Aspen Custom Electronics, Inc.
How we got $477K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
Aspen Custom Electronics is a commercial audio-visual integration company based in Oklahoma that designs and integrates AV systems for education, corporate, government, and houses of worship clients across the state and Southwest since 2007.
From the company's website. Industry: Retail Trade.
Estimated value over time
▼ 13% 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
▲ 11% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $2.7M |
| 2024 | Form 5500 | 10 | $3.0M |
| 2025 | Form 5500 | 10 | $3.0M |
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 |
|---|---|---|
| ASPEN CUSTOM ELECTRONICS, INC. this business | $3.7M | — |
| CUSHING ELECTRONICS LLC Cushing · 2 employees | $480K | 19.6 mi |
| EDWARDS APPLIANCE REPAIR Luther · 8 employees | $2.9M | 35.0 mi |
| HI-FI SYSTEMS, INC. Ponca City · 4 employees | $1.7M | 38.9 mi |
| CELL BARN, LLC Ponca City · 4 employees | $1.0M | 39.8 mi |
| PHONE PLUS LLC Edmond · 2 employees | $522K | 40.1 mi |
| CELLULAR FIX LLC Edmond · 2 employees | $499K | 41.1 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.7M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 6% |
| 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 | $477K |
| Multiple for this size and industry | 2× |
| Value range | $251K – $652K |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $157K – $272K |
| Industry (NAICS) | Retail Trade (443142) |
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
- 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, PPP 2021 | 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 |
|---|---|---|---|
| 4/8/2020 | first | $75K | 7 |
| 1/23/2021 | second | $76K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Aspen Custom Electronics, Inc.
Aspen Custom Electronics, Inc. is a retail trade company in Stillwater, Oklahoma, in business since 2007. Its estimated annual revenue is about $3.7M, with roughly $238K of EBITDA. It has about 10 employees. Its estimated business value is $477K (likely range $251K–$652K).
Common questions
- Who owns Aspen Custom Electronics, Inc.?
- The owner of Aspen Custom Electronics, 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 Aspen Custom Electronics, Inc. make?
- SeeBITDA estimates Aspen Custom Electronics, Inc.'s annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Aspen Custom Electronics, Inc. worth?
- About $477K, roughly 2× its estimated EBITDA of $238K, typical for a retail trade company its size. Likely range: $251K–$652K.
- How many employees does Aspen Custom Electronics, Inc. have?
- About 10, from its 2025 retirement-plan filing.
- When was Aspen Custom Electronics, Inc. founded?
- Aspen Custom Electronics, Inc. has been in business since 2007.