Bare Property Management
How we got $4.0M
Based on its 6 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 17 years (since 2009)
- Family in the business (Lydia Bare, Business Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Bare Property Management (BPM, Inc.) manages rental homes for property owners and leases them to residents in the Norman, Oklahoma area. It offers tenant screening, rent collection, maintenance coordination and lease enforcement for owners and renters.
From the company's website. Industry: Offices of Real Estate Agents and Brokers.
Estimated value over time
▲ 40% 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 |
|---|---|---|
| BARE PROPERTY MANAGEMENT this business | $4.3M | — |
| SILVER CRICKET COMPANIES LLC Norman · 1 employees | $779K | 0.0 mi |
| Fulton Worster Group Norman | $959K | 0.1 mi |
| CENTURY 21 Judge Fite Company Norman | $3.8M | 0.1 mi |
| Century 21 Goodyear Green Norman | $959K | 0.1 mi |
| MAYO REALTY LLC Norman · 1 employees | $417K | 0.1 mi |
| STILES REAL ESTATE LLC Norman · 1 employees | $603K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.4M |
| Estimate: the two combined (geometric mean) | $4.3M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.1M – $5.5M |
| Revenue range | $2.8M – $4.9M |
| EBITDA range | $739K – $1.3M |
| Industry (NAICS) | Offices of Real Estate Agents and Brokers (531210) |
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
“Lydia Bare, Business Manager, joined the BPM team upon the company’s inception in 2010 and serves as our Business Manager.”
Leadership
- LBLydia BareBusiness Manager · Company website · source
- BBBart ByrdOffice/IT Manager · Company website · source
- LLLindsey LangrehrBroker Associate/Property Manager · Company website · source
- BSBraden SmithsonBroker Associate/Accounts Payable and Receivable · Company website · source
- TLThomas LunsfordLicensed Agent/Showing Agent · Company website · source
Advisors
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $55K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bare Property Management
Bare Property Management is an offices of real estate agents and brokers company in Norman, Oklahoma, in business since 2009. It is owned by David Bare (Owner and Managing Broker). Its estimated annual revenue is about $4.3M, with roughly $1.1M of EBITDA. It has about 6 employees. Its estimated business value is $4.0M (likely range $2.1M–$5.5M).
Common questions
- Who owns Bare Property Management?
- Bare Property Management is owned by David Bare (Owner and Managing Broker), according to public sources such as the company's website or filings.
- How much revenue does Bare Property Management make?
- SeeBITDA estimates Bare Property Management's annual revenue at about $4.3M (likely between $2.8M and $4.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bare Property Management worth?
- About $4.0M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a offices of real estate agents and brokers company its size. Likely range: $2.1M–$5.5M.
- How many employees does Bare Property Management have?
- About 6, as reported on its PPP loan.
- When was Bare Property Management founded?
- Bare Property Management has been in business since 2009.