Asphalt Express Enterprises, LLC
How we got $4.8M
Based on its 72 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 21 years (since 2005)
- Founder still runs it after 21 years
From public records and the company's website, not a statement that it's for sale.
What they do
Asphalt Express Enterprises is a bulk liquid transportation company that also offers rail terminal, tank farm storage, and crude sales and service for customers who transport, store, buy, sell, or blend bulk liquids on highways or railways.
From the company's website. Industry: Specialized Freight (except Used Goods) Trucking, Local.
Estimated value over time
▲ 17% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ASPHALT EXPRESS ENTERPRISES, LLC this business | $11.8M | — |
| RODDY PRESLEY INC Ardmore · 3 employees | $833K | 3.3 mi |
| TEXOMA TRANSPORTATION Ardmore · 1 employees | $390K | 3.3 mi |
| GENERATIONS EXPRESS LLC Ardmore · 2 employees | $918K | 3.7 mi |
| JAG HAULING INC. Ardmore · 1 employees | $592K | 5.9 mi |
| RBJ TRUCKING, INC. Ardmore · 7 employees | $2.3M | 6.8 mi |
| MCLAIN TRUCKING LLC Lone Grove · 1 employees | $417K | 7.0 mi |
The full calculation
| Employees reported to the SBA | 72 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.3M |
| Estimate: the two combined (geometric mean) | $11.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.3M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 6% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $4.8M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.9M – $7.6M |
| Revenue range | $8.8M – $15.3M |
| EBITDA range | $956K – $1.7M |
| Industry (NAICS) | Specialized Freight (except Used Goods) Trucking, Local (484220) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“In 2005 a then owner operator, Roy Davis, with his entrepreneurial vision, saw an opportunity to buy the transportation terminal and the assets of his current employer in Ardmore, OK.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $524K | 72 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Asphalt Express Enterprises, LLC
Asphalt Express Enterprises, LLC is a specialized freight (except used goods) trucking, local company in Ardmore, Oklahoma, in business since 2005. It is owned by Roy Davis. Its estimated annual revenue is about $11.8M, with roughly $1.3M of EBITDA. It has about 72 employees. Its estimated business value is $4.8M (likely range $2.9M–$7.6M).
Common questions
- Who owns Asphalt Express Enterprises, LLC?
- Asphalt Express Enterprises, LLC is owned by Roy Davis, according to public sources such as the company's website or filings.
- How much revenue does Asphalt Express Enterprises, LLC make?
- SeeBITDA estimates Asphalt Express Enterprises, LLC's annual revenue at about $11.8M (likely between $8.8M and $15.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Asphalt Express Enterprises, LLC worth?
- About $4.8M, roughly 3.8× its estimated EBITDA of $1.3M, typical for a specialized freight (except used goods) trucking, local company its size. Likely range: $2.9M–$7.6M.
- How many employees does Asphalt Express Enterprises, LLC have?
- About 72, as reported on its PPP loan.
- When was Asphalt Express Enterprises, LLC founded?
- Asphalt Express Enterprises, LLC has been in business since 2005.