Cashless Tipping App for the Valet Industry

Sarasota, FL

Seller Financing Available

ValetPro App
Asking Price:$55,000
Established Year:2023
ASSET SALES DESCRIPTION

ValetPro is a mobile app designed to help Valets get cashless tips

Are your valet drivers losing out on tips? ValetPro is the world’s first mobile tipping app made specifically for the valet parking industry.

ABOUT: ValetPro is a mobile app designed to help Valets get the tips they deserve while improving operational flow, employee retention, and customer satisfaction.

WHY USE VALETPRO? Valet parking is a luxury service, but valets don’t make luxury wages. Like any other job in the service industry, when a valet does a commendable job, it is a courteous gesture to offer them a tip. However, unlike restaurants and bars where credit/debit machines prompt you to tip while you settle your bill, valet tipping has been by and large cash-only, with some customers unaware that they should even tip. It is estimated that valets lose at least 16% of their potential wages on cashless clients. As technology advances us towards a cashless society, current cash-only industries are being left by the wayside, leaving valets without tips and customers feeling guilty for not carrying cash on them. ValetPro serves as a much-needed update to the valet industry.

Enhance Your Customer's Experience:
Make customers happy with quicker car retrievals, experience rating, and alleviating cashless guilt.

Improve Operations and Increase Revenue:
ValetPro comes with free 24-hour customer service, full marketing support, and easy to generate income tax reports.

CUSTOMER FUNCTIONALITY:

1. DIGITALLY TIP YOUR PARKING VALET
No cash? No Problem. You no longer need cash on hand to tip your valet. Just download the app and send them a digital tip from your mobile phone.

2. REQUEST YOUR VEHICLE
No more waiting. When you are ready to pick up your car, just click a button, select the location, scan the ticket number, schedule the pick-up time and your valet will have your car ready for you when you arrive.

CUSTOMER BENEFITS:

1. CONVENIENT
No need to run to the ATM or count up handfuls of loose change for a tip. ValetPro allows your customers to tip their valet from their mobile phone for a small convenience fee.

2. FAST
No waiting. With ValetPro's vehicle request functionality, customers can request their vehicle ahead of time so it will be ready when they are.

3. FLEXIBLE
Download the app and create an account. Link your ValetPro account to PayPal or quickly scan your credit card and you are set to go. All transactions are fast, easy, and secure.

MANAGEMENT BENEFITS:

1. INCREASE EMPLOYEE SATISFACTION
Your valets work hard, and hard work deserves a just reward—but unfortunately, customers don’t always have cash on hand. With ValetPro's digital tipping capability, valets receive the full tip amount or tips can be pooled and automatically distributed among employees.

2. HELP MANAGE KEY PERFORMANCE INDICATORS
With ValetPro, customers can rate their valet's service which incentivizes excellent performance. Managers have insight with ValetPro's reporting capabilities.

3. STAY AHEAD OF THE COMPETITION
New on-demand valet apps like Luxe and Zirx are disrupting the traditional curbside valet model. ValetPro's vehicle request functionality will help you compete in today's digital world.

4. IMPROVE FLOW
ValetPro's vehicle request functionality allows for better management of car retrieval flow at high traffic times. Vehicles requested get added to a queue for valets to retrieve and customers are notified when their car is ready.

FINANCIAL POTENTIAL:
Every time a user tips using the app, they pay a convenience fee (approx. $0.45 / tip) which goes back to the owner of the app. The owner of the app can be:
1. An individual, or a business who markets the app to one or more valet companies and makes a profit on every tipping transaction.
2. A small or large valet company or valet management company who uses the app internally and adds an additional revenue stream to their business.

Asking Price is based off of what has already been invested into the company to develop the app and on marketing materials, website, etc.


ATTACHED DOCUMENTS
VP-factsheet.pdf.pdf Download
ValetPro-Business-Case.pdf.pdf Download

DETAILED INFORMATION
Location
Sarasota, FL
Facilities
Assets include: Mobile app for iphone and android | Back end application for valet companies to set up their accounts | Business case documentation | Marketing website designed to present the app benefits to valet companies | 1000 printed marketing business cards for valet's to advertise the app to their customers | 50 glossy print folders to share marketing materials to potential valet companies | Digital files of marketing materials including posters to be displayed at valet stands to advertise the app to valet customers, etc.
Financing
Payments of $5,040 per month for 12 months.
Support & Training
Training for valet companies on how to install and set up the app.
Reason for Selling
No longer wish to move forward with the business as I have shifted my focus.
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Kristin Pantone
Kristin Pantone