4 Best Towing Franchise Opportunities In 2024

Looking for the best towing franchise opportunities in the industry? We got you!

The market value of the towing industry in the U.S. was 0.5 billion U.S. dollars in 2021, and this value is expected to grow at a compounded annual growth rate of 6% by 2027.

As such, this might be a great time to invest in this business. Since there are not many towing franchises out there, make sure you check out the details of all four towing franchises that we have listed in this guide.

Best Towing Franchise Opportunities

4 Best Towing Franchise Opportunities

1. Speedy Towing

Speedy Towing
Founded2001
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$65,900 – $120,400
Franchise FeesN/A
Liquidity$30,000
Royalty Fees6%

Speedy Towing has served Salt Lake County and surrounding areas since 2001. The company offers top-notch services for heavy-duty towing, junk towing, accident towing, etc.

It is also known for offering speedy service at a very competitive price. If you are looking for the best towing franchise, then Speedy Towing is the most sought-after option.

Speedy Towing franchise requires an investment of $65,900 – $120,400 and $30,000 in liquid capital. If you have the needed capital, then you must get in touch with the company to find out their entire franchise process.


2. Sea Tow

Sea Tow
Founded1983
Franchising SinceN/A
Estimated Outlets120+
Initial Investment$125,000 – $275,000
Franchise Fees$15,000 – $35,000
Liquidity$50,000 
Royalty FeesN/A

Sea Tow is one of the most unique franchise opportunities as it offers towing services in the sea and not on the land. With over 100 Sea Tow franchises in the U.S. and Europe, Sea Tow is the recognized leader in marine assistance. 

If you are someone who loves the sea, then this unique opportunity could be just right for you. The franchisor gives necessary training and support, marketing help, etc., to the shortlisted candidates.

You need to have a minimum net worth of $200,000 and liquidity of $50,000 to be eligible for this franchise.


3. 10-4 Tow

10-4 Tow
Founded2018
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$4,250 – $17,400
Franchise FeesN/A
LiquidityN/A
Royalty FeesN/A

10-4 Tow is relatively new to the business, and they are currently looking for people who are interested in joining their business as franchisees.

There is not much information available about this franchise except that you will need $4,250 – $17,400 to invest in this business. We have to say that the investment is pretty low compared to a lot of options that we have reviewed so far.

You can simply get in touch with 10-4 on their website to find out more details about the eligibility, profit potential, etc.


4. Motorcycle Towing Professionals

Motorcycle Towing Professionals
Founded1988
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$25,000 to $100,000
Franchise Fees$20,000
LiquidityN/A
Royalty FeesN/A

Motorcycle Towing Professionals is a company created by the people who ride for those who ride.

The franchisor offers one week of training at the headquarters of Motorcycle Towing Professionals, followed by three days of training at the franchisee’s location.

Apart from this, the franchisor also offers ongoing training and support to get you started. If you are interested in this franchise, then make sure you have $25,000 to $100,000 as the initial investment.


Comparison Of 4 Best Towing Franchise Opportunities

CompanyFoundedOutletsFranchise FeeInitial Investment Royalty Fee
Speedy Towing2001N/AN/A$65,900 – $120,4006%
Sea Tow1983N/A$15,000 – $35,000$125,000 – $275,000 N/A
10-4 Tow2018N/AN/A$4,250 – $17,400N/A
Motorcycle Towing Professionals1988N/A$20,000$25,000 to $100,000N/A

When Should You Choose A Towing Franchise?

Before you decide to commit yourself to a towing business, here are some questions that you must ask yourself:

Can you work outdoors all the time?

Towing business requires you to work outdoors all the time; if you are okay with that, then great. But if you prefer working indoors, then investing in some other kind of franchise might be better for you.

Do you mind sharing your profits?

The whole point of buying a franchise is to be able to get customers without building a brand from scratch. However, this benefit that you get from buying a franchise comes at a cost.

Each month, you pay royalty to the franchisor as a fee for allowing you to operate under their brand name. So choose the route of franchising only if you don’t mind this sacrifice.

Can you deal with challenging situations?

Towing business could require you to tow accidental vehicles or vehicles that are stuck in tricky situations. All this will get challenging many times.

So, ask yourself, can you deal with challenging situations? If you are not afraid of a little challenge, then this franchise could be right for you.


Things You Need To Know Before Choosing A Towing Franchise

Before you pick a towing franchise for yourself, check out these key points that will help you pick the right option:

Royalty & other fees

As you already know, you will have to pay a royalty when you buy a franchise. But the important thing here is to know what percentage of royalty you will have to pay. This could usually range from 2% to 10%.

There is also a monthly or yearly advertisement fee that you would have to pay. So, make sure you pick an option that has an acceptable royalty fee. Or else you won’t get to take home much of your profits.

Financing Help

Ideally, towing franchises do not cost that much. But if you do not have the needed investment amount, then you can look for an option that offers financing help.

This could be either in-house financing or third-party financing.

Training & Support

Every business works in a different way, so you must ensure that you receive the relevant training and support from the franchisor.

This will prepare you right at the start to handle the business with ease and will also prepare you to carry on the business with minimum hiccups.


Wrap Up

So, investing in a towing business could be a good option given the increasing demand in this business.

However, there are not many towing businesses who are offering franchises. We hope that the best towing franchise opportunities that we shared in this guide were useful for you.


FAQ’s

How Much Does A Towing Franchise Cost?

The price of a towing franchise could vary depending on the brand you choose. However, based on the options shared in this guide, a towing franchise would cost you between $4,250 and $275,000.

How Much Can I Make From A Towing Franchise?

On average towing business owners make between $30,000 to $100,000 annually.

Is Towing Business Profitable?

Yes, a towing business can be profitable, especially in areas where towing demand is high. However, the success of a towing business depends largely on your location, demand, and your service.

Which Is The Cheapest Towing Franchise To Own?

10-4 Tow is the cheapest towing franchise with an initial investment of $4,250 – $17,400. 

What Is The Profit Margin In Towing Industry?

On average, the profit margin in the towing industry can vary between 10% and 25%. However, these are just estimates, and the actual profit margin of your towing business can be different depending on a number of factors.

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