Bud's Salvage LLC
How we got $775K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
What they do
Bud Salvage Blog is a blog publishing articles about salvage cars, auto auctions, salvage titles, repair, shipping and selling salvage vehicles. The pages do not state that the business sells or buys vehicles or parts directly.
From the company's website. Industry: Recyclable Material Merchant Wholesalers.
Estimated value over time
▲ 48% 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 |
|---|---|---|
| BUD'S SALVAGE LLC this business | $3.2M | — |
| OAKWOOD POOL & SPAS, INC. Enid · 9 employees | $5.8M | 28.9 mi |
| JACKSON DIAMOND JEWELERS, INC. Enid · 3 employees | $5.7M | 31.1 mi |
| CIMARRON METALS LLC Enid · 6 employees | $3.7M | 31.3 mi |
| CHAMPLIN FIREARMS, INC Enid · 2 employees | $2.4M | 36.4 mi |
| SOUTHALL SUPPLY AND SERVICES INC Cashion · 1 employees | $1.7M | 66.9 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $3.2M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $267K |
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 | $775K |
| Multiple for this size and industry | 2.9× |
| Value range | $408K – $1.1M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $176K – $305K |
| Industry (NAICS) | Recyclable Material Merchant Wholesalers (423930) |
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
Leadership
- GTGeorge ThorneBlog author · Company website · source
Advisors
- BankingCleo State 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
| Cleo State Bank PPP 2020 | All 37 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $21K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bud's Salvage LLC
Bud's Salvage LLC is a recyclable material merchant wholesalers company in Aline, Oklahoma, in business since 2011. Its estimated annual revenue is about $3.2M, with roughly $267K of EBITDA. It has about 3 employees. Its estimated business value is $775K (likely range $408K–$1.1M).
Common questions
- Who owns Bud's Salvage LLC?
- The owner of Bud's Salvage LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Bud's Salvage LLC make?
- SeeBITDA estimates Bud's Salvage LLC's annual revenue at about $3.2M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bud's Salvage LLC worth?
- About $775K, roughly 2.9× its estimated EBITDA of $267K, typical for a recyclable material merchant wholesalers company its size. Likely range: $408K–$1.1M.
- How many employees does Bud's Salvage LLC have?
- About 3, as reported on its PPP loan.
- When was Bud's Salvage LLC founded?
- Bud's Salvage LLC has been in business since 2011.