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Actually, Julie, they are considered an emergency vehicle when responding to an emergency call for a tow. Missouri law defines emergency vehicles. That definition includes: "Any wrecker, or tow truck or a vehicle owned and operated by a public utility or public service corporation while performing emergency service."
Typical Profits 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.
How much profit can a towing company make? The average tow truck business owner makes between $30,000 and $40,000 annually.
In my state, Missouri, state statutes say that: The towing company is not required to release personal property within the abandoned vehicle to the owner until reasonable or agreed to charges for recovery, transportation, or safekeeping have been paid or satisfactory arrangements for payment are agreed upon.
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.
Tow Truck OperatorMust have at least one year experience operating a tow truck. Must have a clean driving record. Must be able to drive a stick shift. Must have, at minimum, a Class E license.
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.
InstructionsStep 1: Police Record Check. Before visiting City Hall to acquire your Graduated Business License, you must obtain a Police Record check from the City or St.Step 2: Complete GBL form and visit our office.Step 3: Obtain Statement of Clearance.Step 4: Obtain Occupancy Permit.Step 5: Additional Information.
Motor Vehicles Missouri law requires motor vehicles being towed by a towline not be separated more than 15 feet. In ad- dition to the towline, a safety chain or device is required. When being towed at night, lawful lights must be displayed on the tow vehicle and the vehicle being towed.