Ashers Commercial Refrigeration Inc
How we got $3.7M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 25 | $5.1M |
| 2020 | Form 5500 | 22 | $4.5M |
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 |
|---|---|---|
| ASHERS COMMERCIAL REFRIGERATION INC this business | $11.1M | — |
| Mingo Valley Electric Tulsa | $1.8M | 0.2 mi |
| Back Up Power Source Tulsa | $1.8M | 0.2 mi |
| A.S.A.P. HEATING AND AIR, INC. Tulsa · 69 employees | $17.4M | 0.3 mi |
| MAGNUM ELECTRIC, LLC Tulsa · 13 employees | $3.7M | 0.5 mi |
| ENDEX, INC. OF TULSA Tulsa · 13 employees | $4.4M | 0.6 mi |
| United Rentals - Climate Solutions Tulsa | $1.8M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.8M |
| Estimate: the two combined (geometric mean) | $11.1M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.0M – $5.1M |
| Revenue range | $7.3M – $12.7M |
| EBITDA range | $683K – $1.2M |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
Leadership
- BSBrian SampsonSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingThe Central Trust 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
| The Central Trust Bank PPP 2020 | All 323 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 | $430K | 25 |
2 locations
| 10901 EMARSHALL ST | Tulsa | This listing |
| 7227 NW 3rd St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ashers Commercial Refrigeration Inc
Ashers Commercial Refrigeration Inc is a plumbing, heating & air company in Tulsa, Oklahoma. Its estimated annual revenue is about $11.1M, with roughly $1.0M of EBITDA. It has about 22 employees. Its estimated business value is $3.7M (likely range $2.0M–$5.1M). It has 2 locations.
Common questions
- Who owns Ashers Commercial Refrigeration Inc?
- The owner of Ashers Commercial Refrigeration 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 Ashers Commercial Refrigeration Inc make?
- SeeBITDA estimates Ashers Commercial Refrigeration Inc's annual revenue at about $11.1M (likely between $7.3M and $12.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ashers Commercial Refrigeration Inc worth?
- About $3.7M, roughly 3.6× its estimated EBITDA of $1.0M, typical for a plumbing, heating & air company its size. Likely range: $2.0M–$5.1M.
- How many employees does Ashers Commercial Refrigeration Inc have?
- About 22, from its 2020 retirement-plan filing.