Wilmes Chevrolet Buick Gmc Inc.
How we got $12.4M
Based on its 55 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
- Family in the business (Bruce Wilmes, Sales Consultant)
From public records and the company's website, not a statement that it's for sale.
What they do
Wilmes Chevrolet Buick GMC Inc. is a Chevrolet dealership in Altus, Oklahoma offering new and used vehicles, financing, and auto repair service and parts. It says it serves local customers in Altus, Lawton, Wichita Falls, and Burkburnett.
From the company's website. Industry: Car dealers.
Customers & suppliers
Suppliers & brands
- Chevrolet · brand it sells or installs
- GMC · brand it sells or installs
- GM · brand it sells or installs
Estimated value over time
▲ 19% 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
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $53.6M |
| 2020 | Form 5500 | 39 | $38.0M |
| 2021 | Form 5500 | 29 | $28.3M |
| 2022 | Form 5500 | 31 | $30.2M |
| 2023 | Form 5500 | 35 | $34.1M |
| 2024 | Form 5500 | 37 | $36.1M |
| 2025 | Form 5500 | 34 | $33.2M |
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 |
|---|---|---|
| WILMES CHEVROLET BUICK GMC INC. this business | $78.6M | — |
| Rowland Motor Company Altus | $22.7M | 0.1 mi |
| Altus Factory Altus | $22.7M | 0.1 mi |
| Wilme's Pre Owned Autos Altus | $22.7M | 0.2 mi |
| JOHNNY ROBERTS MOTORS, INC. Altus · 20 employees | $29.1M | 0.3 mi |
| ALTUS TYT LLC Altus · 30 employees | $39.8M | 0.4 mi |
| WILMES FORD LINCOLN INC Altus · 42 employees | $62.5M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $70.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $67.7M |
| Estimate: the two combined (geometric mean) | $78.6M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.8M |
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 | $12.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.5M – $16.9M |
| Revenue range | $51.7M – $89.6M |
| EBITDA range | $1.9M – $3.2M |
| Industry (NAICS) | New Car Dealers (441110) |
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
Leadership
- BWBruce WilmesSales Consultant · Company website · source
- SWScott WilmesSales Consultant · Company website · source
- ABAlicia BrownSales Consultant · Company website · source
- VSVern ShiveSales Consultant · Company website · source
- MAMike AbwayF & I Director · Company website · source
- CECaylee ElkinsFinance Director · Company website · source
- SDScott DelzerParts Manager · Company website · source
- BCBrian CoeService Advisor · Company website · source
- SGStephen GribbleService Manager · Company website · source
- CSChris SymonsService Advisor · Company website · source
- MSMelissa SalmonAssistant Service Manager / Warranty · Company website · source
Advisors
- BankingFrazer BankPPP / 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
| Frazer Bank PPP 2020 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $597K | 55 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Wilmes Chevrolet Buick Gmc Inc.
Wilmes Chevrolet Buick Gmc Inc. is a car dealers company in Altus, Oklahoma, in business since 2002. It is owned by Kirk Wilmes (Owner Operator). Its estimated annual revenue is about $78.6M, with roughly $2.8M of EBITDA. It has about 34 employees. Its estimated business value is $12.4M (likely range $6.5M–$16.9M).
Common questions
- Who owns Wilmes Chevrolet Buick Gmc Inc.?
- Wilmes Chevrolet Buick Gmc Inc. is owned by Kirk Wilmes (Owner Operator), according to public sources such as the company's website or filings.
- How much revenue does Wilmes Chevrolet Buick Gmc Inc. make?
- SeeBITDA estimates Wilmes Chevrolet Buick Gmc Inc.'s annual revenue at about $78.6M (likely between $51.7M and $89.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wilmes Chevrolet Buick Gmc Inc. worth?
- About $12.4M, roughly 4.4× its estimated EBITDA of $2.8M, typical for a car dealers company its size. Likely range: $6.5M–$16.9M.
- How many employees does Wilmes Chevrolet Buick Gmc Inc. have?
- About 34, from its 2025 retirement-plan filing.
- When was Wilmes Chevrolet Buick Gmc Inc. founded?
- Wilmes Chevrolet Buick Gmc Inc. has been in business since 2002.