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While ZipRecruiter is seeing salaries as high as $224,148 and as low as $18,679, the majority of Tow Truck Owner salaries currently range between $31,459 (25th percentile) to $147,465 (75th percentile) with top earners (90th percentile) making $203,994 annually in California.
The average towing business owners make anywhere between $30,000 and $100,000 annually.
Most tow truck companies charge by the mile with a base hookup fee. The average cost for towing services can vary by the company and the region. Many towing companies charge a base rate for the first few miles, then charge an additional cost per mile after that.
A tow truck business makes money by charging customers for tows. A typical charge will include a flat fee for the tow, a mileage fee, and a storage fee.
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 Tow Truck A Good Business? In 2019, the automobile towing industry earned $8 billion in revenue, so it's a great time to become a tow truck operator. You can start a towing business in 2020 for anywhere from $50,000 to $100,000.
Right now is the perfect time to join the tow truck industry: The automobile towing industry brought in $8 billion in revenue in 2019. This whopping figure proves that starting a towing business is possible and profitable, even in 2020.
How much profit can a towing company make? The average tow truck business owner makes between $30,000 and $40,000 annually.