Hi-Tech Motors, LLC
How we got $1.9M
Based on its 13 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)
From public records and the company's website, not a statement that it's for sale.
What they do
Hi Tech Motors is a car dealer in Tulsa, OK that sells quality used cars, trucks and SUVs, with a car locator service for finding specific vehicles. It says it aims for fair prices, superior service, and treating customers right.
From the company's website. Industry: Car dealers.
Estimated value over time
▲ 20% 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 |
|---|---|---|
| HI-TECH MOTORS, LLC this business | $14.4M | — |
| J Wayne Motors Tulsa | $22.7M | 0.1 mi |
| Johnny's Auto Sales Tulsa | $22.7M | 0.1 mi |
| 2nd Generation Motor Co Tulsa | $45.4M | 0.3 mi |
| Car-Mart of Tulsa North Tulsa | $22.7M | 0.3 mi |
| First Tulsa Auto Outlet Tulsa | $22.7M | 0.3 mi |
| Bocho's Auto Sales Tulsa | $22.7M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.8M |
| Estimate: the two combined (geometric mean) | $14.4M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $631K |
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 | $1.9M |
| Multiple for this size and industry | 3× |
| Value range | $996K – $2.6M |
| Revenue range | $9.4M – $16.4M |
| EBITDA range | $415K – $719K |
| Industry (NAICS) | Used Car Dealers (441120) |
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
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $76K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hi-Tech Motors, LLC
Hi-Tech Motors, LLC is a car dealers company in Tulsa, Oklahoma, in business since 2008. It is owned by Mike Asfour. Its estimated annual revenue is about $14.4M, with roughly $631K of EBITDA. It has about 13 employees. Its estimated business value is $1.9M (likely range $996K–$2.6M).
Common questions
- Who owns Hi-Tech Motors, LLC?
- Hi-Tech Motors, LLC is owned by Mike Asfour, according to public sources such as the company's website or filings.
- How much revenue does Hi-Tech Motors, LLC make?
- SeeBITDA estimates Hi-Tech Motors, LLC's annual revenue at about $14.4M (likely between $9.4M and $16.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hi-Tech Motors, LLC worth?
- About $1.9M, roughly 3× its estimated EBITDA of $631K, typical for a car dealers company its size. Likely range: $996K–$2.6M.
- How many employees does Hi-Tech Motors, LLC have?
- About 13, as reported on its PPP loan.
- When was Hi-Tech Motors, LLC founded?
- Hi-Tech Motors, LLC has been in business since 2008.