Bartlett Equipment Company Inc
How we got $20.2M
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
▼ 2% 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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $9.8M |
| 2020 | Form 5500 | 4 | $9.8M |
| 2021 | Form 5500 | 4 | $9.8M |
| 2022 | Form 5500 | 3 | $7.3M |
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 |
|---|---|---|
| BARTLETT EQUIPMENT COMPANY INC this business | $19.7M | — |
| TRUEX, LLC Tulsa · 1 employees | $2.5M | 1.1 mi |
| HARLEY FINANCIAL SERVICES INC. Tulsa · 5 employees | $19.7M | 1.6 mi |
| BLACK GOLD SOURCING SOLUTIONS, LLC Tulsa · 13 employees | $49.0M | 1.9 mi |
| AGONOW, LLC Tulsa · 19 employees | $89.3M | 2.3 mi |
| TRAVIS GAINES Broken Arrow · 1 employees | $2.8M | 2.9 mi |
| OK SALES, INC. Tulsa · 3 employees | $8.4M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.9M |
| Estimate: the two combined (geometric mean) | $19.7M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $3.9M |
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 | $20.2M |
| Multiple for this size and industry | 5.2× |
| Value range | $10.6M – $27.7M |
| Revenue range | $13.0M – $22.5M |
| EBITDA range | $2.6M – $4.4M |
| Industry (NAICS) | Wholesale Trade Agents and Brokers (425120) |
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, 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
- GBGary BartlettSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingFirst Oklahoma 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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 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 | $78K | 4 |
| 1/29/2021 | second | $78K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bartlett Equipment Company Inc
Bartlett Equipment Company Inc is a wholesale trade agents and brokers company in Tulsa, Oklahoma. Its estimated annual revenue is about $19.7M, with roughly $3.9M of EBITDA. It has about 3 employees. Its estimated business value is $20.2M (likely range $10.6M–$27.7M).
Common questions
- Who owns Bartlett Equipment Company Inc?
- The owner of Bartlett Equipment Company 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 Bartlett Equipment Company Inc make?
- SeeBITDA estimates Bartlett Equipment Company Inc's annual revenue at about $19.7M (likely between $13.0M and $22.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bartlett Equipment Company Inc worth?
- About $20.2M, roughly 5.2× its estimated EBITDA of $3.9M, typical for a wholesale trade agents and brokers company its size. Likely range: $10.6M–$27.7M.
- How many employees does Bartlett Equipment Company Inc have?
- About 3, from its 2022 retirement-plan filing.