operated businesses. The sites are generally located in the South Florida market with two surplus non-operating
sites located in the Orlando market.
BP plans to build its brand through a network that includes a mix of company-, jobber-, dealer- and franchisee-owned convenience and gasoline retail
locations. As part of normal on-going business activity, BP reviews its network of branded sites to determine how best to serve customer needs and yield
best overall performance for the company in each market and site location. In January, the company announced that it is extending its successful
experience in franchising with am/pm mini markets in the Western US to a new BP Connect Wild Bean Café franchise offer in the Eastern and Midwestern US.
The twelve franchise agreements that are being offered for sale this year in Florida will be the first franchises for BP East of the Rockies.
The locations will be sold through a sealed bid sale in a "buy one, some or all" format with bids due on Tuesday, April 4, 2006. A complete list of
sites and information on submitting bids is available online at www.nrc.com/508, or by calling the NRC Customer Service Center at 800.747.3342, ext. 508.
NRC will conduct a How-To-Bid Seminar® on Thursday, February 23, 2006, in Fort Lauderdale, Florida. Attendance at a How-To-Bid Seminar® is required
in order to bid on BP branded sites. For reservations, please contact the NRC Customer Service Center at 800.747.3342, ext. 508.
NRC has made available, a comprehensive color sales brochure and a Property Specific Package (PSP) for each property, which contains store level
information and bidding terms of sale. Each PSP is available at $35 for a hard copy and $25 for a CD-ROM. To order a PSP please contact the NRC
Customer Service Center at 800.747.3342, ext. 508, or order online at www.nrc.com/508.
NRC Realty Advisors, LLC, specializes in the accelerated sale of petroleum industry property and commercial real estate throughout the US, Mexico
and Canada, and has sold over 10,000 properties since its inception in 1989. Since 2003, NRC has coordinated the sale of more than 1,600 sites
aggregating over $560 million in sales. Clients include major oil companies, such as Sunoco, Inc., BP Products North America Inc. and Shell Oil
Company; well-known convenience store chains and leading franchise and commercial lenders, including GE Capital Franchise Finance Corporation,
Bank One Corporation and Wachovia Corp, other retailers including K Mart; and independent retailers and distributors throughout the country.
BP Connect store sites, like all BP retail sites, offer Amoco branded fuels, consistently rated highest in quality in consumer surveys. The full
slate of Amoco gasolinesŅAmoco Regular, Amoco Silver and Amoco Ultimate, BP's uniquely formulated, low-sulfur and lower-emissions premium
gasolineŅare available.
BP markets more than 15 billion gallons of gasoline every year to US consumers through 14,000 retail outlets. All Amoco fuels are backed by a
written guarantee. BP is the single, global brand formed by the combination of the former British Petroleum, Amoco Corporation, Atlantic Richfield
(ARCO) and Burmah Castrol.
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