BP to Sell 146 Gas Stations as C-store Franchises
NAPERVILLE, IL - BP's U.S. convenience retail unit here is selling 146 retail sites in Columbus and Cleveland, Ohio, as well as Pittsburgh, with the intention of redeveloping the locations into ampm c-stores that have BP-brand gas stations.
Of the 146 sites, 121 are available for franchise, one as a de-branded gasoline site, 24 as BP dealer sites (with fuel agreements only) and 12 with multiple offerings including commercial use. The franchise sites will be re-imaged or developed as ampm franchise stores with BP-branded gasoline.
The offering is part of a plan announced by BP in November 2007 to sell its company-owned and operated retail sites. BP is marketing these sites predominately as franchise operated sites, both dealer and jobber-owned. BP will also market some sites as dealer and jobber fuel only sites.
BP owns and operates about 700 company-owned and operated convenience stores, which will be sold over a two-year period.
Of the 146 sites, 121 are available for franchise, one as a de-branded gasoline site, 24 as BP dealer sites (with fuel agreements only) and 12 with multiple offerings including commercial use. The franchise sites will be re-imaged or developed as ampm franchise stores with BP-branded gasoline.
The offering is part of a plan announced by BP in November 2007 to sell its company-owned and operated retail sites. BP is marketing these sites predominately as franchise operated sites, both dealer and jobber-owned. BP will also market some sites as dealer and jobber fuel only sites.
BP owns and operates about 700 company-owned and operated convenience stores, which will be sold over a two-year period.