Location, customer profile and capital shape a car park business. MSG Equipment outlines the sections of a business plan for a new car park.
This article in MSG Equipment’s business ideas series focuses on car parks. A car park business plan should consider location, the number of potential customers and their ability to pay.
A car park in a residential area mainly serves owners of budget cars, while one near a business district serves premium vehicles – which calls for modern video surveillance and reliable security staff. The choice of location depends largely on the initial capital.
According to the article, a plan for a car park built from scratch includes an overview, a description of the business and services, market analysis, a financial plan and a production plan. Multi-level car parks can also be built as part of a larger complex.