Press Releases
BP OFFERS ampm FRANCHISES IN ATLANTA METRO AREA
BP offers for sale 83 sites for convenience retail franchises;
4 BP gasoline stations and 17 commercial sites
CHICAGO, IL, March 22, 2007 – NRC Realty Advisors, LLC (NRC) announced today that it has been retained by BP to coordinate the sale
of eighty-three sites in the Atlanta metro area to be re-imaged or developed as ampm franchise stores with BP branded gasoline stations.
Franchising these sites as ampm is in line with BP's strategic plans to expand and grow the brand to reach more consumers with its products and services.
"Our goal is to build and recruit a franchise network East of Rockies that complements our already distinctive BP brand," said Ben Amante,
BP's vice president of franchising in the U.S. "We are offering franchise buyers the rare opportunity to purchase a franchise with real
estate rights. We also see an opportunity to reflect the diverse communities where we operate by appealing to minority business people
looking to franchise in the community. We look forward to building a strong network of franchisees to help us grow our business and
deliver our products and services to more consumers."
Of the eighty-three sites to be branded as ampm franchise stores with BP gasoline stations, seventy-seven are existing BP-branded sites. These seventy-seven sites include:
Forty-six sites that will have franchise stores rebranded to ampm by BP;
Twenty-three sites that the buyers will initially operate under current BP branding and complete the conversion and rebranding of the franchise store to ampm after closing; and
Eight sites that will require complete redevelopment before opening the convenience store with the ampm brand; closings for these sites will occur after buyers have obtained all necessary construction permits.
Additionally, BP is offering five vacant sites for construction by buyers of new ampm retail franchises with BP branded gasoline stations.
In addition to the ampm franchise sites, BP is offering four BP branded gas stations and seventeen sites for other
commercial use, including as five as debranded gasoline stations. One of the BP branded stations may additionally be
redeveloped for another commercial use.
With the introduction of ampm in the Eastern U.S., including in Chicago, Indianapolis and Pittsburgh, BP is leveraging its significant
ampm franchising experience and market recognition in the Western U.S. and internationally. There are about 1,000 franchisee-owned
and/or operated ampm franchise stores in the Western US. Internationally, there are approximately 2,000 ampm stores in Brazil,
Japan and Mexico. While similar, the Eastern and Western U.S. ampm franchise offers are distinct from one another and subject to
separate franchise documentation.
"The BP brand is distinctive in the Atlanta metro area and the ampm brand is well regarded" said Hope Mineo, Managing Director of NRC,
noting that BP's ampm convenience store has been ranked 51st in Entrepreneur's 28th annual Franchise 500®, which measures the financial
strength and stability, growth rate, system size and number of years in business of franchises.
"The ampm franchise was the only convenience store owned by an integrated oil and gas company to make the list," Mineo said.
"We are thrilled to continue to assist BP in accelerating the expansion of its ampm brand in Atlanta."
The BP sites are being sold through NRC's sealed bid sale process. NRC requests sealed bids by June 7, 2007. For bid submission
guidelines and further information regarding the BP sites please contact NRC at 800.747.3342, ext. 704, or by visiting www.nrc.com/704.
Prospective franchisees and BP dealers that are interested in submitting bids for Atlanta sites are required to attend a one-day
complimentary seminar in Atlanta on May 14 and May 15, 2007. Representatives from BP and NRC will host the seminar, which will
provide essential information related to BP franchising and fuel supply and the NRC sealed bid process. Reservations and a completed
Franchisee Application are required for attendance. Please contact NRC at 800.747.3342, ext. 704, for details and to register.
The Franchise Application is available for download at www.nrc.com/704.
NRC has prepared a complimentary color portfolio brochure with site information summaries and maps. Bidders are required to obtain a
bid package for each site on which they plan to submit a bid. Bid packages are available as part of property specific packages (PSPs)
that have been assembled for each site. Each PSP contains site-specific due diligence information, such as a title commitment, survey
and environmental information. Prospective bidders may order brochures and PSPs by contacting NRC at 800.747.3342, extension 704. PSPs
may be purchased in either hard-copy or CD-ROM format at $35 and $25, respectively, for each PSP.
BP markets more than 15 billion gallons of gasoline every year to U.S. consumers through 13,000 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. Additional information on BP's franchising opportunities is available at www.bpampmfranchising.com.
NRC Realty Advisors, LLC, specializes in the accelerated sale of North American commercial real estate property. With a concentration in the
convenience store industry, NRC provides divestiture, commercial and financial advisory real estate services. Since 1989, the company has sold
more than 10,000 properties. In 2006 NRC sold properties in thirty-one states with purchase prices aggregating in excess of $300 million.
Clients include globally-recognized companies in a variety of industries, including petroleum (BP, Shell, and Sunoco), convenience stores
(White Hen, BP Connect, ampm), financial institutions (GE Capital, Bank One, and Wachovia), retail (Kmart), and closely-held distributorships
and independent retailers. For more information, visit www.nrc.com.
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