Circle K Steel Building Construction, LLC
How we got $7.4M
Based on its 33 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
Circle K Steel Buildings provides custom rigid-frame and weld-up steel building packages in Oklahoma and surrounding states, producing residential, commercial, or agricultural metal buildings.
From the company's website. Industry: Prefabricated Metal Building and Component Manufacturing.
Estimated value over time
▲ 36% 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 |
|---|---|---|
| CIRCLE K STEEL BUILDING CONSTRUCTION, LLC this business | $14.7M | — |
| BROWN AND HUBERT CONTRACTING LLC Prague · 5 employees | $1.9M | 4.2 mi |
| WESCO STEEL BUILDING AND CONSTRUCTION LLC Prague · 1 employees | $778K | 9.5 mi |
| WESCO STEEL BUILDINGS AND CONSTRUCTION Prague · 4 employees | $3.1M | 9.5 mi |
| CENTRAL EXPANDED METAL, INC. Chandler · 71 employees | $32.2M | 20.2 mi |
| SHAWNEE FABRICATORS, INC. Shawnee · 48 employees | $33.6M | 21.7 mi |
| INDACO METALS, LLC Shawnee · 46 employees | $27.4M | 21.7 mi |
The full calculation
| Employees reported to the SBA | 33 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.1M |
| Estimate: the two combined (geometric mean) | $14.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.6M |
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 | $7.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.9M – $10.1M |
| Revenue range | $9.7M – $16.8M |
| EBITDA range | $1.0M – $1.8M |
| Industry (NAICS) | Prefabricated Metal Building and Component Manufacturing (332311) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $190K | 33 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Circle K Steel Building Construction, LLC
Circle K Steel Building Construction, LLC is a prefabricated metal building and component manufacturing company in Paden, Oklahoma, in business since 2007. It is owned by Frank Kornelsen. Its estimated annual revenue is about $14.7M, with roughly $1.6M of EBITDA. It has about 33 employees. Its estimated business value is $7.4M (likely range $3.9M–$10.1M).
Common questions
- Who owns Circle K Steel Building Construction, LLC?
- Circle K Steel Building Construction, LLC is owned by Frank Kornelsen, according to public sources such as the company's website or filings.
- How much revenue does Circle K Steel Building Construction, LLC make?
- SeeBITDA estimates Circle K Steel Building Construction, LLC's annual revenue at about $14.7M (likely between $9.7M and $16.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Circle K Steel Building Construction, LLC worth?
- About $7.4M, roughly 4.7× its estimated EBITDA of $1.6M, typical for a prefabricated metal building and component manufacturing company its size. Likely range: $3.9M–$10.1M.
- How many employees does Circle K Steel Building Construction, LLC have?
- About 33, as reported on its PPP loan.
- When was Circle K Steel Building Construction, LLC founded?
- Circle K Steel Building Construction, LLC has been in business since 2007.