Boone & Boone Sales Company, Inc.
How we got $2.1M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Customers & suppliers
Customers
- Department of the Army · federal contracts $345K
- Department of Veterans Affairs · federal contracts $21K
Estimated value over time
▲ 36% 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.
Employees over time
▼ 6% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $3.7M |
| 2020 | Form 5500 | 17 | $3.5M |
| 2021 | Form 5500 | 16 | $3.3M |
| 2022 | Form 5500 | 17 | $3.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BOONE & BOONE SALES COMPANY, INC. this business | $6.5M | — |
| ADL GROUP LLC Tulsa · 28 employees | $8.8M | 0.1 mi |
| C W ELECTRICAL SERVICES Tulsa · 9 employees | $1.8M | 0.1 mi |
| Robison Air Tulsa | $1.8M | 0.1 mi |
| Temperaturepro Tulsa | $1.8M | 0.1 mi |
| ROBINSON AIR INC Tulsa · 15 employees | $4.8M | 0.1 mi |
| Dynamic Power Solutions Tulsa | $1.8M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.0M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $685K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $4.3M – $7.4M |
| EBITDA range | $451K – $781K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- CPCary PestelSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $239K | 18 |
| 2/20/2021 | second | $208K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Boone & Boone Sales Company, Inc.
Boone & Boone Sales Company, Inc. is a plumbing, heating & air company in Tulsa, Oklahoma. Its estimated annual revenue is about $6.5M, with roughly $685K of EBITDA. It has about 17 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.8M).
Common questions
- Who owns Boone & Boone Sales Company, Inc.?
- The owner of Boone & Boone Sales Company, 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 Boone & Boone Sales Company, Inc. make?
- SeeBITDA estimates Boone & Boone Sales Company, Inc.'s annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Boone & Boone Sales Company, Inc. worth?
- About $2.1M, roughly 3× its estimated EBITDA of $685K, typical for a plumbing, heating & air company its size. Likely range: $1.1M–$2.8M.
- How many employees does Boone & Boone Sales Company, Inc. have?
- About 17, from its 2022 retirement-plan filing.