Ej's Heating & Air Conditioning, Inc.
How we got $1.1M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Likely to sell
- In business 48 years (since 1978)
- Founder still runs it after 48 years
From public records and the company's website, not a statement that it's for sale.
What they do
EJ's Heating & Air is a family owned and operated HVAC company in Oklahoma City that provides repair, installation, sales and service of heating and air conditioning systems for residential and light commercial projects.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- American Standard · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EJ'S HEATING & AIR CONDITIONING, INC. this business | $4.4M | — |
| TPC HEATING & AIR CONDITIONING, LLC Oklahoma City · 9 employees | $2.3M | 0.0 mi |
| ELIZONDO AIR MANAGEMENT SOLUTIONS LLC Oklahoma City · 2 employees | $566K | 0.5 mi |
| STREETS, LLC Oklahoma City · 87 employees | $44.1M | 0.6 mi |
| EXPERT SERVICES INC. Oklahoma City · 7 employees | $2.0M | 0.6 mi |
| KCR WELDING, INC. Oklahoma City · 11 employees | $4.7M | 0.6 mi |
| W & W ELECTRIC MOTOR SERVICE, INC Oklahoma City · 5 employees | $1.5M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.2M |
| Estimate: the two combined (geometric mean) | $4.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $465K |
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 | $1.1M |
| Multiple for this size and industry | 2.4× |
| Value range | $587K – $1.5M |
| Revenue range | $2.9M – $5.0M |
| EBITDA range | $306K – $530K |
| 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
History & advisors
“Although Earl has since passed the torch to his sons, Mike and Larry, the backbone of the company remains the same: integrity and transparency guides the process of assessing and correcting whatever your HVAC system require.”
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 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 | $110K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ej's Heating & Air Conditioning, Inc.
Ej's Heating & Air Conditioning, Inc. is a family-owned plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 1978. It is owned by Earl Tubbs (Founder). Its estimated annual revenue is about $4.4M, with roughly $465K of EBITDA. It has about 18 employees. Its estimated business value is $1.1M (likely range $587K–$1.5M).
Common questions
- Who owns Ej's Heating & Air Conditioning, Inc.?
- Ej's Heating & Air Conditioning, Inc. is owned by Earl Tubbs (Founder), according to public sources such as the company's website or filings.
- How much revenue does Ej's Heating & Air Conditioning, Inc. make?
- SeeBITDA estimates Ej's Heating & Air Conditioning, Inc.'s annual revenue at about $4.4M (likely between $2.9M and $5.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ej's Heating & Air Conditioning, Inc. worth?
- About $1.1M, roughly 2.4× its estimated EBITDA of $465K, typical for a plumbing, heating & air company its size. Likely range: $587K–$1.5M.
- How many employees does Ej's Heating & Air Conditioning, Inc. have?
- About 18, as reported on its PPP loan.
- When was Ej's Heating & Air Conditioning, Inc. founded?
- Ej's Heating & Air Conditioning, Inc. has been in business since 1978.
- Is Ej's Heating & Air Conditioning, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 48 years (since 1978); founder still runs it after 48 years.