ampm Convenience Stores Ranked 35th in Entrepreneur Franchise 500(R)
December 20 2007 - 3:36PM
PR Newswire (US)
CHICAGO, Dec. 20 /PRNewswire/ -- BP's western U.S. and
international ampm convenience store has been ranked 35th in
Entrepreneur's 29th annual Franchise 500(R), billed as the world's
"first, best and most comprehensive" ranking of franchises. ampm's
western U.S. and international operations were also ranked 76th in
Entrepreneur's list of America's Top 100 Growth 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 list. (Logo:
http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO ) "We are
honored to be part of this prestigious group, and are pleased that
we moved up from 51st last year. 2007 was a growth year for us and
we expect to continue to grow our franchise as we spread the ampm
brand to the eastern part of the US. We have a fantastic brand, a
great franchise and franchisees that are as passionate as we are
about ampm," said Fiona MacLeod, President of BP US Convenience
Retail. The ampm brand was founded in 1978 in Southern California
by ARCO, which was acquired by BP in 2000. Recently, BP announced
that it will sell its U.S. company-owned and company-operated
convenience stores over the next two years, and that all will
operate under the ampm brand. The majority of sites will be sold to
franchisees; some will also be sold to dealers and large
distributors. The sites will continue to market BP fuels in the
eastern U.S. and ARCO fuels in the western U.S. The franchise
agreement requires sites to be supplied with BP or ARCO branded
fuels for the term of the 20-year contract. Internationally, about
2,000 ampm stores are located in Brazil, Japan and Mexico. BP
markets more than 15 billion gallons of gasoline every year to U.S.
consumers through 13,000 retail outlets. All Amoco fuels are backed
by a written guarantee. BP is the single, global brand formed by
the combination of the former British Petroleum, Amoco Corporation,
Atlantic Richfield (ARCO) and Burmah Castrol. Additional
information on BP's franchising opportunities is available at
http://www.bpfranchising.com/.
http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO
http://photoarchive.ap.org/ DATASOURCE: BP America CONTACT: Valerie
Corr, BP America, +1-630-821-3206 Web site: http://www.bp.com/
http://www.bpfranchising.com/
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