How We Work
JNL Parking provides a unique partnership approach to finding and acquiring parking lots and parking garage businesses. At JNL Parking we take a complete approach to finding a successful and profitable business opportunity as well as negotiating the lowest possible purchase price.
What sets us apart from the rest of the field is our hands-on system. We will see, smell, and touch the listing and become intimately familiar with the operation before an opinion is ever formed.
We also own, operate, and manage our own parking investments. Very few parking lot experts can say the same. Our owner and operator knowledge is our key to understanding what makes a parking investment profitable. It also allows us to recognize what sellers want us to see and what they don’t want us to figure out.
The prospective buyer gives JNL Parking parameters regarding a price range, specific geographic area, type of parking lot desired, CAP Rate, financing needs and any other criteria that will help us with the search.
JNL Parking will find businesses using our proven unconventional methods that fit the parameters and present them to the prospective buyer. We may have some of these deal ready to do when you contact us.
We meet with the prospective buyer to show initial findings. If there is a listing that is desired, we will begin the real work that is required to close the transaction.
During this process we will travel to the physical site and begin our analysis. We will camp out in front of the listing, take a customer count, talk with employees at all levels, talk with customers, meet with city officials regarding any future zoning, construction projects, tax increases, tax abatements, or special assessments that may affect the investment. We will conduct a traffic flow analysis, peak hours, bottlenecks and evaluate equipment and technology being used.
Once we have all the data, we conduct a careful analysis based on our experience with “real” numbers, taking into consideration employee theft, cash leakage, claims, true employee costs, and under/over reporting.
After a careful valuation, we meet with the prospective buyer, submit our rating report, and begin the negotiations process on their behalf to close the deal at the lowest price possible.
Sample Valuation Parameters
(Click to enlarge)