May 1, 2025 | Automobile Towing, Buying a Business
When considering buying an automobile towing business, understanding its fair market value is essential. The automobile towing industry ensures that vehicles are quickly and safely moved to another location. Due to growing demand, the automobile towing industry...
Jul 7, 2023 | Automobile Towing, Towing Company, Valuation Multiples
The automobile towing industry includes companies that tow light or heavy vehicles. They may also provide incidental services like storage and road repair. IBIS World notes that there are about 10,000 towing companies throughout the country. Together, these towing...
Jun 10, 2023 | Automobile Towing, Business Appraiser, Business Valuation
There are over 10,000 towing companies in the United States. According to IBIS World, less than 1 percent of these companies are major players. As such, the automobile towing industry is extremely fragmented. In recent years, the towing industry was able to generate...
Nov 4, 2022 | Automobile Towing, Business Valuation, Value Drivers
Over the past several years, the market conditions for automobile towing have been extremely favorable. Such conditions include increases in both disposable income and the consumer confidence index. Additionally, more Americans driving personal vehicles results in...
