Altus Ready-Mix, Inc.
How we got $3.2M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 47% 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 READY-MIX, INC. this business | $5.9M | — |
| Southwest Printing Altus | $951K | 0.6 mi |
| ALTUS PRINTING CO. Altus · 4 employees | $629K | 0.7 mi |
| Custom Graphics Altus | $951K | 0.9 mi |
| VFW Post 4876 Altus, Oklahoma Public Site Altus | $951K | 1.9 mi |
| Stitchin' Shop Blair | $951K | 10.3 mi |
| Angel’s Attic Snyder | $951K | 21.6 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.4M |
| Estimate: the two combined (geometric mean) | $5.9M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $850K |
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 | $3.2M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.7M – $4.4M |
| Revenue range | $3.9M – $6.8M |
| EBITDA range | $559K – $969K |
| Industry (NAICS) | Ready-Mix Concrete Manufacturing (327320) |
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
- BankingRCB BankPPP / 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 Roles are as stated there and may be out of date.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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $99K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Altus Ready-Mix, Inc.
Altus Ready-Mix, Inc. is a ready-mix concrete manufacturing company in Altus, Oklahoma, in business since 1998. Its estimated annual revenue is about $5.9M, with roughly $850K of EBITDA. It has about 10 employees. Its estimated business value is $3.2M (likely range $1.7M–$4.4M).
Common questions
- Who owns Altus Ready-Mix, Inc.?
- The owner of Altus Ready-Mix, 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 Ready-Mix, Inc. make?
- SeeBITDA estimates Altus Ready-Mix, Inc.'s annual revenue at about $5.9M (likely between $3.9M and $6.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Altus Ready-Mix, Inc. worth?
- About $3.2M, roughly 3.8× its estimated EBITDA of $850K, typical for a ready-mix concrete manufacturing company its size. Likely range: $1.7M–$4.4M.
- How many employees does Altus Ready-Mix, Inc. have?
- About 10, as reported on its PPP loan.
- When was Altus Ready-Mix, Inc. founded?
- Altus Ready-Mix, Inc. has been in business since 1998.