Garnett Oil Company, Inc
How we got $1.1M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 26% 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 37 years (since 1989)
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 |
|---|---|---|
| GARNETT OIL COMPANY, INC this business | $10.3M | — |
| THE STORE, LLC Freedom · 6 employees | $3.4M | 24.9 mi |
| HAY-BUR LLC Mooreland · 26 employees | $12.4M | 33.4 mi |
| HAMMER ENTERPRISES, INC Fairview · 45 employees | $25.3M | 37.9 mi |
| KORNER STORE LLC Ames · 6 employees | $3.8M | 46.4 mi |
| MIDWAY HWY 81, LLC Kremlin · 13 employees | $6.8M | 47.1 mi |
| GORE'S 66, LLC Seiling · 3 employees | $3.8M | 47.3 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.8M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $476K |
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 | $1.1M |
| Multiple for this size and industry | 2.4× |
| Value range | $601K – $1.6M |
| Revenue range | $6.8M – $11.7M |
| EBITDA range | $313K – $542K |
| Industry (NAICS) | Retail Trade (447110) |
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: approximate sector default. 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
- BankingAlva State 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 Roles are as stated there and may be out of date.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
| Alva State Bank & Trust Company PPP 2020, PPP 2021 | All 172 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $76K | 9 |
| 1/16/2021 | second | $76K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Garnett Oil Company, Inc
Garnett Oil Company, Inc is a retail trade company in Alva, Oklahoma, in business since 1989. Its estimated annual revenue is about $10.3M, with roughly $476K of EBITDA. It has about 9 employees. Its estimated business value is $1.1M (likely range $601K–$1.6M).
Common questions
- Who owns Garnett Oil Company, Inc?
- The owner of Garnett Oil Company, 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 Garnett Oil Company, Inc make?
- SeeBITDA estimates Garnett Oil Company, Inc's annual revenue at about $10.3M (likely between $6.8M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Garnett Oil Company, Inc worth?
- About $1.1M, roughly 2.4× its estimated EBITDA of $476K, typical for a retail trade company its size. Likely range: $601K–$1.6M.
- How many employees does Garnett Oil Company, Inc have?
- About 9, as reported on its PPP loan.
- When was Garnett Oil Company, Inc founded?
- Garnett Oil Company, Inc has been in business since 1989.