Double 's' Tank Trucks Service, Inc.
How we got $9.5M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 29% 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.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOUBLE 'S' TANK TRUCKS SERVICE, INC. this business | $8.3M | — |
| DESTIN CORPORATION Fairmont · 2 employees | $11.5M | 7.1 mi |
| CIRRUS PRODUCTION COMPANY Enid · 7 employees | $31.8M | 17.1 mi |
| RESOURCES OPERATING CO., INC. Enid · 2 employees | $8.3M | 18.3 mi |
| HENRY GUNGOLL OPERATING INC Enid · 5 employees | $24.9M | 18.6 mi |
| THREE SANDS OIL INC Perry · 5 employees | $23.2M | 18.8 mi |
| SHELLBARK VENTURES LLC Enid · 1 employees | $4.5M | 19.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.5M |
| Estimate: the two combined (geometric mean) | $8.3M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.0M |
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 | $9.5M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.0M – $13.0M |
| Revenue range | $5.5M – $9.5M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Advisors
- BankingFirst Bank & Trust CompanyPPP / 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
| First Bank and Trust Co PPP 2020, PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $24K | 3 |
| 1/20/2021 | second | $24K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Double 's' Tank Trucks Service, Inc.
Double 's' Tank Trucks Service, Inc. is a crude petroleum extraction company in Garber, Oklahoma, in business since 1998. Its estimated annual revenue is about $8.3M, with roughly $2.0M of EBITDA. It has about 3 employees. Its estimated business value is $9.5M (likely range $5.0M–$13.0M).
Common questions
- Who owns Double 's' Tank Trucks Service, Inc.?
- The owner of Double 's' Tank Trucks Service, 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 Double 's' Tank Trucks Service, Inc. make?
- SeeBITDA estimates Double 's' Tank Trucks Service, Inc.'s annual revenue at about $8.3M (likely between $5.5M and $9.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Double 's' Tank Trucks Service, Inc. worth?
- About $9.5M, roughly 4.7× its estimated EBITDA of $2.0M, typical for a crude petroleum extraction company its size. Likely range: $5.0M–$13.0M.
- How many employees does Double 's' Tank Trucks Service, Inc. have?
- About 3, as reported on its PPP loan.
- When was Double 's' Tank Trucks Service, Inc. founded?
- Double 's' Tank Trucks Service, Inc. has been in business since 1998.