How to Save With a Turnkey Parking Solution
Posted: Sept, 17, 2020 1:03PM ET • 2 min read
The purpose of a paid parking system is to generate parking revenue, primarily needed to offset the cost of providing the service. However, parking revenue generation goes beyond installing parking equipment. There are many factors that affect the performance of a parking operation and its ability to meet financial targets.
So, how can you ensure your parking operation achieves your financial goals? By investing in a turnkey parking solution.
It’s likely that your company has various departments specializing in specific areas of expertise. Imagine if one individual was responsible for human resources, finance, operations, office administration, and accounting. In most cases you need a great deal of expertise to be effective in any one of these areas.
Your parking operation is no different. When you consider the complexity of parking it’s no surprise that there are firms who specialize in providing that service. It’s been proven time and again that drawing on industry expertise will in the long run support efficient, effective, and profitable parking operations. And save yourself the hassle of having to become a parking expert as well.
Working with a turnkey parking organization provides you with an end-to-end solution that covers all your bases, protects you from unforeseen costs and risks, and gives you the greatest return on investment (ROI).
Turnkey parking organizations draw on in-house resources to deliver expertise in all areas of parking, such as management services, equipment, technology innovations, revenue and financial services, lot construction, and facility maintenance—all aspects required to run a profitable parking operation.
Partnering with a turnkey parking organization means you won’t waste time and money outsourcing to multiple third parties. By eliminating the need and coordination of multiple outside contractors, turnkey organizations can control quality, provide flexibility, respond immediately, and offer competitive pricing—providing a top-of-the-line experience and maximum ROI.
Share Article:
Featured Articles
ABOUT THE AUTHOR
Justin Powell
Regional president, Western Canada
Justin was already an experienced professional in the parking industry when he joined Precise ParkLink in 2005. He has a particular expertise in the areas of valet parking, parking lot management, and equipment sales, installation, and service. This experience and his commitment to serving his clients have not only made him a well respected figure in the Canadian parking industry but have contributed significantly to the growth of Precise ParkLink’s representation in British Columbia. Having studied business management at the British Columbia Institute of Technology, Justin takes the time to understand the industry and the market he serves; he is an active member of the Canadian Parking Association (CPA), Canadian Transportation Group (sitting member), Building Owners and Managers Association (BOMA), and The Downtown Vancouver Association (DVA).
Questions?
Fill out the form below and we will do our best to connect you with a suitable contact.