Cleveland Lease Service Inc.
How we got $13.4M
Based on its 27 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| CLEVELAND LEASE SERVICE INC. this business | $12.5M | — |
| SMITH'S PUMP & SUPPLY LLC Cleveland · 4 employees | $1.4M | 1.1 mi |
| MACKEY CONSULTING & LEASING LLC Cleveland · 2 employees | $1.1M | 3.0 mi |
| OSAGE WIRELINE INC Cleveland · 10 employees | $4.2M | 3.0 mi |
| SHAMROCK OPERATING COMPANY, LLC Cleveland · 6 employees | $1.8M | 3.6 mi |
| W & W OIL COMPANY, LLC Cleveland · 3 employees | $1.6M | 3.9 mi |
| BYERS & PARTNERS, LLC Cleveland | $13.4M | 4.7 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.0M |
| Estimate: the two combined (geometric mean) | $12.5M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.1M |
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 | $13.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $7.1M – $18.4M |
| Revenue range | $8.2M – $14.3M |
| EBITDA range | $2.0M – $3.5M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020, PPP 2021 | All 446 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 | $284K | 27 |
| 1/20/2021 | second | $284K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cleveland Lease Service Inc.
Cleveland Lease Service Inc. is an oil & gas company in Cleveland, Oklahoma, in business since 1999. Its estimated annual revenue is about $12.5M, with roughly $3.1M of EBITDA. It has about 27 employees. Its estimated business value is $13.4M (likely range $7.1M–$18.4M).
Common questions
- Who owns Cleveland Lease Service Inc.?
- The owner of Cleveland Lease Service Inc. 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 Cleveland Lease Service Inc. make?
- SeeBITDA estimates Cleveland Lease Service Inc.'s annual revenue at about $12.5M (likely between $8.2M and $14.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cleveland Lease Service Inc. worth?
- About $13.4M, roughly 4.4× its estimated EBITDA of $3.1M, typical for a oil & gas company its size. Likely range: $7.1M–$18.4M.
- How many employees does Cleveland Lease Service Inc. have?
- About 27, as reported on its PPP loan.
- When was Cleveland Lease Service Inc. founded?
- Cleveland Lease Service Inc. has been in business since 1999.