Cannon & Refermat LLC
How we got $2.9M
Based on its 14 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 2% 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
▼ 21% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 14 | $6.2M |
| 2020 | Form 5500 | 12 | $5.3M |
| 2021 | Form 5500 | 13 | $5.8M |
| 2022 | Form 5500 | 11 | $4.9M |
| 2023 | Form 5500 | 12 | $5.3M |
| 2024 | Form 5500 | 11 | $4.9M |
| 2025 | Form 5500 | 11 | $4.9M |
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CANNON & REFERMAT LLC this business | $5.1M | — |
| CANNON & REFERMAT, LLC CANNON SPRING COMPANY Oklahoma City · 14 employees | $5.6M | 0.0 mi |
| CANNON RACE CRAFT INC. Oklahoma City · 17 employees | $5.3M | 1.0 mi |
| Cannon Racecraft Oklahoma City | $22.5M | 1.0 mi |
| OMS ENTERPRISES, LLC Moore · 5 employees | $1.7M | 10.6 mi |
| CENTRAL EXPANDED METAL, INC. Chandler · 71 employees | $32.7M | 40.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.3M |
| Estimate: the two combined (geometric mean) | $5.1M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $734K |
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 | $2.9M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.5M – $3.9M |
| Revenue range | $3.4M – $5.9M |
| EBITDA range | $483K – $836K |
| Industry (NAICS) | Spring Manufacturing (332613) |
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
- BankingUMB Bank, National AssociationPPP / 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
| UMB Bank, National Association PPP 2021 | All 99 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/5/2021 | second | $130K | 14 |
About Cannon & Refermat LLC
Cannon & Refermat LLC is a spring manufacturing company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $5.1M, with roughly $734K of EBITDA. It has about 11 employees. Its estimated business value is $2.9M (likely range $1.5M–$3.9M).
Common questions
- Who owns Cannon & Refermat LLC?
- The owner of Cannon & Refermat LLC 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 Cannon & Refermat LLC make?
- SeeBITDA estimates Cannon & Refermat LLC's annual revenue at about $5.1M (likely between $3.4M and $5.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cannon & Refermat LLC worth?
- About $2.9M, roughly 3.9× its estimated EBITDA of $734K, typical for a spring manufacturing company its size. Likely range: $1.5M–$3.9M.
- How many employees does Cannon & Refermat LLC have?
- About 11, from its 2025 retirement-plan filing.