Bates Bros Inc.
How we got $1.1M
Based on 11 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Some signs of a sale
- In business 32 years (since 1994)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 42% 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 |
|---|---|---|
| BATES BROS INC. this business | $3.5M | — |
| BATES BROS & SON Altus · 16 employees | $4.8M | 0.0 mi |
| BATES BROS & SONS Altus · 16 employees | $4.8M | 0.0 mi |
| COTTON GROWERS CO-OP Altus · 20 employees | $21.4M | 0.1 mi |
| Rockin' J Feed & Supply Altus | $5.3M | 0.1 mi |
| BROOKS & ROBBINS JT VT Altus · 1 employees | $298K | 0.4 mi |
| D & J FARMS, LLC Altus · 2 employees | $401K | 0.4 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Industry revenue per employee | $56K |
| Revenue = employees × revenue per employee | $3.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $376K |
| Cross-check: revenue implied by PPP payroll | $9.2M |
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 | $1.1M |
| Multiple for this size and industry | 3× |
| Value range | $534K – $1.6M |
| Revenue range | $2.1M – $4.1M |
| EBITDA range | $222K – $445K |
| Industry (NAICS) | Farm Labor Contractors and Crew Leaders (115115) |
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. 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
- BankingFrazer 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 Roles are as stated there and may be out of date.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
| Frazer Bank PPP 2020, PPP 2021 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $230K | 11 |
| 2/2/2021 | first | $18K | 2 |
| 3/16/2021 | second | $18K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bates Bros Inc.
Bates Bros Inc. is a farm labor contractors and crew leaders company in Altus, Oklahoma, in business since 1994. Its estimated annual revenue is about $3.5M, with roughly $376K of EBITDA. It has about 11 employees. Its estimated business value is $1.1M (likely range $534K–$1.6M).
Common questions
- Who owns Bates Bros Inc.?
- The owner of Bates Bros 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 Bates Bros Inc. make?
- SeeBITDA estimates Bates Bros Inc.'s annual revenue at about $3.5M (likely between $2.1M and $4.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bates Bros Inc. worth?
- About $1.1M, roughly 3× its estimated EBITDA of $376K, typical for a farm labor contractors and crew leaders company its size. Likely range: $534K–$1.6M.
- How many employees does Bates Bros Inc. have?
- About 11, as reported on its PPP loan.
- When was Bates Bros Inc. founded?
- Bates Bros Inc. has been in business since 1994.