Anyone running a parking lot? Care to share some stories? Sounds like biz dream business
Anyone running a parking lot? Care to share some stories? Sounds like biz dream business
Caleb Rivera
Cooper Cooper
meh, guess i'll stick to shitcoins..
Alexander Edwards
My boss always says, if you are good in this life you get a cash lot in a big city in the next. He's a deacon too, so I'm inclined to believe him.
Related: I used to know a guy who had multiple coin operated laundromats, he said it was the easiest money in the world.
Kevin Sanders
now we're talking. So how much of an investment are we looking at in a medium sized city, im talking a small lot of about 40 cars for starters
Carson Rodriguez
OP I am so with you on this. This has been my dream business for years and I like to talk about it all the time. A buddy of mine had a brother who ran one in New Zealand apparently. It does look like the industry has consolidated. There is some company in Hong Kong that buys up the car parks. Basically they sit on the land while it appreciates. The thing about this is nowadays you can near automate the whole thing. Also, the best part is having cameras that can track number plates of people who dont pay and send them $$$ bills. Again - companies can basically give you a turnkey setup to do this.
Ryder White
Which country are you in? Are you looking in amerifats? I want one in uk
Liam Reed
Thing is, its not totally passive, you need to know how to fix the machines etc or you burn a lot on repairs.
Connor Smith
fucking based, is it a good idea to get into debt for this kind of business? i dont think i can save up enough to buy the plot of land plus all the other crap. What about taxes?
Bentley Rogers
argentina, this is still kind of a no man's land and there are a LOT of cars, plenty of business oportunities, especially for foreigners with juicy dollar/euros
Christopher Robinson
Well this is where it gets complicated. The thing about this kind of business is you need a location that works - near shopping or something. And these locations cost money. If you are low on cash i would suggest:
1. Scout location
2. Find car park deal
3. Put together some gay powerpoint with financials
4. put on a suit and try not to look like a fucking degenerate and stop pissing in bottles and go and pitch the idea to someone who has cash. Bank is not as likely to give a commercial loan - really depends on your circumstances