Small Businesses Ideas 062

Car Parking Spaces Drive Income to £801million!

Names: Sir Donald Gosling and Ronald Hobson.

Ages: Sir Donald, 70 yrs. Ronald, 78 yrs.

'Foolish' Idea: Buying up wasteland for car parks.

How Idea was Launched:

In 1948, Sir Donald and Ronald, formed the holding company, National Parking Corporation, for the National Car Parks chain.

Built from the humblest of beginnings - from buying wasteland and charging a fee in return for car parking spaces, to the huge multi-stories concrete National Car Parks present in most towns and cities.

NCP is now Britain's biggest car park company.

Earnings: The holding company, National Parking Corporation was sold in 1998 for £801million.

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