Lipscomb Chevrolet GMC
How we got $3.0M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 47 years (since 1979)
- Founder still runs it after 47 years
From public records and the company's website, not a statement that it's for sale.
What they do
Lipscomb Chevrolet GMC is a locally owned and operated Chevrolet dealership in Elk City, Oklahoma, selling new and used vehicles and offering service, parts and financing to drivers in Elk City and surrounding communities.
From the company's website. Industry: Car dealers.
Customers & suppliers
Suppliers & brands
- Chevrolet · brand it sells or installs
- GMC · brand it sells or installs
- GM · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Lipscomb Chevrolet GMC this business | $22.7M | — |
| Gene Smith Chevrolet Buick GMC Elk City | $22.7M | 0.0 mi |
| Windy Nissan Elk City | $22.7M | 0.1 mi |
| McAlary ATV and Cycle Elk City | $22.7M | 0.4 mi |
| Big Elk Automotive & Exhaust Elk City | $22.7M | 0.4 mi |
| JERRY'S AUTO SALES LLC Elk City · 2 employees | $2.1M | 0.5 mi |
| BARBER-DYSON FORD LINCOLN MERCURY, INC. Elk City · 36 employees | $55.4M | 0.5 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 | $3.0M |
| Multiple for this size and industry | 3× |
| Value range | $367K – $6.8M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Automobile dealers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (4%). Treat these as a rough guide.
| Revenue range | $3.5M – $43.0M |
| EBITDA range | $153K – $1.9M |
| Industry (NAICS) | Automobile dealers (4411) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lipscomb Chevrolet GMC
Lipscomb Chevrolet GMC is a car dealers company in Elk City, Oklahoma, in business since 1979. It is owned by Richard Lipscomb (Founder). Its estimated annual revenue is about $22.7M, with roughly $997K of EBITDA. Its estimated business value is $3.0M (likely range $367K–$6.8M).
Common questions
- Who owns Lipscomb Chevrolet GMC?
- Lipscomb Chevrolet GMC is owned by Richard Lipscomb (Founder), according to public sources such as the company's website or filings.
- How much revenue does Lipscomb Chevrolet GMC make?
- SeeBITDA estimates Lipscomb Chevrolet GMC's annual revenue at about $22.7M (likely between $3.5M and $43.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lipscomb Chevrolet GMC worth?
- About $3.0M, roughly 3× its estimated EBITDA of $997K, typical for a car dealers company its size. Likely range: $367K–$6.8M.
- When was Lipscomb Chevrolet GMC founded?
- Lipscomb Chevrolet GMC has been in business since 1979.
- Is Lipscomb Chevrolet GMC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 47 years (since 1979); founder still runs it after 47 years.