Base, Inc.
How we got $2.9M
Based on its 14 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
- Headcount down 86% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 15% 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
▼ 86% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $2.5M |
| 2020 | Form 5500 | 14 | $2.5M |
| 2021 | Form 5500 | 14 | $2.5M |
| 2022 | Form 5500 | 14 | $2.5M |
| 2023 | Form 5500 | 2 | $360K |
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 |
|---|---|---|
| BASE, INC. this business | $7.0M | — |
| MIDWEST CRANE SERVICES, LLC Tulsa · 18 employees | $10.0M | 2.1 mi |
| RMC Tulsa · 1 employees | $443K | 10.3 mi |
| FRISCO MACHINE, LLC Beggs · 4 employees | $1.3M | 32.5 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.0M |
| Estimate: the two combined (geometric mean) | $7.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $755K |
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 | $2.9M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.5M – $4.0M |
| Revenue range | $4.6M – $8.0M |
| EBITDA range | $496K – $861K |
| Industry (NAICS) | Support Activities for Rail Transportation (488210) |
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
History & advisors
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $209K | 13 |
| 2/26/2021 | second | $165K | 14 |
About Base, Inc.
Base, Inc. is a support activities for rail transportation company in Tulsa, Oklahoma. Its estimated annual revenue is about $7.0M, with roughly $755K of EBITDA. It has about 2 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Base, Inc.?
- The owner of Base, 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 Base, Inc. make?
- SeeBITDA estimates Base, Inc.'s annual revenue at about $7.0M (likely between $4.6M and $8.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Base, Inc. worth?
- About $2.9M, roughly 3.9× its estimated EBITDA of $755K, typical for a support activities for rail transportation company its size. Likely range: $1.5M–$4.0M.
- How many employees does Base, Inc. have?
- About 2, from its 2023 retirement-plan filing.