American Rental and Sales, Inc.
- Mike GarbeePresident · Company website
How we got $2.5M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 6% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Some signs of a sale
- In business 48 years (since 1978)
- Family in the business (Mike Garbee, President)
From public records and the company's website, not a statement that it's for sale.
What they do
American Rental and Sales, Inc. is an equipment rental store in Tulsa, Oklahoma, that rents and sells small to medium-sized contractor tools and equipment. It serves contractors and customers in Tulsa and the surrounding Green Country area.
From the company's website. Industry: General Rental Centers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| AMERICAN RENTAL AND SALES, INC. this business | $1.8M | — |
| Storage Plus By 5R Inc Tulsa | $1.7M | 0.1 mi |
| Continental Properties Tulsa | $966K | 0.1 mi |
| Precision Alloy Tulsa | $966K | 0.1 mi |
| Reco Properties Llp Tulsa | $966K | 0.2 mi |
| Mingo Discount Storage Tulsa | $1.7M | 0.2 mi |
| Amazon Locker - Beldi Tulsa | $1.7M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 37% |
| EBITDA = revenue × margin | $664K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.5M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.3M – $3.4M |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $436K – $757K |
| Industry (NAICS) | General Rental Centers (532310) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingArvest BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $61K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About American Rental and Sales, Inc.
American Rental and Sales, Inc. is a family-owned general rental centers company in Tulsa, Oklahoma, in business since 1978. It is owned by Bud Garbee. Its estimated annual revenue is about $1.8M, with roughly $664K of EBITDA. It has about 6 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M).
Common questions
- Who owns American Rental and Sales, Inc.?
- American Rental and Sales, Inc. is owned by Bud Garbee, according to public sources such as the company's website or filings.
- How much revenue does American Rental and Sales, Inc. make?
- SeeBITDA estimates American Rental and Sales, Inc.'s annual revenue at about $1.8M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is American Rental and Sales, Inc. worth?
- About $2.5M, roughly 3.8× its estimated EBITDA of $664K, typical for a general rental centers company its size. Likely range: $1.3M–$3.4M.
- How many employees does American Rental and Sales, Inc. have?
- About 6, as reported on its PPP loan.
- When was American Rental and Sales, Inc. founded?
- American Rental and Sales, Inc. has been in business since 1978.