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How much profit can a towing company make? The average tow truck business owner makes between $30,000 and $40,000 annually.
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.
The average salary for a tow truck driver in Texas is $43,500 per year. Tow truck driver salaries in Texas can vary between $18,500 to $86,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
How much does a Tow Truck Driver make in Florida? The average Tow Truck Driver salary in Florida is $53,270 as of April 26, 2022, but the range typically falls between $47,039 and $61,085.
Alaska, New Hampshire, Rhode Island, Massachusetts, and Washington provide the highest Tow Truck Driver salaries.
Tow truck operators with less than two years' experience usually earn between $21 and $25 an hour. Experienced tow truck operators and/or those with extra licences, such as heavy haulage, may earn up to $35 an hour.
How much does a Tow Truck Driver make in Ontario? As of , the average annual pay for a Tow Truck Driver in Ontario is $32,563 an year. Just in case you need a simple salary calculator, that works out to be approximately $15.66 an hour. This is the equivalent of $626/week or $2,714/month.
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.