Thursday, March 22, 2007
BP Offers ampm Frsanchises in Atlanta Metro Area\nBP offers for sale 83 sites for convenience retail franchises; 4 BP gasoline stations and 17 commercial sitesCHICAGO, IL, March 22, 2007 - NRC Realty & Capital 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.
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