Biospec Products Inc
How we got $1.8M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
BioSpec Products designs and sells laboratory equipment, mainly bead mill cell disrupters, homogenizers, tissue grinders and dispersers, along with beads, vials and microplates for research laboratories.
From the company's website. Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Customers
- Office of the Assistant Secretary for Administration · federal contracts $30K
- Centers for Disease Control and Prevention · federal contracts $13K
Estimated value over time
▲ 40% 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 |
|---|---|---|
| BIOSPEC PRODUCTS INC this business | $6.8M | — |
| G. W. WATTS DISTRIBUTING CO. Bartlesville · 4 employees | $2.7M | 0.5 mi |
| HANNEMAN RADIOGRAPHIC CONCEPTS, LLC Oologah · 4 employees | $2.9M | 26.6 mi |
| LIFELINE DIRECT, LLC Claremore · 1 employees | $714K | 35.9 mi |
| KIRKPATRICK SCALES, INC. Claremore · 3 employees | $2.5M | 36.4 mi |
| JRS, INC Catoosa · 2 employees | $5.2M | 37.5 mi |
| IQ SURGICAL, LLC Tulsa · 7 employees | $4.4M | 41.3 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.7M |
| Estimate: the two combined (geometric mean) | $6.8M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $503K |
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 | $1.8M |
| Multiple for this size and industry | 3.6× |
| Value range | $952K – $2.5M |
| Revenue range | $4.5M – $7.8M |
| EBITDA range | $331K – $573K |
| Industry (NAICS) | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (423450) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $105K | 6 |
| 3/24/2021 | second | $110K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Biospec Products Inc
Biospec Products Inc is a medical, dental, and hospital equipment and supplies merchant wholesalers company in Bartlesville, Oklahoma, in business since 1996. Its estimated annual revenue is about $6.8M, with roughly $503K of EBITDA. It has about 6 employees. Its estimated business value is $1.8M (likely range $952K–$2.5M).
Common questions
- Who owns Biospec Products Inc?
- The owner of Biospec Products 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 Biospec Products Inc make?
- SeeBITDA estimates Biospec Products Inc's annual revenue at about $6.8M (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 Biospec Products Inc worth?
- About $1.8M, roughly 3.6× its estimated EBITDA of $503K, typical for a medical, dental, and hospital equipment and supplies merchant wholesalers company its size. Likely range: $952K–$2.5M.
- How many employees does Biospec Products Inc have?
- About 6, as reported on its PPP loan.
- When was Biospec Products Inc founded?
- Biospec Products Inc has been in business since 1996.