Cetcon Incorporated
How we got $5.6M
Based on its 19 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 35 years (since 1991)
From public records and the company's website, not a statement that it's for sale.
What they do
CETCON (Combustion and Environmental Testing Consultants) is a Tulsa, OK company that provides EPA stack testing, combustion consulting, and emission measurement services for operators of combustion-fired equipment. It was established in 1991.
From the company's website. Industry: Consulting.
Estimated value over time
▲ 22% 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 |
|---|---|---|
| CETCON INCORPORATED this business | $7.6M | — |
| ESAU MANAGEMENT SERVICES INC Tulsa · 8 employees | $2.7M | 1.1 mi |
| BLACK TECH STREET LLC Tulsa | $1.4M | 1.4 mi |
| LAWRENCE CRAFT Tulsa · 1 employees | $465K | 2.5 mi |
| SPIRIT FINANCIAL CONCEPTS, INC Tulsa · 3 employees | $950K | 3.5 mi |
| CROFT ENTERPRISES, LLC Tulsa · 1 employees | $568K | 3.8 mi |
| JUJUU CONSULTING LLC Tulsa · 1 employees | $300K | 3.8 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.4M |
| Estimate: the two combined (geometric mean) | $7.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.6M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.0M – $7.7M |
| Revenue range | $5.0M – $8.7M |
| EBITDA range | $820K – $1.4M |
| Industry (NAICS) | Environmental Consulting Services (541620) |
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
“CETCON, established in 1991, has extensive working knowledge and operational experience with combustion equipment such as fired heaters, utility boilers, incinerator's, calciners, gas turbines, SRU's, HRSG's and internal combustion engines.”
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 |
|---|---|---|---|
| 4/7/2020 | first | $313K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cetcon Incorporated
Cetcon Incorporated is a consulting company in Tulsa, Oklahoma, in business since 1991. Its estimated annual revenue is about $7.6M, with roughly $1.2M of EBITDA. It has about 19 employees. Its estimated business value is $5.6M (likely range $3.0M–$7.7M).
Common questions
- Who owns Cetcon Incorporated?
- The owner of Cetcon Incorporated 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 Cetcon Incorporated make?
- SeeBITDA estimates Cetcon Incorporated's annual revenue at about $7.6M (likely between $5.0M and $8.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cetcon Incorporated worth?
- About $5.6M, roughly 4.5× its estimated EBITDA of $1.2M, typical for a consulting company its size. Likely range: $3.0M–$7.7M.
- How many employees does Cetcon Incorporated have?
- About 19, as reported on its PPP loan.
- When was Cetcon Incorporated founded?
- Cetcon Incorporated has been in business since 1991.