Ares State Armory, LLC
How we got $426K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 32% 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 |
|---|---|---|
| ARES STATE ARMORY, LLC this business | $1.9M | — |
| DARRIN HALL INVESTMENTS, LLC Lawton · 3 employees | $1.6M | 0.1 mi |
| JERRYS MUSIC EMPORIUM INC Lawton · 2 employees | $817K | 0.6 mi |
| DALLAS BARRACUDAS, LLC Lawton · 3 employees | $1.6M | 2.0 mi |
| CYCLE ONE INC Lawton · 7 employees | $3.6M | 3.3 mi |
| RALPHS RESORT LLC Elgin · 2 employees | $963K | 13.4 mi |
| COACHES CORNER LLC Duncan · 8 employees | $2.9M | 26.7 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $213K |
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 | $426K |
| Multiple for this size and industry | 2× |
| Value range | $224K – $583K |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $140K – $243K |
| Industry (NAICS) | Retail Trade (451110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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: approximate sector default. 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
- BankingLiberty National 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 Roles are as stated there and may be out of date.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
| Liberty National Bank PPP 2020 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $11K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ares State Armory, LLC
Ares State Armory, LLC is a retail trade company in Lawton, Oklahoma, in business since 2016. Its estimated annual revenue is about $1.9M, with roughly $213K of EBITDA. It has about 4 employees. Its estimated business value is $426K (likely range $224K–$583K).
Common questions
- Who owns Ares State Armory, LLC?
- The owner of Ares State Armory, LLC 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 Ares State Armory, LLC make?
- SeeBITDA estimates Ares State Armory, LLC's annual revenue at about $1.9M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ares State Armory, LLC worth?
- About $426K, roughly 2× its estimated EBITDA of $213K, typical for a retail trade company its size. Likely range: $224K–$583K.
- How many employees does Ares State Armory, LLC have?
- About 4, as reported on its PPP loan.
- When was Ares State Armory, LLC founded?
- Ares State Armory, LLC has been in business since 2016.