Altus Laundry & Cleaners, Inc.
How we got $499K
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 5% 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 |
|---|---|---|
| ALTUS LAUNDRY & CLEANERS, INC. this business | $1.2M | — |
| Washed Laundromat Altus | $668K | 0.3 mi |
| Suds-Ur-Duds Altus | $668K | 1.0 mi |
| Tiger Laundry Mat Mangum | $668K | 18.7 mi |
| Frederick One Hour Cleaners Frederick | $668K | 25.4 mi |
| 9th Street Laundry Hobart | $668K | 28.5 mi |
| Clean Scene Laundry Sayre | $668K | 48.5 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.0M |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $238K |
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 | $499K |
| Multiple for this size and industry | 2.1× |
| Value range | $263K – $683K |
| Revenue range | $796K – $1.4M |
| EBITDA range | $156K – $271K |
| Industry (NAICS) | Drycleaning and Laundry Services (except Coin-Operated) (812320) |
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
- BankingNBC OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| NBC Oklahoma PPP 2020, PPP 2021 | All 526 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 | $50K | 15 |
| 1/19/2021 | second | $50K | 15 |
About Altus Laundry & Cleaners, Inc.
Altus Laundry & Cleaners, Inc. is a dry cleaners & laundry company in Altus, Oklahoma. Its estimated annual revenue is about $1.2M, with roughly $238K of EBITDA. It has about 15 employees. Its estimated business value is $499K (likely range $263K–$683K).
Common questions
- Who owns Altus Laundry & Cleaners, Inc.?
- The owner of Altus Laundry & Cleaners, 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 Altus Laundry & Cleaners, Inc. make?
- SeeBITDA estimates Altus Laundry & Cleaners, Inc.'s annual revenue at about $1.2M (likely between $796K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Altus Laundry & Cleaners, Inc. worth?
- About $499K, roughly 2.1× its estimated EBITDA of $238K, typical for a dry cleaners & laundry company its size. Likely range: $263K–$683K.
- How many employees does Altus Laundry & Cleaners, Inc. have?
- About 15, as reported on its PPP loan.