Mitchell Tank Truck Service, Inc.
How we got $1.6M
Based on its 4 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| MITCHELL TANK TRUCK SERVICE, INC. this business | $1.8M | — |
| TEXOMA PUMPING UNIT Healdton · 24 employees | $11.6M | 0.5 mi |
| SUTHERLAND WELL SERVICE, INC. Healdton · 19 employees | $9.0M | 0.7 mi |
| DAVIS, LLC Healdton · 2 employees | $822K | 0.7 mi |
| LAMBERT COMPANY, LLC Healdton · 2 employees | $1.1M | 0.8 mi |
| J. D. LEWIS CONSTRUCTION CO. Healdton · 58 employees | $22.4M | 1.8 mi |
| DOUGHTY TANK TRUCK, LLC Healdton · 1 employees | $557K | 2.8 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $542K |
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 | $1.6M |
| Multiple for this size and industry | 3× |
| Value range | $856K – $2.2M |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $357K – $618K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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 and Trust CoPPP / 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 and Trust Co PPP 2020, PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $33K | 4 |
| 4/8/2021 | second | $39K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mitchell Tank Truck Service, Inc.
Mitchell Tank Truck Service, Inc. is an oil & gas company in Healdton, Oklahoma, in business since 1998. Its estimated annual revenue is about $1.8M, with roughly $542K of EBITDA. It has about 4 employees. Its estimated business value is $1.6M (likely range $856K–$2.2M).
Common questions
- Who owns Mitchell Tank Truck Service, Inc.?
- The owner of Mitchell Tank Truck Service, 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 Mitchell Tank Truck Service, Inc. make?
- SeeBITDA estimates Mitchell Tank Truck Service, Inc.'s annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mitchell Tank Truck Service, Inc. worth?
- About $1.6M, roughly 3× its estimated EBITDA of $542K, typical for a oil & gas company its size. Likely range: $856K–$2.2M.
- How many employees does Mitchell Tank Truck Service, Inc. have?
- About 4, as reported on its PPP loan.
- When was Mitchell Tank Truck Service, Inc. founded?
- Mitchell Tank Truck Service, Inc. has been in business since 1998.