Velma Engine Sales & Service Corp
How we got $942K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▼ 13% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| VELMA ENGINE SALES & SERVICE CORP this business | $1.9M | — |
| RIFLE TOOL COMPANY Ratliff City · 19 employees | $13.2M | 8.3 mi |
| D & S OIL TOOLS INC Ratliff City · 10 employees | $6.7M | 9.1 mi |
| THOMAS OIL TOOLS, LLC Duncan · 7 employees | $6.6M | 11.7 mi |
| JT CONSULTING INC Duncan · 1 employees | $1.1M | 12.0 mi |
| 3L INDUSTRIES, LLC Elmore City · 23 employees | $17.3M | 15.9 mi |
| KEYSTONE TRACTOR LLC Duncan · 13 employees | $7.8M | 17.0 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $558K |
| Revenue = employees × revenue per employee | $1.9M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $294K |
| Cross-check: revenue implied by PPP payroll | $391K |
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 | $942K |
| Multiple for this size and industry | 3.2× |
| Value range | $446K – $1.3M |
| Revenue range | $1.1M – $2.3M |
| EBITDA range | $174K – $348K |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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 Roles are as stated there and may be out of date.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 National Bank and Trust Company of Ardmore PPP 2020 | All 457 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 | $8K | 2 |
About Velma Engine Sales & Service Corp
Velma Engine Sales & Service Corp is an oil and gas field machinery and equipment manufacturing company in Velma, Oklahoma. Its estimated annual revenue is about $1.9M, with roughly $294K of EBITDA. It has about 2 employees. Its estimated business value is $942K (likely range $446K–$1.3M).
Common questions
- Who owns Velma Engine Sales & Service Corp?
- The owner of Velma Engine Sales & Service Corp 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 Velma Engine Sales & Service Corp make?
- SeeBITDA estimates Velma Engine Sales & Service Corp's annual revenue at about $1.9M (likely between $1.1M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Velma Engine Sales & Service Corp worth?
- About $942K, roughly 3.2× its estimated EBITDA of $294K, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $446K–$1.3M.
- How many employees does Velma Engine Sales & Service Corp have?
- About 2, as reported on its PPP loan.