Armstrong Family Enterprises, LLC
How we got $5.6M
Based on 5 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 20% 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.
Employees over time
▼ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $11.4M |
| 2020 | Form 5500 | 3 | $6.9M |
| 2021 | Form 5500 | 3 | $6.9M |
| 2022 | Form 5500 | 3 | $6.9M |
| 2023 | Form 5500 | 3 | $6.9M |
| 2024 | Form 5500 | 4 | $9.1M |
| 2025 | Form 5500 | 4 | $9.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ARMSTRONG FAMILY ENTERPRISES, LLC this business | $5.1M | — |
| YOUR MONEY WORKING, LLC Duncan · 1 employees | $393K | 0.0 mi |
| Shelter Insurance Duncan | $806K | 0.0 mi |
| Michael Day Agency Duncan | $806K | 0.1 mi |
| Arvest Bank Duncan | $1.9M | 0.1 mi |
| Coinstar Kiosk Duncan | $1.1M | 0.2 mi |
| Regional Finance Duncan | $1.1M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Industry revenue per employee | $2.3M |
| Revenue = employees × revenue per employee | $5.1M |
| EBITDA margin (industry, adjusted for size) | 32% |
| EBITDA = revenue × margin | $1.6M |
| Cross-check: revenue implied by PPP payroll | $1.3M |
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 | $5.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.6M – $7.9M |
| Revenue range | $3.0M – $6.0M |
| EBITDA range | $966K – $1.9M |
| Industry (NAICS) | Securities and Commodity Exchanges (523210) |
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: US Economic Census 2022. 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
- 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 | $40K | 5 |
About Armstrong Family Enterprises, LLC
Armstrong Family Enterprises, LLC is a securities and commodity exchanges company in Duncan, Oklahoma. Its estimated annual revenue is about $5.1M, with roughly $1.6M of EBITDA. It has about 4 employees. Its estimated business value is $5.6M (likely range $2.6M–$7.9M).
Common questions
- Who owns Armstrong Family Enterprises, LLC?
- The owner of Armstrong Family Enterprises, 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 Armstrong Family Enterprises, LLC make?
- SeeBITDA estimates Armstrong Family Enterprises, LLC's annual revenue at about $5.1M (likely between $3.0M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Armstrong Family Enterprises, LLC worth?
- About $5.6M, roughly 3.4× its estimated EBITDA of $1.6M, typical for a securities and commodity exchanges company its size. Likely range: $2.6M–$7.9M.
- How many employees does Armstrong Family Enterprises, LLC have?
- About 4, from its 2025 retirement-plan filing.