Hughes Racing Inc.
How we got $401K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▼ 13% 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
What they do
Hughes Racing Chassis is the sole builder, manufacturer and distributor of its Hughes Racing Chassis, custom designed for modified dirt track racing across the United States. It serves racers from USMTS and UMP to B-mod and economy mod classes.
From the company's website. Industry: Other Motor Vehicle Parts Manufacturing.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HUGHES RACING INC. this business | $1.1M | — |
| Tatoma USA West Siloam Springs | $2.4M | 1.8 mi |
| SUMMERS PUMPS, INC. Colcord · 2 employees | $1.4M | 6.4 mi |
| REFAB INC. Watts · 1 employees | $457K | 8.6 mi |
| BUFFER ELECTRIC LLC Colcord · 1 employees | $407K | 9.8 mi |
| BRADFORD MARKETING INC. Westville · 2 employees | $2.1M | 11.8 mi |
| PLATINUM STRUCTURES LLC Kansas · 1 employees | $631K | 12.1 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $803K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $154K |
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 | $401K |
| Multiple for this size and industry | 2.6× |
| Value range | $211K – $549K |
| Revenue range | $720K – $1.2M |
| EBITDA range | $101K – $176K |
| Industry (NAICS) | Other Motor Vehicle Parts Manufacturing (336390) |
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 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
| First Bank PPP 2020 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $30K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hughes Racing Inc.
Hughes Racing Inc. is an other motor vehicle parts manufacturing company in Watts, Oklahoma, in business since 2019. Its estimated annual revenue is about $1.1M, with roughly $154K of EBITDA. It has about 2 employees. Its estimated business value is $401K (likely range $211K–$549K).
Common questions
- Who owns Hughes Racing Inc.?
- The owner of Hughes Racing 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 Hughes Racing Inc. make?
- SeeBITDA estimates Hughes Racing Inc.'s annual revenue at about $1.1M (likely between $720K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hughes Racing Inc. worth?
- About $401K, roughly 2.6× its estimated EBITDA of $154K, typical for a other motor vehicle parts manufacturing company its size. Likely range: $211K–$549K.
- How many employees does Hughes Racing Inc. have?
- About 2, as reported on its PPP loan.
- When was Hughes Racing Inc. founded?
- Hughes Racing Inc. has been in business since 2019.