T.j. Locke, LLC
How we got $224K
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
▲ 50% 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 |
|---|---|---|
| T.J. LOCKE, LLC this business | $420K | — |
| Broadway Car Wash Grove | $1.4M | 0.1 mi |
| I54 Auto Services Grove | $1.4M | 0.5 mi |
| Island Mobile Detail Llc Grove | $1.4M | 1.0 mi |
| Extreme Autobody And Paint Grove | $1.4M | 1.2 mi |
| Showtime Grove | $1.4M | 1.2 mi |
| NOVUS Glass of Grove Grove | $1.4M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $332K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $409K |
| Estimate: the two combined (geometric mean) | $420K |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $68K |
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 | $224K |
| Multiple for this size and industry | 3.3× |
| Value range | $118K – $306K |
| Revenue range | $276K – $479K |
| EBITDA range | $45K – $77K |
| Industry (NAICS) | Car Washes (811192) |
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 Bank of UticaPPP / 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 Roles are as stated there and may be out of date.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 Bank of Utica PPP 2020 | View → |
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 | $12K | 2 |
About T.j. Locke, LLC
T.j. Locke, LLC is a car wash company in Grove, Oklahoma. Its estimated annual revenue is about $420K, with roughly $68K of EBITDA. It has about 2 employees. Its estimated business value is $224K (likely range $118K–$306K).
Common questions
- Who owns T.j. Locke, LLC?
- The owner of T.j. Locke, 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 T.j. Locke, LLC make?
- SeeBITDA estimates T.j. Locke, LLC's annual revenue at about $420K (likely between $276K and $479K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is T.j. Locke, LLC worth?
- About $224K, roughly 3.3× its estimated EBITDA of $68K, typical for a car wash company its size. Likely range: $118K–$306K.
- How many employees does T.j. Locke, LLC have?
- About 2, as reported on its PPP loan.