Earnest Heat & Air Inc
How we got $1.2M
Based on its 13 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 15 years (since 2011)
- Headcount down 32% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Earnest Heat & Air is an HVAC contractor in Bartlesville, Oklahoma that installs, repairs and maintains air conditioning and heating systems for homes and businesses.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Trane · brand it sells or installs
- ClimateMaster · brand it sells or installs
- Mitsubishi Electric · brand it sells or installs
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.
Employees over time
▲ 15% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 13 | $2.7M |
| 2020 | Form 5500 | 14 | $2.9M |
| 2021 | Form 5500 | 18 | $3.7M |
| 2022 | Form 5500 | 22 | $4.5M |
| 2023 | Form 5500 | 19 | $3.9M |
| 2024 | Form 5500 | 15 | $3.1M |
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 |
|---|---|---|
| EARNEST HEAT & AIR INC this business | $4.7M | — |
| Cornerstone Electric Llc Bartlesville | $1.8M | 0.5 mi |
| MASON'S PLUMBING, INC. Bartlesville · 8 employees | $2.3M | 0.6 mi |
| C & S AIR, INC Bartlesville · 7 employees | $2.2M | 0.6 mi |
| FARRIS HEATING AND AIR CONDITIONING, INC. Bartlesville · 5 employees | $1.4M | 0.6 mi |
| LONG & BURTON PLUMBING CO., INC. Bartlesville · 2 employees | $406K | 0.7 mi |
| Cummins Heating & Air Dewey | $1.8M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.1M |
| Estimate: the two combined (geometric mean) | $4.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $497K |
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 | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $628K – $1.6M |
| Revenue range | $3.1M – $5.4M |
| EBITDA range | $327K – $567K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 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 | $174K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Earnest Heat & Air Inc
Earnest Heat & Air Inc is a plumbing, heating & air company in Bartlesville, Oklahoma, in business since 2011. Its estimated annual revenue is about $4.7M, with roughly $497K of EBITDA. It has about 15 employees. Its estimated business value is $1.2M (likely range $628K–$1.6M).
Common questions
- Who owns Earnest Heat & Air Inc?
- The owner of Earnest Heat & Air 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 Earnest Heat & Air Inc make?
- SeeBITDA estimates Earnest Heat & Air Inc's annual revenue at about $4.7M (likely between $3.1M and $5.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Earnest Heat & Air Inc worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $497K, typical for a plumbing, heating & air company its size. Likely range: $628K–$1.6M.
- How many employees does Earnest Heat & Air Inc have?
- About 15, from its 2024 retirement-plan filing.
- When was Earnest Heat & Air Inc founded?
- Earnest Heat & Air Inc has been in business since 2011.