Cher Oil Company, Ltd
How we got $16.4M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CHER OIL COMPANY, LTD this business | $14.3M | — |
| THE BRADY COMPANY Cushing · 1 employees | $2.7M | 10.0 mi |
| HERITAGE PETROLEUM, INC. Stillwater · 3 employees | $11.2M | 10.4 mi |
| DELONG OIL AND GAS SERVICES INC. Cushing · 1 employees | $3.3M | 10.7 mi |
| HOUGH OILFIELD SERVICES, INC Cushing | $69.6M | 10.8 mi |
| MG ENERGY, LLC Cushing · 1 employees | $2.8M | 11.4 mi |
| KOPCO, INC Stillwater · 2 employees | $10.0M | 12.9 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.1M |
| Estimate: the two combined (geometric mean) | $14.3M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.5M |
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 | $16.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $8.7M – $22.5M |
| Revenue range | $9.4M – $16.3M |
| EBITDA range | $2.3M – $4.0M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingInternational Bank of CommercePPP / 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 Roles are as stated there and may be out of date.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
| International Bank of Commerce PPP 2020 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $53K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cher Oil Company, Ltd
Cher Oil Company, Ltd is a crude petroleum extraction company in Ripley, Oklahoma, in business since 2002. Its estimated annual revenue is about $14.3M, with roughly $3.5M of EBITDA. It has about 4 employees. Its estimated business value is $16.4M (likely range $8.7M–$22.5M).
Common questions
- Who owns Cher Oil Company, Ltd?
- The owner of Cher Oil Company, Ltd 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 Cher Oil Company, Ltd make?
- SeeBITDA estimates Cher Oil Company, Ltd's annual revenue at about $14.3M (likely between $9.4M and $16.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cher Oil Company, Ltd worth?
- About $16.4M, roughly 4.7× its estimated EBITDA of $3.5M, typical for a crude petroleum extraction company its size. Likely range: $8.7M–$22.5M.
- How many employees does Cher Oil Company, Ltd have?
- About 4, as reported on its PPP loan.
- When was Cher Oil Company, Ltd founded?
- Cher Oil Company, Ltd has been in business since 2002.