Top 250 Franchise by Entrepreneur – Rank no.22 – ampm – US
Products & Services: Convenience stores & gas stations
Number of Locations: 967
Total Investment: $399.16K – 7.78M
Began Franchising: 1979
The first ampm location opened in Southern California in 1978. There are now nearly 3,000 combination gas station and convenience stores across the U.S. and internationally. ampm Mini Markets offer nearly 2,200 different hot and cold snack food and drink items.
Arizona, California, Midwest, Nevada, South, Southeast, West, Washington.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $40,000 – $70,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Liquid Cash Available: $700,000 – $1,000,000
Number of employees needed to run franchised unit: 10 – 10. Absentee ownership of franchise is NOT allowed..
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|
How This Franchise Supports Franchisees
Franchise Ranking History
|Type||Private (subsidiary of BP)|
|Founder(s)||Atlantic Richfield Company|
The ampm brand (rarely “am/pm") is a convenience store chain with branches located in several U.S. states, including Arizona,California, Nevada, Oregon, Washington, recently in Kentucky, Illinois, Indiana, Georgia, Ohio, Pennsylvania, and Florida, and in several countries worldwide, formerly including Japan. The ampm brand is owned by BP America, Inc., a subsidiary of BP, which acquired its founding owner, Atlantic Richfield Company (ARCO), in 2000. In the US, the stores are usually attached to an ARCO or BP-branded gas station. The first location opened in Southern California in 1978.
Franchised and BP-owned units of ampm are also found in parts of Mexico, usually co-located with a Pemex gas station, Costa Ricaand Brazil, usually attached with an Ipiranga station. In Argentina and Chile they can be found in Repsol–YPF/ACA stations.
In Spring 2008, U.S. branches of the BP Connect brand of convenience stores rebranded to ampm, which also brought the brand under the BP banner after exclusively being under the ARCO banner. The subsequent decision saw markets with a large BP presence, such as Chicago, Cleveland, Indianapolis, Orlando, and Pittsburgh, instantly have ampm stores and subsequent TV ads in those markets, in order to establish the brand.
In August 2008, BP announced its decision to sell the majority of its retail operations in the Orlando area to Apopka-based Medallion Convenience Stores. The ownership change-over was scheduled for a staggered timeline throughout November 2008.
The Japanese chain was sold, alongside BP’s other interests to Japan Energy (JOMO) in 2002, but then resold to Reins International Inc, an operator of Korean-style restaurants in Japan, in 2004. In November 2009, FamilyMart announced its acquisition of am/pm Japan. All ampm stores in Japan will subsequently be rebranded as FamilyMart (in Japan only).