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Sorren Benchmark Report

Silver Fork Motor Company

Seattle, WA · NAICS 441110 New Car Dealers

Tax year 2026
Prepared by Andrew Feldman
Seattle, WA office
Section 1

Executive Summary

Silver Fork Motor Company generated $60,393,000 of revenue in 2026 with 88 employees, producing an EBITDA margin of -9.9% against a peer median of -5.4%. Compared with 79 similar businesses, performance is strongest in tax efficiency and warrants examination in profitability. Total benchmark variance across all categories is $10.69M.

Section 2

Company Snapshot

Revenue
$60.39M
Employees
88
Entity type
Partnership
Years in business
9
Gross margin
5.5%
EBITDA margin
-9.9%
Net margin
-13.5%
Effective tax rate
0.0%
Section 3

Peer Group Definition

79 businessesNAICS 441110 — New Car DealersWARevenue $30.2M–$96.6M44–124 employeesTax year 2026

Comparison sample size 79; NAICS 441110; revenue range $30.20M$96.60M; geographic filter WA. Data availability for this client: 84% coverage across tax return, financial statements, payroll and employee records.

Section 4

Financial Performance

Line item (% revenue)CompanyPeer medianTop 25%
Revenue100.0%100.0%100.0%
Cost of Goods Sold94.5%89.6%78.7%
Gross Profit5.5%10.4%21.3%
Payroll6.1%6.2%5.5%
Benefits0.9%0.9%0.8%
Occupancy1.3%1.1%1.0%
Marketing1.1%1.2%1.4%
Insurance0.6%0.7%0.6%
Professional Fees0.3%0.4%0.4%
Administrative & Other4.1%4.8%4.4%
EBITDA-9.9%-5.4%4.4%
Depreciation1.0%0.9%0.8%
Interest2.5%2.9%2.5%
Net Income-13.5%-9.3%0.3%
Section 5

Profitability and Operational Efficiency

Growth
43rd
Profitability
34th
Labor Efficiency
46th
Operating Efficiency
40th
Liquidity
55th
Leverage
53rd
Tax Efficiency
63rd
Asset Efficiency
63rd
Section 6

Balance Sheet

Current Ratio
3.80
median 3.71
Quick Ratio
1.67
median 1.55
Debt / EBITDA
21333855.00
median 14946558.00
Debt / Equity
1.54
median 2.69
Days Sales Outstanding
11.08
median 12.30
Asset Turnover
1.54
median 1.58
Section 7

Tax Overview

Federal tax
$0
State tax
$0
Effective rate
0.0%
Section 179
$1,188,235
Owner compensation
$1,075,362
Owner distributions
$0
Retirement
$150,889
Capital expenditures
$3,352,277
Section 8

Industry Trends

YearRevenueGrowthGrossEBITDAPayroll %
2022$51.09M+6.8%1.1%-14.0%6.7%
2023$53.47M+4.7%0.9%-14.2%6.6%
2024$54.57M+2.1%1.7%-13.5%6.7%
2025$58.61M+7.4%4.9%-10.5%6.9%
2026$60.39M+3.0%5.5%-9.9%7.0%
Section 9

Opportunities for Discussion

  • Revenue per Employee. Revenue per employee of $686K compares with a peer median of $774K. Is productivity constrained by capacity, mix, or pricing?Benchmark variance $7.74M
  • Gross Margin Variance. Gross margin of 5.5% compares with a peer median of 10.4%. Where are direct costs and pricing diverging from comparable businesses?Benchmark variance $2.94M
  • Leverage Profile. Debt to EBITDA of 21333855.00x compares with a peer median of 14946558.00x. Does the capital structure match the asset base and cash cycle?
  • Owner Compensation Structure. Owner compensation represents 1.8% of revenue compared with a 1.8% median for comparable entities. Should compensation strategy be reviewed with the tax team?Benchmark variance $8K
  • Payroll Efficiency. Total labor cost represents 7.0% of revenue against a peer median of 7.0%. Is the staffing model carrying capacity for growth, or absorbing margin?
  • Working Capital Position. Current ratio of 3.80 compares with an industry median of 3.71. How much liquidity headroom does the business need through its cycle?
  • Operating Expense Load. Operating expenses run 15.5% of revenue versus a peer median of 16.4%. Which expense categories account for the difference?
Section 10

Advisor Notes

Section 11

Methodology

Sorren Benchmark aggregates anonymized financial, tax, payroll and operational data across 60,000 businesses. Peer statistics report count, mean, median, 10th, 25th, 75th and 90th percentiles and standard deviation. Comparisons use normalized ratios rather than raw dollars. Statistics are released only where a cohort contains at least 10 businesses, and individual peer companies are never displayed. Benchmark variance expresses the mathematical difference between this company and its peer median; it is not a projection of savings, nor tax or investment advice.