Carlton Enterprises, Inc.
How we got $20.1M
Based on its 90 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
- Headcount down 35% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 20% 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.
Employees over time
▼ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 90 | $73.6M |
| 2020 | Form 5500 | 99 | $81.0M |
| 2021 | Form 5500 | 29 | $23.7M |
| 2022 | Form 5500 | 54 | $44.2M |
| 2023 | Form 5500 | 51 | $41.7M |
| 2024 | Form 5500 | 64 | $52.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CARLTON ENTERPRISES, INC. this business | $127.6M | — |
| Don Carlton Honda Tulsa | $22.7M | 0.0 mi |
| Bill Knight Mitsubishi Tulsa | $22.7M | 0.1 mi |
| UAG TULSA VC,LLC Tulsa · 274 employees | $444.3M | 0.1 mi |
| Lincoln Tulsa | $22.7M | 0.1 mi |
| Lincoln Tulsa | $22.7M | 0.1 mi |
| DON THORNTON IMPORTS, LLC Tulsa · 41 employees | $64.8M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 90 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $107.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $116.5M |
| Estimate: the two combined (geometric mean) | $127.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.6M |
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 | $20.1M |
| Multiple for this size and industry | 4.4× |
| Value range | $10.6M – $27.5M |
| Revenue range | $83.9M – $145.5M |
| EBITDA range | $3.0M – $5.2M |
| Industry (NAICS) | Used Car Dealers (441120) |
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
Advisors
- AccountingRose Rock CPAS, PLLCAudits its 401(k) plan (2020 filing)
- BankingGrand 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
| Grand Bank PPP 2020 | All 407 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $884K | 90 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carlton Enterprises, Inc.
Carlton Enterprises, Inc. is a car dealers company in Tulsa, Oklahoma. Its estimated annual revenue is about $127.6M, with roughly $4.6M of EBITDA. It has about 64 employees. Its estimated business value is $20.1M (likely range $10.6M–$27.5M).
Common questions
- Who owns Carlton Enterprises, Inc.?
- The owner of Carlton Enterprises, Inc. 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 Carlton Enterprises, Inc. make?
- SeeBITDA estimates Carlton Enterprises, Inc.'s annual revenue at about $127.6M (likely between $83.9M and $145.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carlton Enterprises, Inc. worth?
- About $20.1M, roughly 4.4× its estimated EBITDA of $4.6M, typical for a car dealers company its size. Likely range: $10.6M–$27.5M.
- How many employees does Carlton Enterprises, Inc. have?
- About 64, from its 2024 retirement-plan filing.