Finding a Valet Parking Job or Starting a Valet Parking Business of Your Own

If you are looking for a good part-time job or business to start, you should definitely consider the valet parking industry.

You’ve no doubt seen valets at nice restaurants and hotels. But did you know there are third-party valet service companies geared towards the private party (e.g. weddings) industry?

When people throw a big wedding or party, one of the things they don’t want their nicely-dressed guests dealing with is finding a place to park and then walking a long distance. A third-party valet service is a nice way to impress your guest and show them you appreciate their attendance. It’s also a good way to ensure your party doesn’t cause a riff with city parking ordinances.

My Valet Parking Job

I worked for a valet parking service company in college and it was one of my favorite part-time job experiences. It offered flexible hours and I could make a good amount of money (tips only) with little work.

The company I worked for did mostly private parties, so I worked a lot of weekend nights where I easily brought home over $50 for two hours of work. Each person would tip around two bucks.

It was good, quick money (in cash) and it fit my already busy schedule which had me at classes during the week and waiting tables most nights.

Valet Parking Service Company

Who says you have to wait till you're rich to drive nice cars?

If you are interested in finding a valet parking job, I suggest you start with the phone book and/or craigslist. Find the local companies in your area and solicit your services.

If you aren’t having luck with making direct calls to companies, I suggest you pound the pavement (of the nice neighborhoods) on Friday and Saturday nights to meet the companies where they are at. Other places to inquire are local country clubs and nice restaurants.

Get to know the other valets and they can tell you about any opportunities.

Along with a smile and friendly disposition, you’ll need to be at least 18, have a drivers license, and you’ll most likely be subject to a drug and background check. You’ll also need to be able to drive a standard transmission.

Starting a Valet Parking Company

I could see how owning a valet parking company would be very appealing to many entrepreneurs looking for a lean operation to run. I reached out to Tulsa Valet Parking business owner, Joel Reyes for the inside scoop on starting your on valet parking company.

Mr. Reyes started his parking business back in 2005 while balancing a full-time career in marketing. He decided to start the business after discovering the poor service from other valet parking businesses in town.

I asked Mr. Reyes what his three biggest concerns would be in staring a valet parking business.

  1. Insurance – As I suspected, insurance was most important. Insurance companies view the parking industry as very high risk and rates are as high at $20,000 in your first year. Your first step in establishing this business will need to be to reach out to an insurance agency and find the rates in your area. Along with insurance, be sure to inquire with your local and state governments about any permits or licenses required to operate.
  2. Quality Staff – Finding quality valets is critical to your success. Start with people you know and trust and then hire only based on referrals from current staff members. At the valet company I used to work at, only one or two trusted valets were allowed to recruit others. Always check driving records and get a copy of their current license. Mr. Reyes says he pays his valets minimum wage and ensures the staff do a “tip share” at each event.
  3. Client Contacts – As with most things in life, it’s all about who you know. Reach out to your connections to build your initial client base. Then expand your business with cold calls and professional face-to-face networking. This is a high-end client business, and your customers expect (and will respond to) a very professional approach to marketing material, website, phone calls and face time.

Have you ever worked as a valet or considered owning your own valet business?

Image by Damian Morys Foto

Last Edited: July 28, 2014 @ 11:54 pmThe content of ptmoney.com is for general information purposes only and does not constitute professional advice. Visitors to ptmoney.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka "PT", is a CPA, financial writer, FinCon CEO, and husband and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.

Comments

  1. JeffreyCrews says:

    @ptmoney I have many friends that did this back in college.

  2. My good friend did this and made great money. In addition to driving fancy cars, he got to meet famous people like Al Gore.

  3. My good friend did this and made great money. In addition to driving fancy cars, he got to meet famous people like Al Gore.

  4. This is a great way to earn a LOT of money on the side! I worked valet at a hotel in downtown DC for just a few months and earned quite a bit to put towards my college bills. Look to get in with the higher end clients to maximize your tips!

  5. I had a friend that did this and he loved it. On the other hand I have a friend who works in a fancy hotel and it seems like weekly a valet dings a customers car. That would suck for all parties!

  6. I valet parked all through college as well and enjoyed it. It was a great way to get a little money in my pocket. Never thought of it as a current business venture. Perhaps I’ll try to use those years of experience and make a go at it.

  7. I valet parked all through college as well and enjoyed it. It was a great way to get a little money in my pocket. Never thought of it as a current business venture. Perhaps I’ll try to use those years of experience and make a go at it.

  8. This is a great idea for students!

  9. do you know what a good standard rate would be to charge a restaurant for valet service? Im working on opening a valet company in MB right now and I’m not quite sure where i should start my price range.

    • @tylarmd No idea. But I would just cold call a bunch of restaurants that have valet already and ask them what they are paying them. After a few calls you’ll have a good feel for it.

      • @Philip Taylor thanks phillip, I cant find any in my area but ill search for some in the columbia area.

  10. hello im currently opening my own valet business in California. I already have 3 accounts waiting on me but I don’t know what I should charge per valet to make a profit. I will have three valets and myself for about 6 hours a night for complimentary restaurants. how much should I charge the restaurant owner. thank you

  11. Hi, Philip for some quite time I’ve been thinking about opening my own valet company, I had worked in this industry for some time already. I’m not sure exactly where to start from. It seems so easy but at the same time complicated. No one wants to share their way to success. Thank you for  sharing… ♥