Carlsbad Management Group II LLC
How we got $21.7M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
Carlsbad Management Group is a property management and construction company in Oklahoma that manages apartments and self-storage facilities and develops multifamily communities for residents and investors.
From the company's website. Industry: Lessors of Nonresidential Buildings (except Miniwarehouses).
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SOONER COOPERATIVE INC · Okeene, 77 mi · $15.4M
- J AND S DISTRIBUTIONS LLC · Oklahoma City, 15 mi · $8.6M
- 190 SELF STORAGE MANAGEMENT CO, INC. · Mustang, 18 mi · $8.3M
- ACE TRANSFER & STORAGE CO · Oklahoma City, 16 mi · $7.7M
- WALTERS COOP ELEVATOR ASSN · Walters, 74 mi · $6.9M
- BENNETT CONSTRUCTION, INC. · Oklahoma City, 21 mi · $790.6M
- H.C. EMPLOYEES LLC · Moore, 8 mi · $196.3M
- FUENTES CONCRETE CONSTRUCTION · Edmond, 34 mi · $177.3M
- IDEAL HOMES OF NORMAN, LP · Norman, 4 mi · $163.8M
- TABER BUILT HOMES, LLC · Oklahoma City, 27 mi · $135.0M
Estimated value over time
▲ 14% 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 |
|---|---|---|
| CARLSBAD MANAGEMENT GROUP II LLC this business | $22.8M | — |
| Cambridge Mini Storage Norman | $1.7M | 0.0 mi |
| Public Storage - Norman Norman | $1.7M | 0.1 mi |
| SecurCare Self Storage Norman | $1.7M | 0.1 mi |
| JABEZ O&G, LLC Norman · 1 employees | $573K | 0.3 mi |
| HOBBS INVESTMENTS LLC Norman · 2 employees | $1.4M | 0.7 mi |
| SAB ONE LLC Norman · 2 employees | $871K | 0.9 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.6M |
| Estimate: the two combined (geometric mean) | $22.8M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $4.9M |
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 | $21.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $11.4M – $29.7M |
| Revenue range | $15.0M – $26.0M |
| EBITDA range | $3.2M – $5.6M |
| Industry (NAICS) | Lessors of Nonresidential Buildings (except Miniwarehouses) (531120) |
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
“The operation of Carlsbad began in January 2008, and it has been our vision to build our company focusing on creating lasting value in multi-family assets, offer professional management services to other investors, and develop new apartment communities throughout Oklahoma.”
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 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 | $262K | 28 |
| 4/10/2020 | first | $118K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carlsbad Management Group II LLC
Carlsbad Management Group II LLC is a family-owned lessors of nonresidential buildings (except miniwarehouses) company in Norman, Oklahoma, in business since 2007. It is owned by Nicholas Jones (President). Its estimated annual revenue is about $22.8M, with roughly $4.9M of EBITDA. It has about 28 employees. Its estimated business value is $21.7M (likely range $11.4M–$29.7M).
Common questions
- Who owns Carlsbad Management Group II LLC?
- Carlsbad Management Group II LLC is owned by Nicholas Jones (President), according to public sources such as the company's website or filings.
- How much revenue does Carlsbad Management Group II LLC make?
- SeeBITDA estimates Carlsbad Management Group II LLC's annual revenue at about $22.8M (likely between $15.0M and $26.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carlsbad Management Group II LLC worth?
- About $21.7M, roughly 4.4× its estimated EBITDA of $4.9M, typical for a lessors of nonresidential buildings (except miniwarehouses) company its size. Likely range: $11.4M–$29.7M.
- How many employees does Carlsbad Management Group II LLC have?
- About 28, as reported on its PPP loan.
- When was Carlsbad Management Group II LLC founded?
- Carlsbad Management Group II LLC has been in business since 2007.