Wheels Express, Inc.
How we got $2.1M
Based on its 40 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Wheels Express, Inc sells OEM replacement wheels for automotive and trailer use, with a stated 40,000+ reviews and 200,000+ sales, from Rush Springs, OK.
From the company's website. Industry: Automotive Parts, Accessories, and Tire Retailers.
Customers & suppliers
Suppliers & brands
- GM · brand it sells or installs
- Toyota · brand it sells or installs
Estimated value over time
▲ 29% 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.
Employees over time
▲ 15% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 40 | $8.7M |
| 2020 | Form 5500 | 40 | $8.7M |
| 2021 | Form 5500 | 40 | $8.7M |
| 2022 | Form 5500 | 50 | $10.9M |
| 2023 | Form 5500 | 50 | $10.9M |
| 2024 | Form 5500 | 46 | $10.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WHEELS EXPRESS, INC. this business | $16.9M | — |
| THE TERRAPIN CORPORATION Rush Springs · 15 employees | $5.1M | 0.0 mi |
| NAPA Auto Parts Rush Springs | $2.3M | 11.1 mi |
| Wake Essentials Marlow | $2.3M | 11.4 mi |
| AUTO SUPPLY WAREHOUSE, INC. Duncan · 4 employees | $1.5M | 14.7 mi |
| Carquest Auto Parts - Earnhart Automotive and Truck Duncan | $2.3M | 16.6 mi |
| Redneck Trailer Supplies Chickasha | $2.3M | 16.8 mi |
The full calculation
| Employees reported to the SBA | 40 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.3M |
| Estimate: the two combined (geometric mean) | $16.9M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $693K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $11.1M – $19.3M |
| EBITDA range | $456K – $790K |
| Industry (NAICS) | Automotive Parts, Accessories, and Tire Retailers (441320) |
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
- BankingThe First National Bank and Trust Co, Chickasha, 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
| The First National Bank and Trust Co, Chickasha, Oklahoma PPP 2020, PPP 2021 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $386K | 40 |
| 3/13/2021 | second | $357K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Wheels Express, Inc.
Wheels Express, Inc. is a family-owned automotive parts, accessories, and tire retailers company in Rush Springs, Oklahoma. Its estimated annual revenue is about $16.9M, with roughly $693K of EBITDA. It has about 46 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.8M).
Common questions
- Who owns Wheels Express, Inc.?
- The owner of Wheels Express, 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 Wheels Express, Inc. make?
- SeeBITDA estimates Wheels Express, Inc.'s annual revenue at about $16.9M (likely between $11.1M and $19.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wheels Express, Inc. worth?
- About $2.1M, roughly 3× its estimated EBITDA of $693K, typical for a automotive parts, accessories, and tire retailers company its size. Likely range: $1.1M–$2.8M.
- How many employees does Wheels Express, Inc. have?
- About 46, from its 2024 retirement-plan filing.