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Sorren Benchmark Report

Boulder Automotive

Boulder, CO · NAICS 441110 New Car Dealers

Tax year 2026
Prepared by Maria Nakamura
Denver, CO office
Section 1

Executive Summary

Boulder Automotive generated $72,070,000 of revenue in 2026 with 91 employees, producing an EBITDA margin of -14.7% against a peer median of -5.5%. Compared with 41 similar businesses, performance is strongest in growth and warrants examination in leverage. Total benchmark variance across all categories is $17.19M.

Section 2

Company Snapshot

Revenue
$72.07M
Employees
91
Entity type
S Corporation
Years in business
8
Gross margin
2.9%
EBITDA margin
-14.7%
Net margin
-18.8%
Effective tax rate
0.0%
Section 3

Peer Group Definition

41 businessesNAICS 441110 — New Car DealersCORevenue $36.0M–$115.3M45–128 employeesTax year 2026

Comparison sample size 41; NAICS 441110; revenue range $36.00M$115.30M; geographic filter CO. Data availability for this client: 89% 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 Sold97.1%88.2%78.0%
Gross Profit2.9%11.8%22.0%
Payroll7.4%6.3%5.5%
Benefits1.1%0.9%0.8%
Occupancy1.3%1.1%1.0%
Marketing1.1%1.3%1.4%
Insurance0.6%0.7%0.6%
Professional Fees0.3%0.4%0.4%
Administrative & Other4.7%4.7%4.4%
EBITDA-14.7%-5.5%6.2%
Depreciation0.8%0.9%0.9%
Interest3.3%3.0%2.5%
Net Income-18.8%-9.4%1.5%
Section 5

Profitability and Operational Efficiency

Growth
88th
Profitability
28th
Labor Efficiency
30th
Operating Efficiency
19th
Liquidity
36th
Leverage
7th
Tax Efficiency
79th
Asset Efficiency
55th
Section 6

Balance Sheet

Current Ratio
3.27
median 3.66
Quick Ratio
1.29
median 1.44
Debt / EBITDA
33665908.00
median 16290242.00
Debt / Equity
2790.38
median 2.70
Days Sales Outstanding
10.56
median 12.50
Asset Turnover
1.84
median 1.57
Section 7

Tax Overview

Federal tax
$0
State tax
$0
Effective rate
0.0%
Section 179
$1,080,523
Owner compensation
$1,541,223
Owner distributions
$0
Retirement
$225,934
Capital expenditures
$3,001,949
Section 8

Industry Trends

YearRevenueGrowthGrossEBITDAPayroll %
2022$65.29M+2.9%-1.8%-19.0%8.0%
2023$62.60M-4.1%-1.9%-19.0%8.0%
2024$65.24M+4.2%-1.2%-18.4%8.1%
2025$67.82M+4.0%2.0%-15.5%8.4%
2026$72.07M+6.3%2.9%-14.7%8.4%
Section 9

Opportunities for Discussion

  • Gross Margin Variance. Gross margin of 2.9% compares with a peer median of 11.8%. Where are direct costs and pricing diverging from comparable businesses?Benchmark variance $6.41M
  • Working Capital Position. Current ratio of 3.27 compares with an industry median of 3.66. How much liquidity headroom does the business need through its cycle?Benchmark variance $2.10M
  • Operating Expense Load. Operating expenses run 17.6% of revenue versus a peer median of 16.2%. Which expense categories account for the difference?Benchmark variance $966K
  • Payroll Efficiency. Total labor cost represents 8.4% of revenue against a peer median of 7.1%. Is the staffing model carrying capacity for growth, or absorbing margin?Benchmark variance $958K
  • Leverage Profile. Debt to EBITDA of 33665908.00x compares with a peer median of 16290242.00x. Does the capital structure match the asset base and cash cycle?
  • Revenue per Employee. Revenue per employee of $792K compares with a peer median of $866K. Is productivity constrained by capacity, mix, or pricing?Benchmark variance $6.76M
  • Owner Compensation Structure. Owner compensation represents 2.1% of revenue compared with a 1.8% median for comparable entities. Should compensation strategy be reviewed with the tax team?
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.