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Tuesday, June 26, 2007

28 Indianapolis-Area BP Sites Available; Sites Will be Converted to ampm Franchises

INDIANAPOLIS - BP is offering long-term franchising opportunities for 28 of its Indianapolis-area BP locations. BP will convert and reimage 20 of its BP Connect locations to ampm franchise operations; buyers of the remaining eight sites, which include six new construction sites, will be expected to complete the convenience store build-out or conversion and re-branding to ampm after closing.

The 28 Indianapolis franchise locations are offered with real estate. Property offers will be accepted on individual and multi-site basis. NRC Realty Advisors, based in Chicago, is managing the sale process for BP.

The first of several upcoming "Discovery Day" presentations for potential buyers will be held at the Columbia Club in Indianapolis on Wednesday, July 18. Presentations will be hosted by BP leaders who will cover many aspects of the ampm franchise offering, including operations and marketing. BP will also review its fuel offer. Interested parties are requested to register for a Discovery Day session by calling NRC at 800.747.3342.

The ampm convenience store was ranked 51st in Entrepreneur magazine's Franchise 500© report. The report, the 28th annual, is billed as the world's "first, best and most comprehensive" ranking of franchises. ampm was also ranked #34 in Entrepreneur's list of America's Top Global Franchises. Companies are judged based on criteria including financial strength and stability, growth rate, system size and number of years in business. ampm is the only convenience store owned by an integrated oil and gas company to make the liStreet

The ampm brand was founded in 1978 in Southern California by ARCO, which was acquired by BP in 2000. ampm is found in the Western U.S. in California, Nevada, Arizona, Washington and Oregon, with franchisees owning and/or operating about 1,000 ampm-branded convenience retail stores.

BP is selling ampm franchises in the Eastern U.S., in Chicago, Atlanta, Indianapolis and Pittsburgh marketing areas. While similar, the Eastern and Western U.S. ampm franchise offers are distinct from one another and subject to separate franchise documentation.

"BP is already a well known franchisor on the West Coast" said Ben Amante, BP's vice president of franchising in the U.S. "As we launch the ampm franchise in the Eastern US we are applying our breath of experience from our established ampm West Coast operations, which includes nearly 1,000

To see a list of convenience stores for sale and gas stations for sale, click here.