Racer Electric, LLC
How we got $193K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 22% 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 |
|---|---|---|
| RACER ELECTRIC, LLC this business | $641K | — |
| CRAIG'S EXPRESS ELECTRIC Newcastle · 2 employees | $569K | 1.5 mi |
| HMS PLUMBING HEATING & AIR CONDITIONING INC Newcastle · 32 employees | $6.8M | 1.7 mi |
| GEORGES HEAT AND AIR LLC Newcastle · 1 employees | $485K | 1.8 mi |
| HILL HEATING, AIR CONDITIONING AND PLUMBING, LLC Blanchard · 2 employees | $612K | 2.0 mi |
| AM Mechanical LLC Tuttle | $1.8M | 2.0 mi |
| Fisbeck Electric Newcastle | $1.8M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $494K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $640K |
| Estimate: the two combined (geometric mean) | $641K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $96K |
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 | $193K |
| Multiple for this size and industry | 2× |
| Value range | $101K – $264K |
| Revenue range | $422K – $731K |
| EBITDA range | $63K – $110K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
- BankingBank 7PPP / 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 Roles are as stated there and may be out of date.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
| Bank 7 PPP 2020 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $21K | 2 |
About Racer Electric, LLC
Racer Electric, LLC is an electricians company in Newcastle, Oklahoma. Its estimated annual revenue is about $641K, with roughly $96K of EBITDA. It has about 2 employees. Its estimated business value is $193K (likely range $101K–$264K).
Common questions
- Who owns Racer Electric, LLC?
- The owner of Racer Electric, LLC 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 Racer Electric, LLC make?
- SeeBITDA estimates Racer Electric, LLC's annual revenue at about $641K (likely between $422K and $731K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Racer Electric, LLC worth?
- About $193K, roughly 2× its estimated EBITDA of $96K, typical for a electricians company its size. Likely range: $101K–$264K.
- How many employees does Racer Electric, LLC have?
- About 2, as reported on its PPP loan.