Bulwark Properties
How we got $607K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 39% 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 |
|---|---|---|
| BULWARK PROPERTIES this business | $792K | — |
| DJ/KJ MANAGEMENT INC Oklahoma City · 2 employees | $1.1M | 0.0 mi |
| WIDE RIVER INVESTMENTS Oklahoma City · 2 employees | $795K | 0.1 mi |
| Advantage Storage Oklahoma City | $8.6M | 0.3 mi |
| Public Storage Oklahoma City | $1.7M | 0.3 mi |
| Simply Self Storage - OKC/Western Ave Oklahoma City | $1.7M | 0.3 mi |
| RFC OIL PROPERTIES, INC. Oklahoma City · 2 employees | $993K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $986K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $489K |
| Estimate: the two combined (geometric mean) | $792K |
| EBITDA margin (industry, adjusted for size) | 32% |
| EBITDA = revenue × margin | $253K |
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 | $607K |
| Multiple for this size and industry | 2.4× |
| Value range | $319K – $831K |
| Revenue range | $521K – $903K |
| EBITDA range | $166K – $288K |
| Industry (NAICS) | Lessors of Residential Buildings and Dwellings (531110) |
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: 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
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 Roles are as stated there and may be out of date.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 | 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 | $6K | 2 |
About Bulwark Properties
Bulwark Properties is a lessors of residential buildings and dwellings company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $792K, with roughly $253K of EBITDA. It has about 2 employees. Its estimated business value is $607K (likely range $319K–$831K).
Common questions
- Who owns Bulwark Properties?
- The owner of Bulwark Properties 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 Bulwark Properties make?
- SeeBITDA estimates Bulwark Properties's annual revenue at about $792K (likely between $521K and $903K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bulwark Properties worth?
- About $607K, roughly 2.4× its estimated EBITDA of $253K, typical for a lessors of residential buildings and dwellings company its size. Likely range: $319K–$831K.
- How many employees does Bulwark Properties have?
- About 2, as reported on its PPP loan.