Buy Rite Services, LLC
How we got $10.0M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| BUY RITE SERVICES, LLC this business | $8.2M | — |
| Washita Valley Enterprise Enid | $1.5M | 0.1 mi |
| OILFIELD DISTRIBUTION SPECIALISTS LLC Enid · 1 employees | $712K | 0.3 mi |
| UNION VALLEY PETROLEUM CORPORATION Enid · 4 employees | $2.1M | 0.5 mi |
| BIG BUCKET'S RAT HOLE DRILLING, INC. Enid · 3 employees | $1.4M | 0.9 mi |
| BIG BUCKETS RAT HOLE DRILLING INC. Enid · 2 employees | $1.0M | 0.9 mi |
| LB LAYDOWN SERVICE LLC Enid · 8 employees | $3.5M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 13 |
| 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) | $11.3M |
| Estimate: the two combined (geometric mean) | $8.2M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.3M |
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 | $10.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.3M – $13.7M |
| Revenue range | $5.4M – $9.3M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
History & advisors
Advisors
- BankingThe First State Bank of Pond Creek, InterBankPPP / 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 Roles are as stated there and may be out of date.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
| InterBank PPP 2021 | All 585 borrowers → |
| The First State Bank of Pond Creek PPP 2020 | All 39 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $346K | 13 |
| 1/20/2021 | second | $362K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Buy Rite Services, LLC
Buy Rite Services, LLC is an oil & gas company in Enid, Oklahoma, in business since 2015. It is owned by DANIELLE DETERDING. Its estimated annual revenue is about $8.2M, with roughly $2.3M of EBITDA. It has about 13 employees. Its estimated business value is $10.0M (likely range $5.3M–$13.7M).
Common questions
- Who owns Buy Rite Services, LLC?
- Buy Rite Services, LLC is owned by DANIELLE DETERDING, according to public sources such as the company's website or filings.
- How much revenue does Buy Rite Services, LLC make?
- SeeBITDA estimates Buy Rite Services, LLC's annual revenue at about $8.2M (likely between $5.4M and $9.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Buy Rite Services, LLC worth?
- About $10.0M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a oil & gas company its size. Likely range: $5.3M–$13.7M.
- How many employees does Buy Rite Services, LLC have?
- About 13, as reported on its PPP loan.
- When was Buy Rite Services, LLC founded?
- Buy Rite Services, LLC has been in business since 2015.