Press Releases
BP "Connecting" with Indianapolis: BP Franchises 29 Indy-market BP Connect Stores with Real Estate and Offers 7 other Select Sites for Sale
CHICAGO, IL December 11, 2006 – NRC Realty Advisors, LLC (NRC) announced today that it has been retained by the BP Companies
(BP) in connection with BP’s strategic franchise expansion program to coordinate the sale of 29 Indianapolis BP-branded convenience
stores and gas stations, including buildings, fixtures and real property. These sites will be sold as franchises, which will be added
to BP's growing network of franchise sites across the US. Additionally, BP is offering 7 other Indianapolis sites as de-branded
gasoline stations and commercial sites.
The sale of these BP Connects in the Indianapolis market is the third phase of franchise network growth "East of Rockies" that began
in the Southern Florida and Chicago markets earlier this year. The BP Connect brand takes convenience retailing to the next level,
offering great food, coffees and Amoco Ultimate® premium fuel. BP is offering franchisees the opportunity to align with a franchisor
with an already proven track record. BP’s franchise experience includes the successful am/pm convenience store business West of Rockies,
with nearly 1,000 locations.
"The BP brand is a prominent leader in the Midwest." said Hope Mineo, Managing Director of NRC, "We are thrilled to continue to assist
BP in accelerating the expansion of its franchise market presence. This is a truly unique opportunity for prospective franchisees who are
being offered the opportunity to join a ‘first-round’ offering of the BP Connect franchise and actually own the business’ buildings and real estate."
"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 finding minority business people looking to franchise in the community. We look forward to building a strong network of
franchisees who will help us grow our business and deliver our products and services to more consumers."
The BP sites are being sold by sealed bids which must be received by NRC no later than February 8, 2007. Please contact NRC
for bid submission guidelines and further information regarding the BP sites and NRC’s sealed-bid process at 800.747.3342,
ext. 701 or by visiting www.nrc.com/701.
Prospective franchisees are required to attend a complimentary daytime seminar in Indianapolis on Thursday, January 25, 2007
during which they will receive essential information relating to BP franchising and the NRC sealed-bid process. Representatives
from BP and NRC will host and present the seminar and will be available throughout the day to meet prospects and answer questions.
Reservations and a completed bidding application are required for attendance. Please contact NRC at 800.747.3342, ext. 701 for
details and to register, or visit www.nrc.com/701 for further information or to download the bidding application.
A color portfolio brochure with site information summaries and maps will be available in early January. Additionally,
a site-specific property specific package (PSP), containing comprehensive due diligence information (including a title
commitment, survey, and environmental information) and the bid package, is required to be ordered for each site on which a
bid is submitted. To order portfolio brochures and PSPs, please contact the NRC Customer Service Center at 800.747.3342,
extension 701, or visit www.nrc.com/701 for complete site listings. PSPs are available from NRC in hard-copy and CD
formats for nominal fees of $35 and $25, respectively.
BP markets more than 15 billion gallons of gasoline every year to U.S. 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. Additional information on BP’s franchising
opportunities is available at www.bpfranchising.com.
NRC Realty Advisors, LLC, specializes in the accelerated sale of North American commercial real estate property.
With a concentration in the convenience story industry, NRC provides divestiture and real estate and financial advisory services.
Since 1989, it has sold more than 10,000 parcels, including 1,600 sites (generating $500 million) in the past 3 years.
Clients include globally-recognized companies in a variety 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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