17441-268080

Listing Details:

• Business Category:        Valet Parking       
• Price:                                    $118,000
• Gross Revenue:               $471,498
• SDE:                                    $59,078
• Seller Financing:           $11,800
  
• Reason for Selling:        Retirement
• Location:                            MSP Metro
• Employees:                       19
• FF&E:                                 $4,320
• Support & Training:      4 weeks 
  
• Non Compete:                 200 Miles for 2 Years
  
• Years Owned:                  35

Business Description

This established valet parking service has been a trusted name in the Twin Cities for over 35 years. The company provides premium valet services to a diverse mix of clients, including upscale restaurants, cultural institutions, country clubs, hotels, and private events. Unlike many service businesses, this company enjoys consistent revenue throughout the year and demand remains steady across all seasons as events and dining continue year-round. The business operates with a team of 19 part-time W2 employees, all non-union, providing flexibility in staffing for events of any size. The company has built its reputation on reliability, professionalism, and exceptional service, positioning itself as a higher-end valet provider serving discerning clientele throughout the metro area.  

Business History

The company was founded in 1990 when the valet industry in the Twin Cities was in its infancy, with only a handful of competitors. The owner recognized an opportunity to provide professional, reliable valet services to the growing hospitality market and built the business from the ground up. Over the past 35 years, the company has opened most of the major restaurants in Minneapolis, establishing deep relationships with the hospitality community. The business has weathered multiple economic cycles and industry changes, demonstrating remarkable resilience and adaptability. Client relationships spanning decades, including one institutional client served continuously for over 20 years, speak to the quality of service and operational consistency that has become the company's hallmark. 

Competitive Analysis

The valet parking industry in the Twin Cities has grown significantly over the past three decades, with approximately eight established competitors currently operating in the market. National valet companies have also begun entering the market, particularly for hotel contracts. This company differentiates itself through its higher-end positioning, long-standing client relationships, and reputation for reliability built over 35 years. While some competitors focus on price, this business has maintained its premium positioning by delivering consistent, professional service. The deep relationships with key accounts, some spanning 20+ years, provide a competitive moat that would be difficult for newer entrants to replicate. For a strategic buyer, particularly an existing regional competitor, this acquisition offers immediate scale, established relationships, and elimination of a respected competitor. 

Growth Potential

Significant growth opportunities exist for a new owner willing to invest in sales and marketing efforts. The current owner has scaled back active business development in recent years, relying primarily on the company's established reputation and word-of-mouth referrals. A buyer with energy and ambition could pursue new restaurant openings, hotel contracts, and expanded private event services. The company's existing infrastructure, including 19 trained employees and established operational systems, can readily support additional volume. The Twin Cities hospitality market continues to evolve, and a new owner with fresh sales initiatives could capture market share from less established competitors. Additionally, exploring corporate event services and expanding the geographic footprint within the metro area represent untapped opportunities. 

Number of Employees

Managers: 0

Full Time: 0

Part Time: 19

Total: 19

Owner Weekly Hours

30-35 hours/week