Mike's Engine Service
How we got $223K
Based on its 2 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 50% since 2021Today'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 |
|---|---|---|
| MIKE'S ENGINE SERVICE this business | $702K | — |
| Down South Auto Body Lindsay | $1.4M | 0.1 mi |
| CROSS ROADS Classic & Customs Lindsay | $1.4M | 0.1 mi |
| NIECE BODY SHOP LLC Lindsay · 1 employees | $245K | 0.6 mi |
| CHANDLER'S AUTO AND EQUIPMENT Lindsay · 3 employees | $1.3M | 0.6 mi |
| CHANDLER'S AUTO & REPAIR INC. Lindsay · 3 employees | $1.2M | 0.6 mi |
| LINDSAY TIRE & LUBE, LLC Lindsay · 5 employees | $1.1M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $505K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $751K |
| Estimate: the two combined (geometric mean) | $702K |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $97K |
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 | $223K |
| Multiple for this size and industry | 2.3× |
| Value range | $117K – $305K |
| Revenue range | $462K – $801K |
| EBITDA range | $64K – $110K |
| Industry (NAICS) | General Automotive Repair (811111) |
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 Exchange Bank, Lindsay, OklahomaPPP / 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 Roles are as stated there and may be out of date.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 Exchange Bank, Lindsay, Oklahoma PPP 2021 | All 68 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/6/2021 | second | $20K | 2 |
About Mike's Engine Service
Mike's Engine Service is an auto repair company in Lindsay, Oklahoma. Its estimated annual revenue is about $702K, with roughly $97K of EBITDA. It has about 2 employees. Its estimated business value is $223K (likely range $117K–$305K).
Common questions
- Who owns Mike's Engine Service?
- The owner of Mike's Engine Service 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 Mike's Engine Service make?
- SeeBITDA estimates Mike's Engine Service's annual revenue at about $702K (likely between $462K and $801K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mike's Engine Service worth?
- About $223K, roughly 2.3× its estimated EBITDA of $97K, typical for a auto repair company its size. Likely range: $117K–$305K.
- How many employees does Mike's Engine Service have?
- About 2, as reported on its PPP loan.