BP Educates Buyers
Seminar dates, deadlines approach
LA PALMA, Calif. -- Seminars designed to help potential buyers and franchisees looking into the estimated 700 BP locations up for sale nationwide will be held across the country, with a couple on the West Coast set for this week.
Seminars are set fortoday in Garden Grove, Calif., and Thursday, March 20 in Seattle, according to the Web site for Chicago-based NRC Realty Advisors, which is spearheading the sale alongside BP. For properties west of the Rockies, the proposal due date is April 17.
Other seminars for the 146 Ohio and Pennsylvania properties are set for the week of April 28. [image-nocss] The due date for those offers is May 28.
Additional seminars were held earlier this year in Chicago and in other markets west of the Rockies. The due date for the Chicago proposals is April 8, according to the NRC website. While attendance at the seminars was strongly recommended, NRC officials wanted to encourage those who did not attend to still participate in the process. All interested buyers may turn in proposals by the published deadlines, officials said.
For more specific information, those heading the sale ask that potential buyers visit www.nrc.com/bp as a critical starting point.
Last November, BP officials announced the changeover of its company-operated stores into its existing franchise model, which features the ampm c-store brand that started on the West Coast. The intent is to bring the ampm name into BP markets east of the Rockies. In addition to the convenience franchise, many site sales will include the land and buildings as well as 20-year contracts tied to the ampm and BP brands.