Blackburn Propane Service, Inc
How we got $2.3M
Based on its 13 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 66 years (since 1960)
From public records and the company's website, not a statement that it's for sale.
What they do
Blackburn Propane Service is a family-owned propane company in Calera, Oklahoma, serving the Texoma area since 1960 with propane delivery, tanks, plumbing, and appliance service.
From the company's website. Industry: Retail Trade.
Customers & suppliers
Suppliers & brands
- Bradford White · brand it sells or installs
- Rinnai · brand it sells or installs
- State · brand it sells or installs
- Broilmaster · brand it sells or installs
- Swiss · brand it sells or installs
- Fire Magic · brand it sells or installs
- Empire Comfort Systems · brand it sells or installs
- HearthRite Blue Flame · brand it sells or installs
- Infrared Heaters · brand it sells or installs
- White Mountain Hearth · brand it sells or installs
- RealFyre · brand it sells or installs
- Superior · brand it sells or installs
- Monessen · brand it sells or installs
- Empire · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- DANWELL COMPANIES. LLC · Durant, 9 mi · $8.1M
- RAGGED EDGE RANCH LLC · Kingston, 17 mi · $6.1M
- WHITETAIL TREE FARM, LLC · Pauls Valley, 67 mi · $6.0M
- DUFUR LAND AND CATTLE COMPANY, LLC · Caddo, 20 mi · $5.6M
- RIVER OAKS FARMS , INC · Sulphur, 53 mi · $5.6M
Estimated value over time
▲ 35% 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 |
|---|---|---|
| BLACKBURN PROPANE SERVICE, INC this business | $8.4M | — |
| LUKE FUEL, LLC Calera · 4 employees | $4.6M | 2.3 mi |
| KOPPER KETTLE, LLC Durant · 2 employees | $1.2M | 7.3 mi |
| RRR MONOGRAMMING, LLC Caney · 2 employees | $1.0M | 26.4 mi |
| DREAM QUEST LLC Atoka · 1 employees | $501K | 36.8 mi |
| FREEDOM ESSENTIALS LLC Atoka · 1 employees | $331K | 36.8 mi |
| KMA AVIATION, LLC Ardmore · 2 employees | $2.4M | 43.6 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.9M |
| Estimate: the two combined (geometric mean) | $8.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $780K |
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 | $2.3M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.2M |
| Revenue range | $5.5M – $9.6M |
| EBITDA range | $513K – $889K |
| Industry (NAICS) | Retail Trade (454310) |
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
People & advisors
“"Honest dependable service" was a slogan adopted by Kenneth Blackburn when he founded he company in 1960.”
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, PPP 2021 | 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 |
|---|---|---|---|
| 4/7/2020 | first | $85K | 13 |
| 5/7/2021 | second | $85K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Blackburn Propane Service, Inc
Blackburn Propane Service, Inc is a family-owned retail trade company in Calera, Oklahoma, in business since 1960. Its estimated annual revenue is about $8.4M, with roughly $780K of EBITDA. It has about 13 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.2M).
Common questions
- Who owns Blackburn Propane Service, Inc?
- The owner of Blackburn Propane Service, 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 Blackburn Propane Service, Inc make?
- SeeBITDA estimates Blackburn Propane Service, Inc's annual revenue at about $8.4M (likely between $5.5M and $9.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Blackburn Propane Service, Inc worth?
- About $2.3M, roughly 3× its estimated EBITDA of $780K, typical for a retail trade company its size. Likely range: $1.2M–$3.2M.
- How many employees does Blackburn Propane Service, Inc have?
- About 13, as reported on its PPP loan.
- When was Blackburn Propane Service, Inc founded?
- Blackburn Propane Service, Inc has been in business since 1960.