Beauty-Crete, Inc.
How we got $858K
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 43 years (since 1983)
- Founder still runs it after 43 years
- Family in the business (Wesley Fjeldsted, Production Manager)
From public records and the company's website, not a statement that it's for sale.
What they do
Beauty-Crete, Inc. has been installing decorative concrete and restoration products since 1983, centrally located in Tulsa, Oklahoma, and services customers within a 200 mile radius.
From the company's website. Industry: Home builders.
Estimated value over time
▲ 62% 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 |
|---|---|---|
| BEAUTY-CRETE, INC. this business | $6.9M | — |
| 357, INC. Tulsa · 20 employees | $23.4M | 0.2 mi |
| OKLAHOMA DISASTER RESTORATION & CLEANING SPECIALISTS, INC. Tulsa · 24 employees | $10.2M | 0.2 mi |
| TIMCO CONSTRUCTION, LLC Tulsa · 5 employees | $2.1M | 0.2 mi |
| LEGACY CONSTRUCTION & REMODELING, LLC Tulsa · 4 employees | $1.4M | 0.2 mi |
| RESIDENTIAL REPAIR, INC Tulsa · 4 employees | $1.6M | 0.7 mi |
| THE BUCKINGHAM GROUP, INC. Tulsa · 12 employees | $4.1M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.4M |
| Estimate: the two combined (geometric mean) | $6.9M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $373K |
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 | $858K |
| Multiple for this size and industry | 2.3× |
| Value range | $452K – $1.2M |
| Revenue range | $4.5M – $7.8M |
| EBITDA range | $245K – $425K |
| Industry (NAICS) | Residential Remodelers (236118) |
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
- WFWesley FjeldstedProduction Manager · Company website · source
- SHScott HargroveSales Manager · Company website · source
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 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 | $170K | 16 |
| 1/20/2021 | second | $149K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Beauty-Crete, Inc.
Beauty-Crete, Inc. is a home builders company in Tulsa, Oklahoma, in business since 1983. It is owned by Bob Fjeldsted (Founder). Its estimated annual revenue is about $6.9M, with roughly $373K of EBITDA. It has about 17 employees. Its estimated business value is $858K (likely range $452K–$1.2M).
Common questions
- Who owns Beauty-Crete, Inc.?
- Beauty-Crete, Inc. is owned by Bob Fjeldsted (Founder), according to public sources such as the company's website or filings.
- How much revenue does Beauty-Crete, Inc. make?
- SeeBITDA estimates Beauty-Crete, Inc.'s annual revenue at about $6.9M (likely between $4.5M and $7.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Beauty-Crete, Inc. worth?
- About $858K, roughly 2.3× its estimated EBITDA of $373K, typical for a home builders company its size. Likely range: $452K–$1.2M.
- How many employees does Beauty-Crete, Inc. have?
- About 17, as reported on its PPP loan.
- When was Beauty-Crete, Inc. founded?
- Beauty-Crete, Inc. has been in business since 1983.
- Is Beauty-Crete, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 43 years (since 1983); founder still runs it after 43 years; family in the business (wesley fjeldsted, production manager).