8 Parking Lot Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Parking Lot Business

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.

Here are some real life success stories of starting a parking lot business:

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 they make: $1.2M/year
Current team size: 1

How I Started A $1.2M/Year Business With Tools Like Typeform & Zapier

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.

About

Patrick started On Air Parking about 8 years ago

Revenue

Patrick grew the business to $100K/month

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Read by 6,214 founders

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 they make: $739K/year
How much did it cost to start: $125K
Current team size: 8

This Husband & Wife Started A $739K/Year Parking Lot Striping Business

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.

About

Luke started 1-800-STRIPER almost 25 years ago

Revenue

Luke grew the business to $61.6K/month

Costs

It cost Luke $125000 to start the business

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Read by 5,547 founders

So... can you actually make money with a parking lot business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

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Starting A Parking Lot Business: Everything You Need To Know

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5. Parking.com

Finding parking shouldn’t be a hassle. Let’s get you parked and on to the bigger things. Save with Parking.com

Where they're located: Fresno, California, USA
Website traffic: 220K/month

So... can you actually make money with a parking lot business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Icon Parking

Icon Parking gives you the best NYC Parking Coupons and Daily Parking Discounts at over 200+ New York Locations.

Where they're located: Manhattan Community Board 1, New York, USA
Website traffic: 60K/month

8. Parking mobile app & payment solution

Pay for parking with PayByPhone - the smart cashless parking app that'll help you avoid tickets & remind you when it's time to go

Where they're located: South Australia, Australia
Website traffic: 340K/month