Press Releases
BP TO SELL BRANDED LOCATIONS AS FRANCHISES IN INDIANAPOLIS MARKET
The sale of 29 BP-branded convenience stores and gas stations in the Indianapolis
market is being handled by NRC Realty Advisors, NRC said Dec. 11.
The sites will be sold as franchises, which will be added to BP's growing network of franchise
sites across the U.S. Additionally, BP is offering seven 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.
Ben Amante, BP’s vice president of franchising in the U.S., said, "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 not later than February 8, 2007.
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.
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.
PSPs are available from NRC in hard-copy and CD formats for nominal fees of $35 and $25, respectively.
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 the NRC Web site at nrc.com/701.
Source: NRC Realty Advisors
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