300-space parking · Worcester, MA · Currently managed by LAZ Parking
All figures are owner-centric. Left column reflects what the owner nets today under LAZ Parking. Right column is the forward 12-month projection under AirGarage.
| Line Item | Current (LAZ Parking) | Next 12 Months with AirGarage |
|---|---|---|
| Gross Revenue | $360,000 | $405,720 |
| Incremental Owner Take-Home | - | +$112,118 (per year, above LAZ Parking) |
| Owner Take-Home (annual) | $180,000 | $292,118 |
Under LAZ Parking, the owner keeps roughly 50% of gross after operator fees. Under AirGarage's revenue-share model, the owner's share covers payment processing, enforcement, and management. Property tax remains the owner's responsibility in both cases and is excluded here. Figures are directional estimates based on the proposed terms.
Switching to AirGarage lifts owner take-home immediately from the new revenue-share structure, then grows as AirGarage's revenue levers take hold.
Each week this decision waits is a week of extra earnings left on the table versus AirGarage. Drag to see what a delay costs.
AirGarage onboards in 5 weeks, and the majority of the work is AirGarage-led. Benedict's lift is minimal. These dates assume the agreement is signed today, and shift to match your actual signing date.
A sophisticated ownership group replaced their incumbent operator and watched net operating income jump 30%. Sound familiar?