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COMPANY BENCHMARKING • UNITED STATES

Ace Parking Management Inc. - Company Profile

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Ace Parking Management Inc. - Overview

Brands
AG, AlphaGraphics
Description
Ace Parking Management is a private company with an estimated 4,500 employees. In the US, the company has a notable market share in at least one industry: Parking Lots & Garages, where they account for an estimated 2.5% of total industry revenue.
Company Details

Registered Name: Ace Parking Management Inc.

Company Type: Other

Employees: 4500

Ace Parking Management Inc. - Operating Industries and Main Competitors

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Ace Parking Management Inc. - Products and Services

  • Parking Lots & Garages in the US

  • Of the 6 core revenue-generating products and services in the Parking Lots & Garages in the US industry, Ace Parking Management Inc. offers:
    • Hourly or daily off-street parking
    • Management fees for the operation of parking facilities
    • Other and on-street parking services
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Ace Parking Management Inc. - Analyst Insights

Increased competition pressures Ace Parking to adapt

As the popularity of Uber and Lyft continues to grow across the country, Ace Parking Management Inc. (Ace Parking) has felt the pressure of individuals driving less when they go out. Primarily operating in San Diego, Ace Parking Chief Executive Officer (CEO) John Baumgardner revealed in 2018 that at hotels serviced by Ace, overnight parking has declined around 10.0%, nightclub valet business has dropped 50.0% and restaurant valet business has dropped 25.0%. Ride-sharing services have pressured the company into adopting new technology, which allows people to track open parking spots and pay from their phones.

Competition


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Ace Parking Management Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Ace Parking Management Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Parking Lots & Garages in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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