102 Iron Works, Inc.
How we got $1.6M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| 102 IRON WORKS, INC. this business | $3.9M | — |
| BELSHE INDUSTRIES, INC. Tecumseh · 22 employees | $8.9M | 6.4 mi |
| METRO EMERGENCY UPLIFTERS, LLC Oklahoma City · 13 employees | $5.3M | 18.6 mi |
| T&E MOBILE SERVICE INC Oklahoma City · 12 employees | $3.3M | 24.2 mi |
| PRECISION TRAILER, INC. Purcell · 5 employees | $1.5M | 28.3 mi |
| Barrett Trailers Purcell | $22.5M | 28.5 mi |
| J & J TRAILER MFG, INC. Oklahoma City · 2 employees | $1.5M | 31.5 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $499K |
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 | 3.2× |
| Value range | $840K – $2.2M |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $328K – $569K |
| Industry (NAICS) | Truck Trailer Manufacturing (336212) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 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 | $63K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About 102 Iron Works, Inc.
102 Iron Works, Inc. is a truck trailer manufacturing company in Shawnee, Oklahoma, in business since 2008. Its estimated annual revenue is about $3.9M, with roughly $499K of EBITDA. It has about 13 employees. Its estimated business value is $1.6M (likely range $840K–$2.2M).
Common questions
- Who owns 102 Iron Works, Inc.?
- The owner of 102 Iron Works, 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 102 Iron Works, Inc. make?
- SeeBITDA estimates 102 Iron Works, Inc.'s annual revenue at about $3.9M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is 102 Iron Works, Inc. worth?
- About $1.6M, roughly 3.2× its estimated EBITDA of $499K, typical for a truck trailer manufacturing company its size. Likely range: $840K–$2.2M.
- How many employees does 102 Iron Works, Inc. have?
- About 13, as reported on its PPP loan.
- When was 102 Iron Works, Inc. founded?
- 102 Iron Works, Inc. has been in business since 2008.