ValPark Mobile Shark Tank Update

What Is ValPark Mobile?

ValPark Mobile was an app built for driving directions, paying, and managing valet services for vehicles parked at restaurants, garages, nightclubs, and hotels, among other places.

ValPark Valet is a smartphone app that streamlines the valet experience and allows you to enjoy a more enjoyable night in the town.

There can be a lot of difficulties finding parking in a big city. Many lots only accept cash payments or have difficult-to-use terminals for credit card payments, making it even more difficult.

You can easily find parking at ValPark Valet and pay for it with the ValPark Valet app on your mobile device.

You do not need to enter your credit card information; simply use your 4-digit PIN to complete the transaction.

Your phone will not have to be taken out of your pocket as long as it is connected to the device via Bluetooth. 

Your car will be waiting for you when you arrive home when the app notifies the valet staff that it is time for you to return.

ValPark is presently supported at more than 100 locations in Washington, DC, Maryland, and Virginia, with different places being added regularly.

Company NameValPark Mobile
EntrepreneurWayne Johnson
ProductValet and garage parking information and payment
Investment Asking For$300,000 for 20% equity in ValPark Mobile
Final DealNo Deal
SharkNo Shark
Episode Season 7 Episode 3
Business StatusOut Of Business
WebsiteVisit Website

Who Is The Founder Of ValPark Mobile?

Wayne Johnson, a highly regarded web designer, developed ValPark Mobile. He is pitching the concept of valet parking through his application and payment system to Shark Tank. 

ValPark Mobile defeats the problem of valet skimming at venues such as nightclubs, restaurants, sporting events, and hotels.

Johnson spent $100,000 of his own money to program and develop the ValPak Mobil system. He works with a business partner who runs the largest valet parking service on the East coast.

Wayne Johnson has always been an entrepreneur, and he came up with the idea for ValPark, which allows clients to book, search, and pay for parking from the convenience of their mobile devices.

You may want to know how to park in a garage or valet area at a restaurant or bar; ValPark has made this simple.

Wayne’s app included a tie-in with parking locations to identify venues in the greater Washington area on their website.

I suppose you could order valet parking right from your phone as well.

Johnson desired to extend his firm beyond Washington, DC. Will a Shark believe in Valpark’s value proposition?

ValPark Mobile Before Shark Tank

Wayne Johnson will be making his debut in Shark Tank. Wayne is a multi-award-winning web designer based in Washington, D.C. You’re firing off a little too soon there, aren’t you, Wayne?

Wayne is asking for an investment of $300,000 in exchange for a 20 percent stake in his startup, ValPark Mobile.

ValPark Mobile is an app that allows users to pay for garage or valet parking through their smartphones in a quick, secure, simple, and convenient way. ValPark Mobile is available for both Android and iOS devices.

You’ve pulled up to a valet several times and realized you don’t have any money with you. What happens after that?

You either drive about seeking a parking place that you may or may not find or go to an ATM, which is even worse.

How Was The Shark Tank Pitch Of ValPark Mobile?

Wayne Johnson appeared on the Shark Tank requesting an investment of $300,000 in exchange for a 20 percent stake in ValPark. 

Wayne Johnson left the Shark Tank stage without securing any deal from the Sharks.

Final Deal: No deal between Sharks and ValPark.

What Happened To ValPark Mobile After Shark Tank?

Troy’s estimate of 115 outlets during his Shark Tank appearance was not all that different from the number of outlets listed on the company’s website.

The application enjoyed an overwhelming response on the iTunes App Store, which Apple will call the App Store. It received a 4-star review from 16 customers there.

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During my application investigation, the only significant flaw I discovered is that it does not yet have an Android version.

Troy has a great idea, but I think he’s doing his firm a disservice by not implementing it across all platforms. 

Troy has a great idea, but I think he’s doing his firm a disservice by not implementing it across all platforms.

ValPark Mobile Shark Tank Update

The ValPark mobile app gained some popularity after its appearance on Shark Tank. However, the growth was short-lived.

More than one hundred locations in the District of Columbia, Maryland, and Virginia supported ValPark after its appearance on Shark Tank.

The ValPark website was pulled off in 2021, and even their social media profile was deactivated.

Wayne Johnson shut down his business as ValPark went out of business.

Is ValPark Mobile Still In Business?

The ValPark Mobile App website and mobile app are no longer functional or available in the app store.

In 2016, the company could not see the end of the road, and the company was forced to shut down.

ValPark generated revenue by charging end-users an 8.5 percent convenience fee on their parking fees. 

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An additional 15 percent convenience fee was added to the new model, shared between the credit card cost and the venue.

The Prices of ValPark for each location are $49. The cost of each venue every month is $49.

However, Wayne only made $270,000 in the first year of the business, and the company did not prosper after that and is now out of business.

What Is the Net Worth Of ValPark?

The valuation of ValPark was $1.5 million when it appeared on Shark Tank. The net worth of ValPark is unknown as of 2022 since the company went out of business.

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