Services

Business And Strategic Planning

Alan Kahn has worked as an executive for parking companies of various sizes from a new start-up to the largest parking company in the world with more than 4500 locations at Central Parking Corporation. His first hand experience will prove to be a meaningful reference point in assisting companies start-up, jumpstart or growth to become a large company. If you want to grow your parking company to the next level, Alan Kahn has been an integral part of the growth process at multiple stages, and he can help reach the level you hoped to achieve with his business planning and strategic approach.

Parking Asset Management

Proper parking asset management is key to ensuring parking operations are efficiently managed and revenue is maximized while ensuring parking spaces adequately serve the development for which the parking asset was built. It involves managing outsourced parking operators ensuring they are focused on adhering to the contract with the owner. Mr. Kahn’s experience managing many thousands of parking facilities enables him to recognize opportunities the parking management firm may not. His keen understanding of parking P&Ls will afford him the ability to maximize efficiency and revenue, while minimizing costs and operational inefficiencies. Mr. Kahn has worked with institutional owners and various asset owners throughout North America and Europe.

Call Alan Kahn Parking Advisors for expert advice to explore if his parking asset management services is the right solution for your parking management situation.

Selection of a Parking Management Service Provider

Parking Operator selection through administering an RFP process in the market: Choosing the right parking operator is an important decision which can make the difference in the overall success of a project. While the process of developing an RFP is an interactive process with the client, some of the objectives of the RFP would address the following:

Each location/Request For Proposal (RFP) will be customized to a particular project, but as with most of Mr. Kahn’s work, it will be unique to each asset with the input of the client:

Client Objectives

1. Developing the expected levels of performance

2. Determining the parking operating experience necessary

3. On-boarding of a new or transition operation

4. Determining if and what parking technology is necessary

5. Selecting the management strategy,

6. Development of a marketing plan for the parking asset

7. Provision of personnel who will manage the parking asset

8. Evaluating the financial offer and forecasted operating P&L

The RFP Process:

1. We will develop the RFP document

2. Provide a proposed operating agreement

3. Conduct pre-bid meeting with proponents

4. Answer questions and correspond with parking companies,

5. Review proposals,

6. Evaluate proposals,

7. Recommend a short list of potential operators

8. Interview the short listed candidates,

9. Make a recommended selection,

10. Help negotiate a contract or lease

11. Assist with onboarding and

12. Help ensure the transition is successful.

Technology Specification & Review for Parking

Choosing the right technology for each parking asset is critical to customer experience, operational efficiency, and revenue performance. A technology review and specification tailored for each asset can be conducted by Alan Kahn Parking Advisors for their clients. Call us today to see how we can help determine the right technology for your property and budget, which will take your parking services to the next service and sophistication level.

Example Garage Design - Double Helix

Benefits

Considered to be the most efficient garage design
Can park more cars in the least amount of area.
Cars park on ramp slopes going up and down
Cars can make 5 revolutions to the top while ascending 10 floors

Downside

Patrons can lose track of their car since it is parked on a slope
Helical design can be confusing for patrons
Floor Level Signs are necessary but not always effective.

Best suited for a repeat customer in say, an office building

Signage and Graphics Messaging

Our team will create clear and concise wayfinding systems, graphics, and signage messaging to help customers navigate and have a great parking experience. We have worked on multiple projects and wayfinding systems from start to finish. Let us make your parking facilities more visible and accessible. Call us today to talk about wayfinding for your parking services.

Economic Projections & Parking Valuation

Every pay for parking operation generates revenue and operating costs. We are well versed in determining what proforma revenue and expenses should look like for a given parking asset.

Our review of P&Ls for existing operations often is an integral part of our asset management job. We can give clients the best view of determining income forecasts on future facilities as well as how facilities might compare to others. When we are involved from an asset management standpoint, we are usually involved in the budgeting process and in developing and/or approving the budget.

Clients involve us in determining a parking asset’s value by having us forecast income and expenses many years out. Our parking forecasting helps clients determine the value of the asset in the event of a sale or acquisition.

Whether you’re looking to develop, redevelop, buy or sell or just optimize value from parking assets, our evaluation and analysis will give you the answers you need to decide.

Demand & Utilization Evaluation

Every development has land uses which are measured in square footage, hotel rooms, condo rooms, hospital beds, venue seating, capacity, etc. Alan Kahn will help the owner/developer determine the required parking spaces for the development based on demand characteristics associated with each user group and incorporate shared parking factors to arrive at the size of parking facility which should be built. This is a crucial determination as there are certain requirements according to planning/zoning ordinances, and the need can be greatly adjusted when shared parking considerations are figured into the mix. With our data-driven financial forecasting and supply/demand analysis, parking requirements can be forecasted and prices optimized . Alan Kahn’s methodology will inform the developer of a space count which can have significant impact on the development costs associated with building a new garage. Make the right and informed best decisions to increase your revenue, reduce costs, and provide a convenient parking experience for your customers. Contact us today to learn how we can help you plan your parking structure for success.

Operational Review/ Facility Audits

As part of a client’s desire for continuous improvement or to investigate potential concerns about accountability, Alan Kahn Parking Advisors conducts operational reviews and facility audits to ensure top quality, accountability, and safety. We review an asset’s operational procedures with strict audits to ensure a parking facility runs smoothly and there are no signs of fraud or a lack of accountability.