Covington's Customs, LLC
- Kathleen CovingtonCo-founder · Company website
How we got $636K
Based on its 4 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 33 years (since 1993)
- Founder still runs it after 33 years
- Family in the business (Kathleen Covington, Co-founder)
From public records and the company's website, not a statement that it's for sale.
What they do
Covington's Customs is a Woodward, OK company that builds custom motorcycles and cars and produces aftermarket billet parts and accessories for motorcycle riders. The company is closing, with its last day of operation set for April 17, 2026.
From the company's website. Industry: Car dealers.
Estimated value over time
▲ 43% 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 |
|---|---|---|
| COVINGTON'S CUSTOMS, LLC this business | $5.3M | — |
| NORTHWEST GOLF CARS Woodward · 2 employees | $2.6M | 3.2 mi |
| SUPREME TRAILER SALES INC Thomas · 7 employees | $4.6M | 60.2 mi |
| JAZZY HORSE TRAILERS, INC. Hydro · 1 employees | $713K | 68.6 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.2M |
| Estimate: the two combined (geometric mean) | $5.3M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $265K |
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 | $636K |
| Multiple for this size and industry | 2.4× |
| Value range | $335K – $870K |
| Revenue range | $3.5M – $6.1M |
| EBITDA range | $174K – $302K |
| Industry (NAICS) | Motorcycle, Boat, and Other Motor Vehicle Dealers (441228) |
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
History & advisors
“Established in Woodward, OK in 1993 by company founders, Jerry and Kathleen, Covington's Customs is a nationally recognized leader in the creation of high quality custom motorcycles, unique aftermarket parts and accessories, as well as custom automobiles.”
Advisors
- BankingThe Stock Exchange 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
| The Stock Exchange Bank PPP 2020, PPP 2021 | All 200 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $43K | 4 |
| 1/27/2021 | second | $47K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covington's Customs, LLC
Covington's Customs, LLC is a car dealers company in Woodward, Oklahoma, in business since 1993. It is owned by Jerry Covington (Founder). Its estimated annual revenue is about $5.3M, with roughly $265K of EBITDA. It has about 4 employees. Its estimated business value is $636K (likely range $335K–$870K).
Common questions
- Who owns Covington's Customs, LLC?
- Covington's Customs, LLC is owned by Jerry Covington (Founder), according to public sources such as the company's website or filings.
- How much revenue does Covington's Customs, LLC make?
- SeeBITDA estimates Covington's Customs, LLC's annual revenue at about $5.3M (likely between $3.5M and $6.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covington's Customs, LLC worth?
- About $636K, roughly 2.4× its estimated EBITDA of $265K, typical for a car dealers company its size. Likely range: $335K–$870K.
- How many employees does Covington's Customs, LLC have?
- About 4, as reported on its PPP loan.
- When was Covington's Customs, LLC founded?
- Covington's Customs, LLC has been in business since 1993.