Coates Roofing Company, Inc.
- Brian CoatesCo-founder; sole owner from 2017 until his death in 2023 · Company website
How we got $5.6M
Based on its 55 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 41 years (since 1985)
- Family in the business (Brian Coates, Co-founder; sole owner from 2017 until his death in 2023)
From public records and the company's website, not a statement that it's for sale.
What they do
Coates Roofing Company, Inc. is a commercial roofing contractor in Seminole, Oklahoma, serving customers across six states and having completed commercial projects in 42 states.
From the company's website. Industry: Roofing.
Customers & suppliers
Customers
- Mercedes-Benz Stadium · named on its website
- U-haul · named on its website
Suppliers & brands
- Johns Manville · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- J AND S DISTRIBUTIONS LLC · Oklahoma City, 47 mi · $8.6M
- 190 SELF STORAGE MANAGEMENT CO, INC. · Mustang, 62 mi · $8.3M
- ACE TRANSFER & STORAGE CO · Oklahoma City, 49 mi · $7.7M
- ENCORE FULFILLMENT LLC · Oklahoma City, 52 mi · $7.0M
- Midcon Data Services · Oklahoma City, 52 mi · $4.3M
- LAWSON RETAIL OPERATIONS · Norman, 46 mi · $1.05B
- MCV ENTERPRISES, LLC · Oklahoma City, 56 mi · $1.02B
- IMAGENET CONSULTING LLC · Oklahoma City, 52 mi · $1.01B
- AVP METRO PETROLEUM LLC · Tulsa, 72 mi · $777.2M
- SGII, INC. · Sapulpa, 59 mi · $608.3M
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 18 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 58 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 53 mi · $71.2M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 73 mi · $68.9M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 50 mi · $58.3M
Estimated value over time
▲ 32% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 55 | $18.7M |
| 2020 | Form 5500 | 20 | $6.8M |
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 |
|---|---|---|
| COATES ROOFING COMPANY, INC. this business | $19.0M | — |
| H BRUCE COATES ROOFING LLC Seminole · 13 employees | $8.0M | 0.0 mi |
| ARV SHEETMETAL & ROOFING LLC Seminole · 10 employees | $3.3M | 9.1 mi |
| VEGA ROOFING OF OKLAHOMA, VEGA SHEET METAL & ROOFING Seminole · 10 employees | $3.3M | 9.1 mi |
| HIGGINS & SONS ROOF TRUSS COMPANY INC Tecumseh · 19 employees | $10.9M | 11.9 mi |
| WHITE EAGLE MASONRY LLC Konawa · 15 employees | $4.3M | 13.8 mi |
| DIAMOND B SERVICES, LLC Tecumseh · 2 employees | $1.1M | 15.3 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $26.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.6M |
| Estimate: the two combined (geometric mean) | $19.0M |
| EBITDA margin (industry, adjusted for size) | 9% |
| 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 | $5.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.9M – $7.7M |
| Revenue range | $12.5M – $21.6M |
| EBITDA range | $1.1M – $1.9M |
| Industry (NAICS) | Roofing Contractors (238160) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingSecurity State Bank of OklahomaPPP / 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
| Security State Bank of Oklahoma PPP 2020, PPP 2021 | All 154 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $227K | 25 |
| 1/14/2021 | second | $227K | 55 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Coates Roofing Company, Inc.
Coates Roofing Company, Inc. is a family-owned roofing company in Seminole, Oklahoma, in business since 1985. It is owned by Rhonda Coates (President). Its estimated annual revenue is about $19.0M, with roughly $1.6M of EBITDA. It has about 20 employees. Its estimated business value is $5.6M (likely range $2.9M–$7.7M).
Common questions
- Who owns Coates Roofing Company, Inc.?
- Coates Roofing Company, Inc. is owned by Rhonda Coates (President), according to public sources such as the company's website or filings.
- How much revenue does Coates Roofing Company, Inc. make?
- SeeBITDA estimates Coates Roofing Company, Inc.'s annual revenue at about $19.0M (likely between $12.5M and $21.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Coates Roofing Company, Inc. worth?
- About $5.6M, roughly 3.4× its estimated EBITDA of $1.6M, typical for a roofing company its size. Likely range: $2.9M–$7.7M.
- How many employees does Coates Roofing Company, Inc. have?
- About 20, from its 2020 retirement-plan filing.
- When was Coates Roofing Company, Inc. founded?
- Coates Roofing Company, Inc. has been in business since 1985.