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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. The exact amount varies depending on the region that a business is in.
Typical Profits The average towing business owners make anywhere between $30,000 and $100,000 annually.
Tow Truck Business IncomeNationwide, 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.
7 tips for running a successful tow truck businessPut safety first.Create an employee handbook to outline your workplace safety policies.Be careful when you're hiring tow truck drivers.Train your drivers.Set up a pre-trip vehicle inspection procedure.Establish a preventive maintenance program.More items...?
Typical Profits The average towing business owners make anywhere between $30,000 and $100,000 annually.
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.
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.