I am not sure which area you, the reader, live in and to what extent you and I share the pain of finding a spot to park. From where I come from, parking is a hopeless case. Getting on time is very hard because you can spend hours looking for a parking spot. So, if you live in an area that has the same pain, I hope you decide to be the one who starts a valet company and makes our lives a little easier. In this post, I will walk you through the tips you need on how to start a valet company and how to ensure that it’s the correct type of business that your area or town needs.
Alright, let’s tackle some ideas on valet businesses. I hope that I can encourage you to start yours today!
Q: What Do You Mean By A Valet Business?
Your whole valet business is based on this: customers give valet attendants their cars to park them just in front of the location where they are arriving. Following, the valet brings the car back to the same spot when customers prepare to leave. Easy, simple, and life-saving! Needless to say, valet companies are very important in managing traffic and parking.
You will find valet businesses very common in hotels, high-end restaurants, casinos, and weddings (where they are needed the most because walking with heels to your parking is a death penalty).
Q: Why Is It Such A Great Business Idea?
No one says no to solutions that make their life easier. Good valet companies manage to do that.
You probably need some context to back up this business idea, too. So, let me give you one.
Yes, Uber and Lyft are spreading more in the streets, so you might think fewer people use their cars. However, this still led to more cars on the road, making it more difficult to find parking. Valet parking helps solve all this.
Things are changing so fast for this industry, giving more room to grow and enter. Check out this piece from Deloitte on the future of parking to get a sense of what I mean. Technology is playing a role in the parking and valet business. For example, you can find some valet companies now offering on-demand parking services through mobile apps.
So, you can always find the perfect opportunity that is very specific to your area and start digging for success.
Q: How To Start A Valet Company?
I will not tell you about the steps of starting a business that you probably have memorized by now.
Instead, let me tell you, in my opinion, how to spot a great opportunity to start a valet company.
A valet company can rise from every construction coming together if it will create a buzz around it. As I told you, a new hotel or restaurant, a major event coming to town, a new business district or complex. Even when cities impose new parking restrictions, you can always step in with a valet company to solve more problems for citizens. Whenever you see any chance, network and make the needed calls to offer your valet services to these areas.
This takes me to a second opportunity that allows for valet companies to start. Partnerships. If you are good at networking and can pitch yourself, check reputable businesses to partner with. This could be a great way to kick-start your valet business and get it off the ground.
Another thing to do is to look around the corner. Do some leg work and check the local facilities in different areas. Are there any existing valet companies in the area? How are they doing in the business? Are people satisfied with their services, or is there a gap that needs to be filled? All these and others can give a heads-up for a market opportunity for your valet company.
Of course, there are many other opportunities for a valet company. These are just some examples to list a few. Every context will offer you different chances as long as you have the mindset needed for the business. So, you should always consider whether it is the right type of business for you or not.
Let me give you some more helpful ideas and services about this.
Q: Why Is Albusi Writing About This?
Simply put, we have pretty much everything to help you plan and succeed in your valet company and business (or any other one, by the way).
So, what do you think you need to kick-start this?
Two things: tools and experience. And we can provide you with as much as you need from both.
We have many downloadable pitch decks and business plan templates on Albusi’s website that serve as excellent guidance to prepare your business tool. These will give you a comprehensive idea to write your elevator pitch, problem statement, the solutions that you are proposing, financial projections, and investment asks for your valet company and business.
We also build your own! The Albusi team can craft a one-of-a-kind pitch deck just for you! This is another exceptional service to entrepreneurs that you should check out. The linked page will tell you more about what our previous clients say about this service.
This is not just it. If you need to talk more about your idea, you are one phone call away. Get in touch with one of our freelancers. They will help you with everything you need to plan for your valet business. They are great at pitching and will help you pitch it to others, too.
These are all my ideas about the valet company and business.
Think about how the industry is growing, the market opportunity, and the support you can get to start that successfully.
Meet The Author Of This Article
I’m Jenny Ayman, a project manager in the development field with specific knowledge and experience in capacity building and entrepreneurship programs. I aspire to transfer the hands-on experience I gain in my professional career through writing.
Also, if you need help planning your business, I recommend checking out some of our freelancers’ business plans or pitch decks!