Tri-State Speedway
How we got $863K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
What they do
Tri-State Speedway is a dirt track in Pocola, OK that has held races since May 1971. It races stock cars and modifieds weekly, with special shows for late models and sprint cars.
From the company's website. Industry: Racetracks.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Tri-State Speedway this business | $1.6M | — |
| ThunderValley RC Speedway 306 Reaves Ave, Pocola OK, 74902 Pocola | $793K | 3.2 mi |
| Premier Fitness Spiro | $793K | 8.7 mi |
| Bow tie hunting ranch Le Flore County | $793K | 9.1 mi |
| House of Gains Roland | $793K | 9.1 mi |
| Grizz’s Power House Gym Roland | $793K | 9.5 mi |
| K A Livestock Arena Bokoshe | $793K | 9.7 mi |
The full calculation
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 | $863K |
| Multiple for this size and industry | 2.7× |
| Value range | $215K – $1.6M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Racetracks businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (20%). Treat these as a rough guide.
| Revenue range | $495K – $2.4M |
| EBITDA range | $100K – $487K |
| Industry (NAICS) | Racetracks (711212) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri-State Speedway
Tri-State Speedway is a racetracks company in Pocola, Oklahoma, in business since 2003. It is owned by Michael and Jerri Hoover. Its estimated annual revenue is about $1.6M, with roughly $320K of EBITDA. Its estimated business value is $863K (likely range $215K–$1.6M).
Common questions
- Who owns Tri-State Speedway?
- Tri-State Speedway is owned by Michael and Jerri Hoover, according to public sources such as the company's website or filings.
- How much revenue does Tri-State Speedway make?
- SeeBITDA estimates Tri-State Speedway's annual revenue at about $1.6M (likely between $495K and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-State Speedway worth?
- About $863K, roughly 2.7× its estimated EBITDA of $320K, typical for a racetracks company its size. Likely range: $215K–$1.6M.
- When was Tri-State Speedway founded?
- Tri-State Speedway has been in business since 2003.