Bice LLC
How we got $1.0M
Based on its 8 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 25% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BICE LLC this business | $2.2M | — |
| DOUBLE C CONSULTING Ardmore · 3 employees | $2.0M | 0.0 mi |
| SPEAKE RANCH LLC Ardmore · 3 employees | $2.4M | 1.4 mi |
| SPARKS RANCH Ardmore · 2 employees | $1.6M | 3.0 mi |
| JIM WINGO TRUST Ardmore · 1 employees | $854K | 3.3 mi |
| BRENT HARNESS Ardmore · 1 employees | $547K | 4.5 mi |
| MOUNTAIN RANGE CATTLE COMPANY LLC Ardmore · 2 employees | $1.3M | 4.6 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $334K |
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 | $1.0M |
| Multiple for this size and industry | 3× |
| Value range | $528K – $1.4M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $220K – $381K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (112111) |
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: approximate sector default. 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
- BankingCitizens Bank and Trust Company of ArdmorePPP / 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 Roles are as stated there and may be out of date.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
| Citizens Bank and Trust Company of Ardmore PPP 2021 | All 181 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/5/2021 | first | $21K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bice LLC
Bice LLC is an agriculture, forestry, fishing company in Ardmore, Oklahoma. It is owned by Belinda H Chapman. Its estimated annual revenue is about $2.2M, with roughly $334K of EBITDA. It has about 8 employees. Its estimated business value is $1.0M (likely range $528K–$1.4M).
Common questions
- Who owns Bice LLC?
- Bice LLC is owned by Belinda H Chapman, according to public sources such as the company's website or filings.
- How much revenue does Bice LLC make?
- SeeBITDA estimates Bice LLC's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bice LLC worth?
- About $1.0M, roughly 3× its estimated EBITDA of $334K, typical for a agriculture, forestry, fishing company its size. Likely range: $528K–$1.4M.
- How many employees does Bice LLC have?
- About 8, as reported on its PPP loan.