How much does it cost to franchise an ampm?
ampm Mini Market Franchise Costs & FeesName of FeeIf Premises are NOT Leased from BPWCPHighInitial Franchise Fee$70,000Travel and Living Expenses while Training$9,000ampm Equipment$371,24231 more rows
Is ampm a franchise?
Arco ampm Mini Market is a combined gasoline and convenience stores franchise with more than 900 locations serving some 24 million customers every month.
Who owns AM PM gas stations?
BP West Coast ProductsThe ampm franchise is owned by BP West Coast Products, and Treasure Franchise is the exclusive master franchisor in Nevada, Arizona and part of California. Today there are over 1000 ampm franchise locations in the states of Arizona, California, Nevada, Oregon and Washington.
How much does it cost to own an Arco gas station?
The initial investment range for this convenience store and fuel chain is $440,291 to $10,405,152 with a franchise fee between $40,000 and $70,000. Stick around and read through the rest of this guide for more details on Arco AM/PM Station franchising and whether or not this is the right franchise for you.
How much does it cost to buy a Chevron franchise?
How much does it cost to open a Chevron gas station franchise? The average cost is $1.5 million to $2.5 million per unit. You'll also need a minimum liquid capital of $500,000 to qualify. In this franchise review, I break down the average annual profits and disadvantages of Chevron below.
Who owns Arco gas?
Marathon Petroleum CorporationAbout ARCO® ARCO® is a registered trademark owned by Marathon Petroleum Corporation. ARCO® fueling stations offer TOP TIER™ quality gasoline at nearly 1,500 locations in the western United States and Northern Mexico, including nearly 125 stations throughout Baja California, Baja Sur, Sonora, Sinaloa and Chihuahua.
How many AM PM locations are there?
Across five states on the US' pacific coast – from California up to Washington state – ampm is the highway retail-and-rest brand of choice for motorists. With over 1,000 outlets, all of which are attached to ARCO stations, the brand is well-known for the quality of its food and drinks offer.
How many ampm stores are in the US?
950ampm is the national convenience store brand for BP. It is 100% franchised....BP America (ampm)Headquarters:LaPalma, Calif.No. of Stores:950Average Store Size:1,000-2,500 sq. ft.Rank:9States of Operation:Arizona, California, Nevada, Oregon, Washington
Why ARCO gas is so cheap?
In addition to the great answer already posted, Arco usually does not have one payment point per pump, but a shared payment point. This reduces their installation and maintenance fees.
Is owning a gas station profitable?
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year.
Are gas stations a good investment?
Gas stations are a great business to franchise because the demand for fuel in America is constant and not going anywhere. Our country literally runs on gas. People need to drive to work and trucks need to carry goods across country. Gas stations are a $250 billion a year industry.
How do you value a gas station?
There are four different types of valuation methods that can be used to value gas and convenience stores, as follows:Asset-based valuation. ... Income approach to value (capitalization of earnings) ... Income approach to value (discounted cash flow) ... Market approach to value.
What does Toomgis stand for?
What does “Toomgis” mean? According to ampm, it's a bit of an acronym for “Too Much Good Stuff” which can be spotted just by looking at Toomgis. Over one hundred snack food and drinks make up his 7'6” build!
When did AM PM come out?
The 12-hour clock was developed from the second millennium BC and reached its modern form in the 16th century AD. The 12-hour time convention is common in several English-speaking nations and former British colonies, as well as a few other countries. 12:00 a.m.
What are AM PM burgers made of?
Our burgers, made with all-natural beef, are bigger and better than ever.
How many Circle K stores are there?
Circle KA Circle K location in Juárez.FoundedEl Paso, Texas (1951)FounderFred HerveyHeadquartersTempe, Arizona, United States , U.S. and CanadaNumber of locations15,000+8 more rows
Who we are
AM/PM Mini-Markets exist in five western states and consist of more than 950 locations. Typically paired with ARCO, a petroleum service for gas stations, these franchises offer people convenience for getting basic groceries and fuel for their vehicles.
Who we're looking for
AM/PM Mini-Market is seeking businesspeople with a passion for delivering quality service. Becoming an AM/PM franchise owner requires a serious commitment, but there are many benefits for doing so:
Training and Support
Comprehensive training includes: Customer service, back office accounting, alcohol and tobacco sales, inventory control and fast food preparation.
What Do We Look For In A Franchisee?
We are seeking business people with a passion for quality and service. We are committed to building upon our position as the leader in the Petroleum Convenience Store industry.
Can I sell Ampm mini market franchises?
No ampm mini market franchises will be sold to any resident of any such jurisdiction until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and the required Uniform Franchise Offering Circular (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law.
What is an Ampm franchise?
The ampm franchise is a system for retail convenience mini market and fast food services and the identification, layout and operation of retail convenience and fast food mini markets identified principally by the service name and service mark “ampm.”. The franchisor offers the following franchise programs:
What is franchise training?
Training Overview: The franchisee (if the franchisee is a sole proprietor) or the Entity Designee (if the franchisee is a business entity) must at all times be one of the individuals who attended and successfully completed the then current training program for franchisees. The Transferee (s) or Assignee (s), if the franchisee sells or transfers your Franchise, or the successors-in-interest are also parties required to attend and satisfactorily complete the initial franchisee training program. The Franchisee and Mini Market Manager Training is a blended learning training course, which means it will be a combination of online learning, at-site training, and instructor led learning. The training will consist of three basic parts: (1) Online training - commonly known as Computer Based Training (CBT), (2) At Site Experience (ASE), and (3) Instructor Led Training (ILT). BP, at its discretion, may provide an internet-enabled Mobile Learning Kit to the learner to use for the duration of the Initial Franchisee Training Program. The trainers providing instructor led training and the BP Mini Market Managers and/or the ampm franchisees, who will provide on-site training, have no less than 1 year of BP and/or ampm operational experience. All training courses, programs, and tests offered by BP shall be given only in English. Therefore, in order to successfully complete any such courses, programs, and tests, an ability to read, communicate m and comprehend English and demonstrate basic math skills is necessary. BP may, but is not required to, offer optional additional training during the term of the Franchise Agreement. If the franchisee elects to attend any optional additional training program, BP may require a fee not to exceed $1,500 per person per training program. In addition to the optional additional training, BP may also require the franchisee to attend required additional training in connection with changes to programs or new programs or equipment added during the term of the Franchise Agreement.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the franchise term is 20 years if the franchisee does not lease the Premises from BP, unless the franchisee and BP sign the Agreement Term Rider agreeing to a Franchise Agreement term of 10 years. The franchise term length is three years if the franchisee leases the Premises from BPWCP. The renewal term is exercisable in the manner and subject to the conditions detailed in the franchise agreement. The renewal/extension term is 20 years, unless the franchisee and BP sign the then current form of Renewal Rider agreeing to a renewal term of 10 years. Renewal/extension is not applicable if the franchisee leases premises from BPWCP.
Does franchising offer loans?
Financial Assistance: The franchisor may offer the franchisee loans under the following programs. Loans will not be offered to all potentially eligible franchisees and the programs, in whole or in part, may be modified or discontinued at any time:
Does BP offer DOFO loans?
DOFO Loan: At BP's discretion, BP may offer the franchisee a loan for authorized expenditures to be incurred in connection with New Construction, a New Construction Rebrand, a Raze and Rebuild, a Retrofit Rebrand, or for renewal improvements to the Mini Market if the franchisee participates in renewal of the existing Franchise Agreements (mid-term or at the end of the current term), if the franchisee: (1) does not lease the Premises from BP, (2) has acceptable creditworthiness and (3) meets other eligibility criteria, which may differ from area to area.
When did AM/PM mini markets open?
AM/PM Mini-Markets opened in 1978 as a place where a person could quickly grab basic groceries and goodies while on the road. Their dedication to having a wide selection of coffees, sandwiches and snacks for people traveling endures today as they expand past their 950th store. BP, owner of AM/PM Mini-Market, almost always pairs up this franchise with ARCO, a petroleum franchise providing fuel.
How many AM/PM mini markets are there?
AM/PM Mini-Markets exist in five western states and consist of more than 950 locations. Typically paired with ARCO, a petroleum service for gas stations, these franchises offer people convenience for getting basic groceries and fuel for their vehicles. Currently serving more than 20 million customers, these franchises are well-known, have a good reputation and are trusted every day.
Why Choose Us?
AM/PM Mini-Markets are a great franchise to own because of their unique options, support and training. Investing in AM/PM franchises results in confidently knowing owners are aligned with a dynamic business model. AM/PM and its petroleum brand AARCO are leaders in their industry, making them very attractive.