Eubanks Equipment
How we got $5.3M
Based on its 21 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
- Family in the business (Craig Eubanks, Co-owner (purchased dealership with father Bob Eubanks))
From public records and the company's website, not a statement that it's for sale.
What they do
Eubanks Equipment is a family-owned dealership selling and servicing Vermeer hay and forage equipment, along with other agricultural, ranching and construction equipment. It serves customers across Northeast Oklahoma, Southwest Missouri, Southeast Kansas, and Northwest Arkansas.
From the company's website. Industry: Lawn and Garden Equipment and Supplies Retailers.
Customers & suppliers
Suppliers & brands
- Vermeer · brand it sells or installs
- Arrowquip · brand it sells or installs
- DewEze · brand it sells or installs
- Yanmar · brand it sells or installs
- Bad Boy Mowers · brand it sells or installs
- Hustler Mowers · brand it sells or installs
- Bush-Whacker · brand it sells or installs
- Sitrex · brand it sells or installs
- Stull Feeders · brand it sells or installs
- Russell Creek Engineering · brand it sells or installs
- Hyundai · brand it sells or installs
- Deutz-Fahr · brand it sells or installs
- Manitou · brand it sells or installs
- Butler Beds · brand it sells or installs
- Great Plains Ag · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DRUMMOND CATTLE LLC · Tulsa, 76 mi · $129.5M
- J-M FARMS, INC · Miami, 14 mi · $82.0M
- J-M FARMS HOLDING, LLC · Miami, 13 mi · $76.3M
- J-M FOODS, LLC · Miami, 14 mi · $37.0M
- JURGENSMEYER MUSHROOM COMPANY, LLC · Miami, 14 mi · $14.0M
Estimated value over time
▲ 33% 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
▲ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 21 | $8.5M |
| 2022 | Form 5500 | 23 | $9.4M |
| 2023 | Form 5500 | 18 | $7.3M |
| 2024 | Form 5500 | 23 | $9.4M |
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 |
|---|---|---|
| EUBANKS EQUIPMENT this business | $16.4M | — |
| PRO-ENERGY FEEDS, INC. Vinita · 2 employees | $1.9M | 24.2 mi |
| BANDY RANCH LLC Vinita · 1 employees | $840K | 24.8 mi |
| APEX ANIMAL SUPPLY LLC Grove · 4 employees | $2.1M | 36.1 mi |
| HONEY CREEK NURSERY WHOLESALE AND FARM, INC Grove · 16 employees | $7.0M | 36.4 mi |
| HOLLAND FEED LLC Jay · 3 employees | $1.8M | 42.3 mi |
| TURF LAND OUTDOOR POWER EQUIPMENT LLC Claremore · 4 employees | $3.0M | 53.9 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.8M |
| Estimate: the two combined (geometric mean) | $16.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.8M – $7.2M |
| Revenue range | $10.8M – $18.7M |
| EBITDA range | $960K – $1.7M |
| Industry (NAICS) | Lawn and Garden Equipment and Supplies Retailers (444210) |
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
“Eubanks Equipment began in 2008 when Bob Eubanks and his son, Craig Eubanks, purchased an existing Vermeer dealership in Welch, OK.”
Leadership
- CECraig EubanksCo-owner (purchased dealership with father Bob Eubanks) · Company website · source
Advisors
- BankingGrand Savings 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
| Grand Savings Bank PPP 2020 | All 196 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $196K | 21 |
2 locations
| 443858 E 20 RD | Welch | This listing |
| 16150 OK-20 | Claremore | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eubanks Equipment
Eubanks Equipment is a family-owned lawn and garden equipment and supplies retailers company in Welch, Oklahoma, in business since 2008. It is owned by Bob Eubanks. Its estimated annual revenue is about $16.4M, with roughly $1.5M of EBITDA. It has about 23 employees. Its estimated business value is $5.3M (likely range $2.8M–$7.2M). It has 2 locations.
Common questions
- Who owns Eubanks Equipment?
- Eubanks Equipment is owned by Bob Eubanks, according to public sources such as the company's website or filings.
- How much revenue does Eubanks Equipment make?
- SeeBITDA estimates Eubanks Equipment's annual revenue at about $16.4M (likely between $10.8M and $18.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eubanks Equipment worth?
- About $5.3M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a lawn and garden equipment and supplies retailers company its size. Likely range: $2.8M–$7.2M.
- How many employees does Eubanks Equipment have?
- About 23, from its 2024 retirement-plan filing.
- When was Eubanks Equipment founded?
- Eubanks Equipment has been in business since 2008.