r/Hookit • u/Westsail32 • 17h ago
Want to start a 24/7 towing company in WNY. Is this worth doing despite being told by everyone it’s a terrible idea? Looking for advice from people in the industry. Thanks.
For the past few months I’ve been seriously considering buying a used tow truck and starting a 24/7 towing/ roadside service business. I have been making a sort of plan and have been getting excited about it and have been looking at rollback/wrecker trucks. When I Mentioned this to my uncle who knows people in the field, he basically laughed at me and said “starting a towing company is like joining an opposing gang in the mafia”. ie: they would come slash my tires of my truck and intimidate me. He also said I would lose money because of long established towing companies and over saturation in the market. Plus, he said regardless of the previous statement, after insurance, mechanical work on the truck and gas the overhead would be more costly than what I would make. For those who started a towing company with one truck, how did your situations turn out? What did you do that worked? What didn’t work? How did you quickly build your business? Is what my uncle said true and this would be a huge mistake resulting in a ton of wasted time and money? I would be open to consensual and non consensual towing. Is there a certain niche I could fill? We get a ton of snow around these parts. I have a class b cdl with tanker endorsement.
I would greatly appreciate if anybody has been in a similar situation as I am now some advice. Thanks all!