Elite Motorsports LLC
How we got $1.1M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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 21 years (since 2005)
- Founder still runs it after 21 years
From public records and the company's website, not a statement that it's for sale.
What they do
Elite Motorsports, LLC is an NHRA championship drag racing team and a source for race-ready equipment, selling motorhomes, toterhomes, race cars and race trailers.
From the company's website. Industry: Car dealers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELITE MOTORSPORTS LLC this business | $10.8M | — |
| SCOTT MOTORS LLC Pauls Valley · 1 employees | $1.2M | 7.7 mi |
| ARBUCKLE SPORTS CENTER INC Davis · 10 employees | $8.1M | 10.4 mi |
| LONGHORN SCOOTERS, INC. Ardmore · 5 employees | $3.4M | 29.1 mi |
| OUTDOOR POWERSPORTS OKLAHOMA, LLC Ardmore · 20 employees | $15.1M | 29.6 mi |
| ROCKY RIDGE POWERSPORTS AND OUTDOORS, LLC Ada · 9 employees | $9.5M | 30.8 mi |
| SS CUSTOM BOATS & FABRICATION LLC Ardmore · 2 employees | $2.0M | 33.0 mi |
Ranges & sources
| Revenue range | $7.1M – $12.3M |
| EBITDA range | $311K – $539K |
| Industry (NAICS) | Boat Dealers (441222) |
| Value range | $597K – $1.6M |
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
“Since founding the company in 2005, Richard has created a Pro Stock dynasty that is now the largest team in the National Hot Rod Association’s (NHRA) professional ranks.”
Advisors
- BankingFirst United Bank and 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $116K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elite Motorsports LLC
Elite Motorsports LLC is a car dealers company in Wynnewood, Oklahoma, in business since 2005. It is owned by Richard Freeman. Its estimated annual revenue is about $10.8M, with roughly $473K of EBITDA. It has about 10 employees. Its estimated business value is $1.1M (likely range $597K–$1.6M).
Common questions
- Who owns Elite Motorsports LLC?
- Elite Motorsports LLC is owned by Richard Freeman, according to public sources such as the company's website or filings.
- How much revenue does Elite Motorsports LLC make?
- SeeBITDA estimates Elite Motorsports LLC's annual revenue at about $10.8M (likely between $7.1M and $12.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elite Motorsports LLC worth?
- About $1.1M, roughly 2.4× its estimated EBITDA of $473K, typical for a car dealers company its size. Likely range: $597K–$1.6M.
- How many employees does Elite Motorsports LLC have?
- About 10, as reported on its PPP loan.
- When was Elite Motorsports LLC founded?
- Elite Motorsports LLC has been in business since 2005.