2 Parking Lot Business Success Stories [2024]
More people are purchasing cars, and the demand for parking spaces has increased significantly. Finding a safe parking lot is becoming a problem, and this is where the parking lot business opportunity emerges.
A private parking lot business provides customers with a convenient and safe space for automobiles.
Starting a parking lot business requires ample space, a parking attendant, a surveillance system, and payment collection software. To increase your income, you can introduce an EV charging station.
A parking lot business is an excellent low-maintenance business since you do not need to be there physically, as you can fully automate the parking lot as a self-service facility, available 24/7.
In this list, you'll find real-world parking lot business success stories and very profitable examples of starting a parking lot business that makes money.
1. On Air Parking ($1.2M/year)
Patrick Murray, Co-Founder and CEO of NOSON, came up with the idea for his business after leaving his previous job and becoming obsessed with off-airport parking. He flew to different markets, met with parking owners, and deeply dived into their pain points. After months of conversations, the concept of On Air Parking was born, targeting Uber and Lyft as their main competition.
How much money it makes: $1.2M/year
How many people on the team: 1
Learn how the Co-Founder and CEO of NOSON grew their business to $1.2M in revenue in 27 markets using tools like Typeform, Zapier and Google for only $300 a month, and their advice for entrepreneurs just starting out.
2. 1-800-STRIPER ($739K/year)
Luke's interest in parking lot striping was sparked when he started working for a seal coating company at the age of 19. After realizing the potential in this niche industry, he quickly bought striping equipment and launched his own business with the support of his wife, Heather. Through hard work, door-to-door sales, and word of mouth, they built 1-800-STRIPER from the ground up, becoming known as the go-to parking lot striping company in their area.
How much money it makes: $739K/year
How much did it cost to start: $125K
How many people on the team: 8
Husband and wife team Luke and Heather Menear grew their parking lot striping business to almost $750k in annual sales after starting in 1999, and are now sharing their franchise opportunities across the east coast.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
