How much money do tow truck owners make?

Is a tow truck business profitable?

Typical Profits

Tow truck charges an average of $120 per tow, which may include both a flat fee and mileage charge. … The average storage fee is in the tune of $20 per day. The average towing business owners make anywhere between $30,000 and $100,000 annually.

How much can you make owning a towing company?

How much profit can a towing company make? The average tow truck business owner makes between $30,000 and $40,000 annually. The exact amount varies depending on the region that a business is in.

Are tow trucks a good investment?

If you’re really low on start up funds, you might consider renting tow equipment until you have enough contracts to justify the purchase of your own tow truck. However, if you plan to have your business for a long time, it’s probably worth the investment to purchase towing equipment.

Is starting a tow truck business a good idea?

Starting your own business can be as exciting as it is profitable. By starting an independent towing company, you get to be your own boss and provide an essential service to your community. People will always need towing services as long as there are cars on the road, and you can set yourself up to answer the call.

Is there money in towing cars?

Nationwide, tow truck drivers make $13.30 per hour, which is a $27,664 salary, but this includes drivers who work for someone else. As a tow truck business owner, you’ll be able to retain all of your profits. … Although you’ll want to make a profit, you can easily find other tow companies are undercutting your prices.

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