Covey & Covey Farms
How we got $584K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 31% 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 |
|---|---|---|
| COVEY & COVEY FARMS this business | $1.4M | — |
| LEE FARMS INC Custer City · 4 employees | $2.2M | 12.3 mi |
| HZM FARMS LLC Custer City · 1 employees | $611K | 14.5 mi |
| BAR LAZY B INC Weatherford · 2 employees | $1.3M | 16.5 mi |
| M & J FARMS LLC Hydro · 3 employees | $1.9M | 19.2 mi |
| ROOTS 66 SOD FARM, LLC Elk City · 8 employees | $3.6M | 21.3 mi |
| PAYNE FARMS AND CATTLE COMPANY Thomas · 14 employees | $7.0M | 24.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 17% |
| EBITDA = revenue × margin | $233K |
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 | $584K |
| Multiple for this size and industry | 2.5× |
| Value range | $307K – $799K |
| Revenue range | $900K – $1.6M |
| EBITDA range | $154K – $266K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (111140) |
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: approximate sector default. 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
- BankingFirst Bank and Trust of Memphis, Bank360PPP / 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 Roles are as stated there and may be out of date.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
| BANK360 PPP 2021 | All 61 borrowers → |
| First Bank and Trust of Memphis PPP 2020 | All 78 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 | $20K | 2 |
| 2/1/2021 | second | $22K | 2 |
About Covey & Covey Farms
Covey & Covey Farms is an agriculture, forestry, fishing company in Clinton, Oklahoma. Its estimated annual revenue is about $1.4M, with roughly $233K of EBITDA. It has about 2 employees. Its estimated business value is $584K (likely range $307K–$799K).
Common questions
- Who owns Covey & Covey Farms?
- The owner of Covey & Covey Farms 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 Covey & Covey Farms make?
- SeeBITDA estimates Covey & Covey Farms's annual revenue at about $1.4M (likely between $900K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covey & Covey Farms worth?
- About $584K, roughly 2.5× its estimated EBITDA of $233K, typical for a agriculture, forestry, fishing company its size. Likely range: $307K–$799K.
- How many employees does Covey & Covey Farms have?
- About 2, as reported on its PPP loan.