Classic Chevrolet Inc
How we got $18.0M
Based on its 75 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 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Classic Chevrolet is a Chevrolet dealership in Owasso, Oklahoma, selling new and used vehicles and offering a Chevrolet parts and service center, with financing assistance for buyers.
From the company's website. Industry: Car dealers.
Customers & suppliers
Suppliers & brands
- Chevrolet · brand it sells or installs
- GM · brand it sells or installs
Estimated value over time
▲ 19% 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
▲ 307% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 75 | $73.2M |
| 2020 | Form 5500 | 120 | $117.0M |
| 2021 | Form 5500 | 161 | $157.0M |
| 2022 | Form 5500 | 94 | $91.7M |
| 2023 | Form 5500 | 93 | $90.7M |
| 2024 | Form 5500 | 321 | $313.1M |
| 2025 | Form 5500 | 305 | $297.5M |
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 |
|---|---|---|
| CLASSIC CHEVROLET INC this business | $114.2M | — |
| Tony’s Car Sales Owasso | $22.7M | 0.0 mi |
| Sierra Auto Sales Owasso | $22.7M | 0.0 mi |
| Charity Auto Sales Owasso | $22.7M | 0.6 mi |
| GARNER AUTO SALES Owasso · 3 employees | $6.7M | 0.7 mi |
| Platinum Apparatus Tulsa | $22.7M | 1.0 mi |
| Adventure Time Rv Owasso | $22.7M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 75 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $95.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $104.8M |
| Estimate: the two combined (geometric mean) | $114.2M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.1M |
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 | $18.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $9.5M – $24.6M |
| Revenue range | $75.1M – $130.2M |
| EBITDA range | $2.7M – $4.7M |
| Industry (NAICS) | New Car Dealers (441110) |
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
- THTerrie HylandSigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingFirstar 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
| Firstar Bank PPP 2020 | All 380 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $925K | 75 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Classic Chevrolet Inc
Classic Chevrolet Inc is a family-owned car dealers company in Owasso, Oklahoma, in business since 1986. It is owned by Wayne Cline and Keith Haney. Its estimated annual revenue is about $114.2M, with roughly $4.1M of EBITDA. It has about 305 employees. Its estimated business value is $18.0M (likely range $9.5M–$24.6M).
Common questions
- Who owns Classic Chevrolet Inc?
- Classic Chevrolet Inc is owned by Wayne Cline and Keith Haney, according to public sources such as the company's website or filings.
- How much revenue does Classic Chevrolet Inc make?
- SeeBITDA estimates Classic Chevrolet Inc's annual revenue at about $114.2M (likely between $75.1M and $130.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Classic Chevrolet Inc worth?
- About $18.0M, roughly 4.4× its estimated EBITDA of $4.1M, typical for a car dealers company its size. Likely range: $9.5M–$24.6M.
- How many employees does Classic Chevrolet Inc have?
- About 305, from its 2025 retirement-plan filing.
- When was Classic Chevrolet Inc founded?
- Classic Chevrolet Inc has been in business since 1986.