About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Valet Parking Service
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Here's a classy way to park your new business in place.
Business Overview
This business can be started with minimal cash and the profit potential is excellent, as rates for valet parking services are in the range of $50 to $70 per hour for a two-to-three person crew. And it goes almost without saying that tips can really add up! Uniforms worn by all staff and emblazoned with your business name and slogan, along with incredible customer service and a smile, will make a great impression on customers that is sure to secure lots of repeat business and word-of-mouth referrals.
The Market
Market your valet parking services directly to consumers hosting parties and events, corporations hosting conventions and other event and wedding planners, trade show organizers, and charity groups and organizations.
Needed Equipment
A driver’s license, the ability to obtain third-party liability insurance, and an outgoing friendly personality are the three essentials for starting a special-events valet parking service.
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