Nix Auto Center
How we got $10.2M
Based on its 39 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 19% 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.
Employees over time
▼ 49% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 39 | $38.0M |
| 2020 | Form 5500 | 23 | $22.4M |
| 2021 | Form 5500 | 20 | $19.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NIX AUTO CENTER this business | $56.6M | — |
| Steve Carr Sales Mcalester | $22.7M | 0.0 mi |
| Toliver Chevrolet Mcalester | $22.7M | 0.0 mi |
| FREEDOM FORD INC. Mcalester · 39 employees | $57.5M | 0.2 mi |
| Ford Motor Company Mcalester | $22.7M | 0.2 mi |
| Car-Mart of McAlester Mcalester | $22.7M | 0.5 mi |
| Patriot Chrysler Dodge Jeep RAM Mcalester | $22.7M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 39 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $49.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $49.6M |
| Estimate: the two combined (geometric mean) | $56.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.3M |
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 | $10.2M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.4M – $13.9M |
| Revenue range | $37.2M – $64.6M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | New Car Dealers (441110) |
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
People & advisors
Advisors
- BankingFirst National Bank & Trust Company of McAlesterPPP / 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 National Bank & Trust Company of McAlester PPP 2020 | All 248 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $438K | 39 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Nix Auto Center
Nix Auto Center is a car dealers company in Mcalester, Oklahoma. It is owned by Johnnie Lee Nix (Founder). Its estimated annual revenue is about $56.6M, with roughly $2.3M of EBITDA. It has about 20 employees. Its estimated business value is $10.2M (likely range $5.4M–$13.9M).
Common questions
- Who owns Nix Auto Center?
- Nix Auto Center is owned by Johnnie Lee Nix (Founder), according to public sources such as the company's website or filings.
- How much revenue does Nix Auto Center make?
- SeeBITDA estimates Nix Auto Center's annual revenue at about $56.6M (likely between $37.2M and $64.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nix Auto Center worth?
- About $10.2M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a car dealers company its size. Likely range: $5.4M–$13.9M.
- How many employees does Nix Auto Center have?
- About 20, from its 2021 retirement-plan filing.