Westby Racing, LLC
How we got $718K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Westby Racing, LLC in Tulsa, OK is associated with Dane "The Wolverine" Westby, a racing driver; the page is a tribute and media site about his career, including a race win at Barber Motorsports Park in 2014.
From the company's website. Industry: Other Spectator Sports.
Estimated value over time
▲ 6% 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 |
|---|---|---|
| WESTBY RACING, LLC this business | $1.0M | — |
| DEREK T, LLC Tulsa · 1 employees | $545K | 2.7 mi |
| TULSA BASEBALL, INC. Tulsa | $8.0M | 3.7 mi |
| FC TULSA, LLC Tulsa · 45 employees | $17.0M | 4.0 mi |
| TULSA BASEBALL HOLDINGS Tulsa · 109 employees | $133.0M | 4.0 mi |
| K & N POWERSPORTS LLC Tulsa · 7 employees | $2.0M | 4.7 mi |
| FLITE GOLF LLC Jenks · 7 employees | $3.6M | 5.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $698K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $266K |
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 | $718K |
| Multiple for this size and industry | 2.7× |
| Value range | $378K – $982K |
| Revenue range | $686K – $1.2M |
| EBITDA range | $175K – $303K |
| Industry (NAICS) | Other Spectator Sports (711219) |
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
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $17K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Westby Racing, LLC
Westby Racing, LLC is an other spectator sports company in Tulsa, Oklahoma, in business since 2014. Its estimated annual revenue is about $1.0M, with roughly $266K of EBITDA. It has about 2 employees. Its estimated business value is $718K (likely range $378K–$982K).
Common questions
- Who owns Westby Racing, LLC?
- The owner of Westby Racing, 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 Westby Racing, LLC make?
- SeeBITDA estimates Westby Racing, LLC's annual revenue at about $1.0M (likely between $686K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Westby Racing, LLC worth?
- About $718K, roughly 2.7× its estimated EBITDA of $266K, typical for a other spectator sports company its size. Likely range: $378K–$982K.
- How many employees does Westby Racing, LLC have?
- About 2, as reported on its PPP loan.
- When was Westby Racing, LLC founded?
- Westby Racing, LLC has been in business since 2014.