how do parking lot operators like Impark make their money?

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My understanding is that companies like Impark run parking on land owner but others (schools, government buildings, etc.) Do they partner on this? Does the landowner get a profit share? Who makes what out of this deal??

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They essentially “rent” the land (the parking lot) from the actual owner. They then can make money off it, and they just pay the rent back to the school/government.

So if the government builds a parking lot next to their building, they can rent the land to a parking company for, say, $5000 a month. If the land has 100 spaces and they charge $100 a month for a monthly parking pass, the parking company makes $10,000 a month and pays $5000 of that back to the government as rent.

There are two principal ways which they can work:

1. Profit sharing. The operator gets a certain “cut” of the profits.
2. Fixed rate. The owner pays the operator a daily, monthly or yearly fee.

Of course it’s also possible to work on both, e.g., $10,000 per month plus 10% of monthly profits.

My mom used to rent out the side parking lot at her business on nights/weekends when a microbrewery that opened across the street. She was making $2k/$3k a month just off parking fees.