Hundreds of businesses across the UK are earning valuable extra revenue by renting out unused parking spaces. YourParkingSpace.co.uk, the UK’s leading online parking marketplace is reminding business owners the huge benefit that their unused spaces could have on their business finances.
YourParkingSpace’s commercial customers include hotels, gyms, self-storage companies and serviced office providers that rent out a variety of parking spaces through the site including open-air off-street parking spaces, business car park spaces and secure underground office parking. Despite an improving economic outlook, savvy business owners are always looking for way to increase profit and reduce costs and so renting out unused parking spaces is a great way to earn extra, regular income.
Those whose businesses are based near city centres, railway stations and sports venues could benefit the most from YourParkingSpace. First Avenue Supplies sell embroidered clothing to local industry as well as protective workwear from its base in Milton Keynes, located close to the MK Stadium.
“I first heard about the concept of renting out spare and unused parking spaces on the radio and kept it in my mind for if I was ever visiting somewhere and needed a parking space for a day. Then when I had the opportunity to rent spaces myself I searched online and found YourParkingSpace.co.uk”, explained managing director of First Avenue Supplies, Scott Temple.
“The main benefit to my business is the extra income it generates. I would recommend to any business that has vacant parking spaces that hold at least ten cars to consider renting them out. To my knowledge in our area we are the only local company that hire out spaces and there are companies next to us with bigger car parks that are missing a trick.”
Marc Studholme runs Flexispace, a self-storage facility in Manchester. His facility, located just outside Manchester City Centre, is also ideally located for Manchester City’s Etihad Stadium.
“We generate around £10,000 per year by renting out are unused spaces. We attract visitors to Manchester city centre who are looking for all-day parking, whilst on match days at the Etihad a lot of fans park with us as we’re located less than a mile from the stadium.”
“The revenue is the benefit but it also helps our main storage business, with our parkers being much more likely to come to FLEXiSPACE the next time they need a self-storage solution.”
Businesses that typically have car parks on their premises are able to benefit most from YourParkingSpace’s services. One such business type is hotels. The Talash Hotels Group run a collection of six individual character hotels in Warwickshire, Derbyshire, Cheshire and the West Midlands and has recently joined to rent out spaces, both on a long and short–term basis.
Andreana Athanasiades, Director of Sales, for Talash Hotels Group said, “Our hotels aren’t located in high parking demand hotspots but we see it as something that we should be doing with our spare parking capacity. It brings in additional revenue without taking any resources or time away from running our core hotel business.”
Despite a number of businesses enjoying extra revenue by renting out parking, YourParkingSpace believes that many are missing out on a valuable opportunity.
Harrison Woods, managing director of YourParkingSpace.co.uk, said: “It’s great to see that we are engaging with hotels, gyms, and self-storage companies amongst others, and that they have earned significant amounts of money by renting out their unused spaces with us. However we think there are so many other companies, big and small, across the country who could be tapping into this additional source of revenue.”
For more information on YourParkingSpace.co.uk or to find out about renting out unused parking spaces please visit https://www.yourparkingspace.co.uk.
