Bates Bros & Son
How we got $2.0M
Based on its 16 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 36% since 2021Today'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 & SON this business | $4.8M | — |
| BATES BROS INC. Altus · 11 employees | $3.5M | 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 | $4.8M | 0.1 mi |
| BROOKS & ROBBINS JT VT Altus · 1 employees | $298K | 0.4 mi |
| D & J FARMS, LLC Altus · 2 employees | $402K | 0.4 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.1M |
| Estimate: the two combined (geometric mean) | $4.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $519K |
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 | $2.0M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.0M – $2.7M |
| Revenue range | $3.1M – $5.5M |
| EBITDA range | $341K – $592K |
| Industry (NAICS) | Farm Labor Contractors and Crew Leaders (115115) |
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
- 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 Roles are as stated there and may be out of date.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 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 |
|---|---|---|---|
| 1/25/2021 | second | $103K | 16 |
About Bates Bros & Son
Bates Bros & Son is a farm labor contractors and crew leaders company in Altus, Oklahoma. Its estimated annual revenue is about $4.8M, with roughly $519K of EBITDA. It has about 16 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Bates Bros & Son?
- The owner of Bates Bros & Son 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 & Son make?
- SeeBITDA estimates Bates Bros & Son's annual revenue at about $4.8M (likely between $3.1M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bates Bros & Son worth?
- About $2.0M, roughly 3.8× its estimated EBITDA of $519K, typical for a farm labor contractors and crew leaders company its size. Likely range: $1.0M–$2.7M.
- How many employees does Bates Bros & Son have?
- About 16, as reported on its PPP loan.