Casters of Oklahoma Inc
How we got $2.6M
Based on its 13 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
- Changed hands recently (SBA-financed purchase, FY2023)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 17% 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 |
|---|---|---|
| CASTERS OF OKLAHOMA INC this business | $9.8M | — |
| TAMKEN ADAPTORS, LLC Tulsa · 2 employees | $2.5M | 1.1 mi |
| ARCTIC SALES AND LEASING, INC Tulsa · 5 employees | $5.1M | 2.5 mi |
| HEATWAVE SUPPLY, INC. Tulsa · 46 employees | $61.2M | 3.3 mi |
| H. G. FLAKE COMPANY, INC. Tulsa · 13 employees | $17.6M | 3.4 mi |
| HILTI CARIBE LLC Tulsa | $6.8M | 3.5 mi |
| GUSTO HOME SERVICES LLC Tulsa | $4.0M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.7M |
| Estimate: the two combined (geometric mean) | $9.8M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $725K |
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 | $2.6M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.4M – $3.6M |
| Revenue range | $6.5M – $11.2M |
| EBITDA range | $477K – $826K |
| Industry (NAICS) | Hardware Merchant Wholesalers (423710) |
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
- BankingBank of America, 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 Roles are as stated there and may be out of date.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
| Bank of America, National Association 7(a) 2023, PPP 2020, PPP 2021 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $167K | 13 |
| 2/2/2021 | second | $132K | 12 |
Public records
| Dec 2022 | 7(a) | $1.0M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Casters of Oklahoma Inc
Casters of Oklahoma Inc is a hardware merchant wholesalers company in Tulsa, Oklahoma. It is owned by Darrel Barnes (Owner and President). Its estimated annual revenue is about $9.8M, with roughly $725K of EBITDA. It has about 13 employees. Its estimated business value is $2.6M (likely range $1.4M–$3.6M).
Common questions
- Who owns Casters of Oklahoma Inc?
- Casters of Oklahoma Inc is owned by Darrel Barnes (Owner and President), according to public sources such as the company's website or filings.
- How much revenue does Casters of Oklahoma Inc make?
- SeeBITDA estimates Casters of Oklahoma Inc's annual revenue at about $9.8M (likely between $6.5M and $11.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Casters of Oklahoma Inc worth?
- About $2.6M, roughly 3.6× its estimated EBITDA of $725K, typical for a hardware merchant wholesalers company its size. Likely range: $1.4M–$3.6M.
- How many employees does Casters of Oklahoma Inc have?
- About 13, as reported on its PPP loan.