Friday, October 2, 2015

Napa Auto Parts building new store

NAPA Auto Parts has broken ground on a new store at 2517 North Holmes Avenue, to replace its longtime location on East Anderson near C-A-L Ranch Store.

The plans call for a 10,584-square foot building on 1.165 acres of land. The store on Anderson is owned by Jake Dyson. Valuation of the project, according to the Idaho Falls Building Department, is $750,000.

NAPA has nearly 6,000 stores and is a subsidiary of Genuine Auto Parts, a company founded in 1928 and listed on the New York Stock Exchange. For a would-be owner, the company requires at least $75,000 to $150,000 in liquid capital available. According to the Web page www.napaautoparts.biz, the average total new store investment is approximately $600,000, with the overall investment varying on the basis of market and store size. There are no franchise fees or royalties, but owners are asked to participate in the company’s national advertising program to maximize the true benefit of the NAPA system and drive traffic to their stores.