Cherokee Builders, Inc.
How we got $26.6M
Based on its 72 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 31 years (since 1995)
- Founder still runs it after 31 years
- Headcount down 88% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Cherokee Builders, Inc. is a woman-owned company that provides total site construction packages, including earthwork, site utilities, and site concrete and paving, for residential, commercial, industrial, and governmental projects. It focuses on bid and negotiated work within a 250-mile radius of Tulsa, Oklahoma.
From the company's website. Industry: Building material and supplies dealers.
Customers & suppliers
Customers
- Macy's Distribution Center · named on its website
- Oklahoma State University · named on its website
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.
Employees over time
▼ 93% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 72 | $24.9M |
| 2020 | Form 5500 | 40 | $13.8M |
| 2021 | Form 5500 | 37 | $12.8M |
| 2022 | Form 5500 | 42 | $14.5M |
| 2023 | Form 5500 | 42 | $14.5M |
| 2024 | Form 5500 | 5 | $1.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CHEROKEE BUILDERS, INC. this business | $57.3M | — |
| SPECTRUM PAINT EAST, LLC Tulsa · 159 employees | $99.1M | 1.7 mi |
| SPECTRUM PAINT COMPANY, INC. Tulsa · 309 employees | $192.7M | 1.7 mi |
| TILE BY TONY, INC. Catoosa · 7 employees | $3.1M | 2.3 mi |
| FENCETRAC FENCE SYSTEMS, INC. Tulsa · 4 employees | $1.8M | 3.7 mi |
| HUGHES LUMBER COMPANY Catoosa | $39.6M | 3.9 mi |
| DAY ENTERPRISES INC Tulsa · 12 employees | $6.8M | 6.9 mi |
The full calculation
| Employees reported to the SBA | 72 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $39.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $64.7M |
| Estimate: the two combined (geometric mean) | $57.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $5.1M |
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 | $26.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $14.0M – $36.3M |
| Revenue range | $37.7M – $65.4M |
| EBITDA range | $3.4M – $5.8M |
| Industry (NAICS) | Building material and supplies dealers (444190) |
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
“Cherokee Builders, Inc. was formed in 1995 in Claremore, OK when Dick McNair saw that northeast Oklahoma needed a different kind of earthwork contractor – one that could operate efficiently with impeccable ethics and safety awareness.”
Advisors
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 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 | $899K | 72 |
| 1/23/2021 | second | $899K | 51 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cherokee Builders, Inc.
Cherokee Builders, Inc. is a building material and supplies dealers company in Tulsa, Oklahoma, in business since 1995. It is owned by Dick McNair (Founder). Its estimated annual revenue is about $57.3M, with roughly $5.1M of EBITDA. It has about 5 employees. Its estimated business value is $26.6M (likely range $14.0M–$36.3M).
Common questions
- Who owns Cherokee Builders, Inc.?
- Cherokee Builders, Inc. is owned by Dick McNair (Founder), according to public sources such as the company's website or filings.
- How much revenue does Cherokee Builders, Inc. make?
- SeeBITDA estimates Cherokee Builders, Inc.'s annual revenue at about $57.3M (likely between $37.7M and $65.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cherokee Builders, Inc. worth?
- About $26.6M, roughly 5.2× its estimated EBITDA of $5.1M, typical for a building material and supplies dealers company its size. Likely range: $14.0M–$36.3M.
- How many employees does Cherokee Builders, Inc. have?
- About 5, from its 2024 retirement-plan filing.
- When was Cherokee Builders, Inc. founded?
- Cherokee Builders, Inc. has been in business since 1995.
- Is Cherokee Builders, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 31 years (since 1995); founder still runs it after 31 years; headcount down 88% since 2022 (retirement plan filings).