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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.
Any company who operates a vehicle as a tow truck as defined in UCA 72-9-102(5) is required to obtain three certifications: Driver certification. Tow truck (vehicle) certification. Company certification.
VEHICLES RATED 10,000 LBS OR LESS 2022 The Utah Consumer Bill of Rights Regarding Towing was developed by the Utah Department of Transportation as required by Utah State Code 72-9-603 and HB 115 passed by the 2013 Utah State Legislature.
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.
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.
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.