Kar Equipment, LLC
How we got $16.7M
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 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| KAR EQUIPMENT, LLC this business | $10.3M | — |
| OPUPCO, LLC Duncan · 2 employees | $1.4M | 6.4 mi |
| G & R ENTERPRISES LLC Lawton · 6 employees | $2.8M | 26.4 mi |
| A-OK OFFICE SYSTEMS INC Lawton · 5 employees | $1.5M | 26.7 mi |
| NATIVE INVESTMENTS LTD. CO. Elmore City · 1 employees | $364K | 32.2 mi |
| DUTTON'S RENT ALL INC Lindsay · 6 employees | $3.8M | 32.4 mi |
| C AND C PORTABLE EQUIPMENT RENTALS Lindsay · 9 employees | $5.2M | 32.5 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $3.0M |
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 | $16.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $8.8M – $22.9M |
| Revenue range | $6.8M – $11.7M |
| EBITDA range | $2.0M – $3.5M |
| Industry (NAICS) | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingLegacy 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
| Legacy Bank 7(a) 2020, PPP 2020, PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $243K | 15 |
| 2/4/2021 | second | $243K | 21 |
Public records
| Sep 2020 | 7(a) | $245K |
| Jul 2020 | 7(a) | $100K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kar Equipment, LLC
Kar Equipment, LLC is a construction, mining, and forestry machinery and equipment rental and leasing company in Duncan, Oklahoma, in business since 2009. Its estimated annual revenue is about $10.3M, with roughly $3.0M of EBITDA. It has about 21 employees. Its estimated business value is $16.7M (likely range $8.8M–$22.9M).
Common questions
- Who owns Kar Equipment, LLC?
- The owner of Kar Equipment, LLC 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 Kar Equipment, LLC make?
- SeeBITDA estimates Kar Equipment, LLC'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 Kar Equipment, LLC worth?
- About $16.7M, roughly 5.5× its estimated EBITDA of $3.0M, typical for a construction, mining, and forestry machinery and equipment rental and leasing company its size. Likely range: $8.8M–$22.9M.
- How many employees does Kar Equipment, LLC have?
- About 21, as reported on its PPP loan.
- When was Kar Equipment, LLC founded?
- Kar Equipment, LLC has been in business since 2009.