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NAPERVILLE, Ill. – BP's U.S. Convenience Retail unit is selling 146 retail sites throughout the Columbus, Cleveland and Pittsburgh metropolitan areas through NRC Realty Advisors LLC, the real estate firm stated. The move is continuing with the company's plan, announced in November 2007, to divest its retail assets and maintain one franchised brand -- ampm -- for its retail operations.
Of the 146 sites, 121 are available for franchise with one as a debranded gasoline site. The sites will be re-imaged or developed as ampm franchise stores with BP-branded gasoline, CSNews Online reported first in a Newsflash yesterday. In addition, the other 24 sites will be sold as BP dealer sites with fuel agreements only, and 12 sites will be sold with multiple offerings including commercial use.
"The ampm brand has a 30-year proven track record in some of the most competitive marketing areas in the U.S.," Fiona MacLeod, president of BP U.S. Convenience Retail, said in a statement. "Franchising under the ampm brand across the U.S. just makes sense."
BP has approximately 700 company-owned and operated convenience stores, all of which will be sold over a two-year period, the company stated.
NRC will accept offers on the sites submitted by May 28. Interested parties are required to attend a complimentary seminar in either Cleveland or Columbus, Ohio, where representatives from BP and NRC will provide essential information related to BP franchising and fuel supply, along with the NRC offering process. For more information, contact NRC at (800) 747-3342, ext. 805, or www.nrc.com/bp.