Ampm Franchise Review
Ampm Franchise Review
Ampm Franchise ReviewAmpm is a chain of convenience store with branches located in several U.S. states including California, Oregon, Arizona, Nevada and Washington, most recently in Illinois, Georgia, Kentucky, Pennsylvania, Ohio and Florida and in several countries across the world including Japan. BP America Inc. owns The Ampm brand; it's a subsidiary of BP. The stores are usually attached to BP branded gas station or an ARCO in United States.
Two separate franchise programs are offered by the franchisor (BP Products North America Inc.):
Single Franchise Program As per this franchise program, the franchisee will execute an ampm convenience store Agreement to operate a single convenience store at the franchisee chosen location and which the franchisor must accept.
Area Development Program As per this program, a defined area is assigned to the franchisee by the franchisor within which franchisee is required to develop and operate a specified number of ampm convenience stores within a specified period of time.
Loan for authorized expenditure can be offered by the franchisor, in connection with the setting up of an ampm mini market franchise, this depends upon 2 conditions, one is that a franchisee has an acceptable credit worthiness and franchisee meets other eligibility criteria.
The training will include three basic parts, on-site training, combining online learning and instructor led learning. Up to 120 hours are included in overall classroom training. On-the-job training can be of up to 80 hrs. Training timings are based on BP's facilities in the US (in which premises is located). It is mandatory for a franchisee to successfully attend and complete the full training program.
Franchise Cost:
Initial Franchise Fee $30,000
Travel and Living Expenses while Training $0 - $9,000
ampm Equipment $66,917 - $80,948 (If Leased from BPWCP) else $290,823 - $394,065
Merchandising Accessory Items $35,000 - $150,000
Miscellaneous Opening Costs $40,000
Business Licenses & Permits $9,000
Sales Tax Deposit $10,000
POS Equipment and Back Office $35,000 (2 POS), $37,500 (3 POS) and $40,000 (4 POS)
Additional Funds (3 months) $69,500 - $131,500 (If Leased from BPWCP) else $59,000 - $100,000
Total Initial Investment $346,317 - $659,448 (If Leased from BPWCP) else $585,823 - $1,015,065
Real Estate (35,000-60,000 sq/ft) $450,000 - $1,250,000
Real Estate Improvements $0 - $600,000
Ongoing Fees:
Minimum Monthly Royalty Fee $1,000
Monthly Royalty Percentage 5% of Total Gross Sales (24-hrs. of Operation) and 6% of Total Gross Sales (Less than 24-hrs.)
Advertising and Promotion Fee 5.5% of Total Gross Sales
Transfer Fee $20,000
Additional Training Fee Not to exceed $1,000
Computer Software License Fee $300
Computer Software Upgrade Fee Up to $1,500
Delayed Development Fee $1,000
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