Press Releases

BP PUTS 77 WEST COAST ARCO STATIONS ON THE BLOCK



CHICAGO – BP West Coast Products (BP) is selling 77 ARCO stations on the West Coast. The locations for sale include 20 sites in Southern California, 33 in the San Francisco Bay and Sacramento/Central Valley, 10 in the Portland, Ore. area, 10 around Seattle, Wash. and 4 in Arizona. All sites are currently operating stations with convenience stores. They are being sold with 20-year am/pm franchises and fuel supply agreements from BP.

"The ARCO and am/pm brands are market leaders up and down the West Coast," said Hope Mineo, managing director of NRC Realty, which is handling the sale. "These are high-quality sites at premier locations within strong markets. BP, ARCO and am/pm provide great brands, along with exceptional support and resources. As such, we expect this sale to generate a high level of interest from prospective dealers and franchisees."

The ARCO branded network consists of both company-owned and dealer/franchisee-owned locations. BP’s approach is to continue to grow and strengthen its brands by growing and strengthening its franchise network. As a result, this provides an excellent opportunity for dealer/franchisees to own and operate an established and successful ARCO and am/pm site on their own, according to the company's press release.

These sites will be sold through a sealed bid sale in a "buy one, some or all" format with bids due on May 26, 2006. A complete list of sites and information on submitting bids is available online at www.nrc.com/608, or by calling the NRC Customer Service Center at 800.747.3342, ext. 608.


Contact:
Nicole Davis
NRC Media
312.278.6813
nicole.davis@nrcmedia.com

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