Rent City of Altus, Inc
How we got $3.5M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 65 years (since 1961)
From public records and the company's website, not a statement that it's for sale.
What they do
Rent City of Altus is a locally owned and operated business offering equipment rental, new and used equipment sales, contractor supplies, equipment repair, and general contract work for contractors, homeowners, and industrial customers in Altus, Oklahoma and surrounding communities in Southwest Oklahoma and North Texas.
From the company's website. Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing.
Estimated value over time
▲ 13% 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 |
|---|---|---|
| RENT CITY OF ALTUS, INC this business | $2.5M | — |
| NORTHFORK RENTALS INC. Carter · 1 employees | $737K | 38.9 mi |
| MABE PUMP RENTAL, LLC Sayre · 1 employees | $342K | 49.5 mi |
| TROY JONES RENTALS, INC. Elk City · 4 employees | $2.6M | 51.9 mi |
| TLC RENTALS INC Canute · 12 employees | $4.3M | 52.3 mi |
| LUBRIFLANGE, LLC Elk City · 27 employees | $14.7M | 52.8 mi |
| HUGHES SPECIALTY TOOLS, INC. Foss · 13 employees | $5.6M | 59.0 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 37% |
| EBITDA = revenue × margin | $909K |
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 | $3.5M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.8M – $4.7M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $598K – $1.0M |
| Industry (NAICS) | Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412) |
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. 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
- BankingNBC 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
| NBC Oklahoma PPP 2020 | All 526 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $34K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rent City of Altus, Inc
Rent City of Altus, Inc is a family-owned construction, mining, and forestry machinery and equipment rental and leasing company in Altus, Oklahoma, in business since 1961. Its estimated annual revenue is about $2.5M, with roughly $909K of EBITDA. It has about 6 employees. Its estimated business value is $3.5M (likely range $1.8M–$4.7M).
Common questions
- Who owns Rent City of Altus, Inc?
- The owner of Rent City of Altus, Inc 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 Rent City of Altus, Inc make?
- SeeBITDA estimates Rent City of Altus, Inc's annual revenue at about $2.5M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rent City of Altus, Inc worth?
- About $3.5M, roughly 3.8× its estimated EBITDA of $909K, typical for a construction, mining, and forestry machinery and equipment rental and leasing company its size. Likely range: $1.8M–$4.7M.
- How many employees does Rent City of Altus, Inc have?
- About 6, as reported on its PPP loan.
- When was Rent City of Altus, Inc founded?
- Rent City of Altus, Inc has been in business since 1961.