how do parking lot operators like Impark make their money?

Question

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??

In: Other

Answer 1

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.