Midwestern Salvage, Inc
How we got $2.3M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 21% 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 |
|---|---|---|
| MIDWESTERN SALVAGE, INC this business | $8.8M | — |
| CARRERA AUTO LLC Tulsa · 1 employees | $4.7M | 3.0 mi |
| SPRENGER MOTORS LLC Tulsa · 1 employees | $4.8M | 3.4 mi |
| CIMARRON AUTO SALES LLC Tulsa · 1 employees | $4.8M | 3.7 mi |
| CARDINAL CONSOLIDATED INC Tulsa · 2 employees | $971K | 5.1 mi |
| IAUTO ENTERPRISES LTD. Tulsa · 1 employees | $3.9M | 5.6 mi |
| JD MOTORS CORP Tulsa · 1 employees | $3.3M | 5.7 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.6M |
| Estimate: the two combined (geometric mean) | $8.8M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $645K |
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 | $2.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.2M – $3.2M |
| Revenue range | $5.8M – $10.0M |
| EBITDA range | $425K – $736K |
| Industry (NAICS) | Motor Vehicle Parts (Used) Merchant Wholesalers (423140) |
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
- BankingSecurity 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 Roles are as stated there and may be out of date.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
| Security Bank PPP 2020 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $121K | 20 |
About Midwestern Salvage, Inc
Midwestern Salvage, Inc is a motor vehicle parts (used) merchant wholesalers company in Tulsa, Oklahoma. Its estimated annual revenue is about $8.8M, with roughly $645K of EBITDA. It has about 20 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.2M).
Common questions
- Who owns Midwestern Salvage, Inc?
- The owner of Midwestern Salvage, 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 Midwestern Salvage, Inc make?
- SeeBITDA estimates Midwestern Salvage, Inc's annual revenue at about $8.8M (likely between $5.8M and $10.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwestern Salvage, Inc worth?
- About $2.3M, roughly 3.6× its estimated EBITDA of $645K, typical for a motor vehicle parts (used) merchant wholesalers company its size. Likely range: $1.2M–$3.2M.
- How many employees does Midwestern Salvage, Inc have?
- About 20, as reported on its PPP loan.