Cannon Storage Systems Inc
How we got $12.6M
Based on its 17 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Cannon Storage Systems, Inc. designs and builds quality steel self storage buildings and facilities, offering material supply or turnkey construction of single-story, multi-story, and temperature and humidity controlled storage.
From the company's website. Industry: Lessors of Miniwarehouses and Self-Storage Units.
Estimated value over time
▲ 29% 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 |
|---|---|---|
| CANNON STORAGE SYSTEMS INC this business | $12.3M | — |
| American Self Storage Lawton | $17.1M | 1.4 mi |
| Pack Rat Storage Lawton | $1.7M | 1.4 mi |
| Uptown Storage Lawton | $1.7M | 1.4 mi |
| CENTRAL MALL LAWTON REALTY HOLDING LLC Lawton · 21 employees | $8.2M | 1.5 mi |
| INTERSTATE STORAGE INC Lawton · 4 employees | $1.7M | 1.6 mi |
| Ko Storage Lawton | $17.1M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.8M |
| Estimate: the two combined (geometric mean) | $12.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $2.9M |
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 | $12.6M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.6M – $17.2M |
| Revenue range | $8.1M – $14.1M |
| EBITDA range | $1.9M – $3.3M |
| Industry (NAICS) | Lessors of Miniwarehouses and Self-Storage Units (531130) |
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
- 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 | 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 |
|---|---|---|---|
| 4/8/2020 | first | $195K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cannon Storage Systems Inc
Cannon Storage Systems Inc is a lessors of miniwarehouses and self-storage units company in Lawton, Oklahoma, in business since 1999. Its estimated annual revenue is about $12.3M, with roughly $2.9M of EBITDA. It has about 17 employees. Its estimated business value is $12.6M (likely range $6.6M–$17.2M).
Common questions
- Who owns Cannon Storage Systems Inc?
- The owner of Cannon Storage Systems 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 Cannon Storage Systems Inc make?
- SeeBITDA estimates Cannon Storage Systems Inc's annual revenue at about $12.3M (likely between $8.1M and $14.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cannon Storage Systems Inc worth?
- About $12.6M, roughly 4.4× its estimated EBITDA of $2.9M, typical for a lessors of miniwarehouses and self-storage units company its size. Likely range: $6.6M–$17.2M.
- How many employees does Cannon Storage Systems Inc have?
- About 17, as reported on its PPP loan.
- When was Cannon Storage Systems Inc founded?
- Cannon Storage Systems Inc has been in business since 1999.