Betts Drilling, LLC
How we got $2.8M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 23% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BETTS DRILLING, LLC this business | $10.7M | — |
| HEARTLAND TANK SERVICES, INC Oklahoma City · 18 employees | $8.4M | 0.3 mi |
| Advanced Restoration & Contracting LLC Oklahoma City | $3.9M | 0.6 mi |
| Swim Tech Pools and Spas Oklahoma City | $2.0M | 0.8 mi |
| SUPERIOR FENCE CONSTRUCTION,INC. Oklahoma City · 34 employees | $12.2M | 1.7 mi |
| FT CONSTRUCTION COMPANY, INCORPORATED Oklahoma City · 3 employees | $1.7M | 2.4 mi |
| IRON TOUGH LLC Oklahoma City · 5 employees | $1.2M | 2.5 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.6M |
| Estimate: the two combined (geometric mean) | $10.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $995K |
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 | $2.8M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.5M – $3.8M |
| Revenue range | $7.0M – $12.2M |
| EBITDA range | $654K – $1.1M |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
History & advisors
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $237K | 27 |
About Betts Drilling, LLC
Betts Drilling, LLC is a fencing, siding & exterior company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $10.7M, with roughly $995K of EBITDA. It has about 27 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.8M).
Common questions
- Who owns Betts Drilling, LLC?
- The owner of Betts Drilling, LLC 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 Betts Drilling, LLC make?
- SeeBITDA estimates Betts Drilling, LLC's annual revenue at about $10.7M (likely between $7.0M and $12.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Betts Drilling, LLC worth?
- About $2.8M, roughly 2.8× its estimated EBITDA of $995K, typical for a fencing, siding & exterior company its size. Likely range: $1.5M–$3.8M.
- How many employees does Betts Drilling, LLC have?
- About 27, as reported on its PPP loan.