Charette-Hill Racing
How we got $1.3M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 2% 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 |
|---|---|---|
| CHARETTE-HILL RACING this business | $2.2M | — |
| STACY CHARETTE HILL RACING INC Lexington · 7 employees | $1.8M | 0.0 mi |
| HOOFBEATS FOR HOPE, LTD. CO. Norman · 1 employees | $709K | 15.7 mi |
| TEAMS OF TOMORROW, CENTRAL OKLAHOMA, LLC Blanchard · 1 employees | $586K | 21.4 mi |
| JHS ENTERPRISES LLC Norman · 1 employees | $709K | 22.5 mi |
| DREAM WALKIN' FARMS, INC. Norman · 14 employees | $4.1M | 22.8 mi |
| APEX FITNESS AND MARTIAL ARTS, LLC Tuttle · 6 employees | $2.1M | 29.3 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $497K |
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 | $1.3M |
| Multiple for this size and industry | 2.7× |
| Value range | $706K – $1.8M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $327K – $567K |
| Industry (NAICS) | Racetracks (711212) |
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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/11/2020 | first | $35K | 9 |
About Charette-Hill Racing
Charette-Hill Racing is a racetracks company in Lexington, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $497K of EBITDA. It has about 9 employees. Its estimated business value is $1.3M (likely range $706K–$1.8M).
Common questions
- Who owns Charette-Hill Racing?
- The owner of Charette-Hill Racing 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 Charette-Hill Racing make?
- SeeBITDA estimates Charette-Hill Racing's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Charette-Hill Racing worth?
- About $1.3M, roughly 2.7× its estimated EBITDA of $497K, typical for a racetracks company its size. Likely range: $706K–$1.8M.
- How many employees does Charette-Hill Racing have?
- About 9, as reported on its PPP loan.