Motor Vehicle Towing Revenue Benchmarks

How much does the average motor vehicle towing business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$870K

per year

💰

Profit Margin

5.0%

industry average

📈

Revenue / Employee

$133K

per year

👤

Total Businesses

9,860

in the US

🏢

Est. Owner Income

$44K

small business avg

💵

Labor Cost

35.0%

of revenue

👥

Avg Employee Wage

$54K

per year (BLS)

💼

Market Saturation

3.0

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$184K
5-9 employees
$767K
10-19 employees
$1.7M
20-99 employees
$4.6M
100-499 employees
$23.5M
500+ employees
$30.1M

🏆 Highest Revenue States

1.Nevada$1.3M avg2.Arizona$1.3M avg3.Ohio$1.2M avg4.California$1.2M avg5.Minnesota$1.2M avg6.Kansas$1.1M avg7.Kentucky$1.1M avg8.Virginia$1.0M avg9.Indiana$1.0M avg10.Colorado$963K avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

12.86%

openings/year

Closure Rate

11.44%

closings/year

Net Job Growth

+2.27%

annual

Businesses Closed

1,319

in 2023

Firm Count Trend

19
20
21
22
23
9,926 firms11,134 firms

💡 Should You Start a Motor Vehicle Towing Business?

Startup Cost

$50K – $250K

Break-Even

41 months

5-Year Survival Rate

50.0%

🆚 Related Industries

General Freight Trucking, Long-Distance, Truckload$1.8MGeneral Freight Trucking, Local$984KSpecialized Freight (except Used Goods) Trucking, Local$1.2MFreight Transportation Arrangement$3.8MSpecialized Freight (except Used Goods) Trucking, Long-Distance$2.9M

Compare Motor Vehicle Towing revenue with other industries:

vs Generalvs Generalvs Specialized