Cris Choate Welding Inc.
How we got $212K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 23% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CRIS CHOATE WELDING INC. this business | $743K | — |
| HARAK WELDING & FABRICATION, LLC Hennessey · 1 employees | $521K | 6.4 mi |
| DOUBLE K SERVICES LLC Hennessey · 1 employees | $504K | 7.2 mi |
| GRADE WORK CONSTRUCTION, LLC Hennessey · 5 employees | $2.3M | 8.8 mi |
| HORN CUSTOM DIRT WORK INC Dover · 4 employees | $1.4M | 13.3 mi |
| HORN CUSTOM DIRTWORK INC Dover · 5 employees | $1.5M | 13.3 mi |
| EWING TRENCHING SERVICE, INC Drummond · 3 employees | $1.5M | 15.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $881K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $481K |
| Estimate: the two combined (geometric mean) | $743K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $112K |
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 | $212K |
| Multiple for this size and industry | 1.9× |
| Value range | $112K – $290K |
| Revenue range | $489K – $847K |
| EBITDA range | $73K – $127K |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
- BankingCommunity State 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 Roles are as stated there and may be out of date.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
| The Community State Bank PPP 2020 | All 167 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $11K | 2 |
About Cris Choate Welding Inc.
Cris Choate Welding Inc. is a fencing, siding & exterior company in Hennessey, Oklahoma. Its estimated annual revenue is about $743K, with roughly $112K of EBITDA. It has about 2 employees. Its estimated business value is $212K (likely range $112K–$290K).
Common questions
- Who owns Cris Choate Welding Inc.?
- The owner of Cris Choate Welding 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 Cris Choate Welding Inc. make?
- SeeBITDA estimates Cris Choate Welding Inc.'s annual revenue at about $743K (likely between $489K and $847K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cris Choate Welding Inc. worth?
- About $212K, roughly 1.9× its estimated EBITDA of $112K, typical for a fencing, siding & exterior company its size. Likely range: $112K–$290K.
- How many employees does Cris Choate Welding Inc. have?
- About 2, as reported on its PPP loan.