Elgin Propane, Inc
How we got $338K
Based on 3 employees reported for PPP in 2020, grown 8% a year since.
Estimated value over time
▲ 103% 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 Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELGIN PROPANE, INC this business | $1.5M | — |
| SOONER STATE PROPANE LLC Elgin · 2 employees | $978K | 3.1 mi |
| OBERLE ENTERPRISES LLC Fletcher · 1 employees | $489K | 10.5 mi |
| SHAW HOME GOODS Lawton · 10 employees | $4.9M | 11.8 mi |
| STYLL IMAGES, LLC Marlow · 4 employees | $2.0M | 23.5 mi |
| MCSPERITT SERVICES.LLC Carnegie · 1 employees | $489K | 25.0 mi |
| MOTIONWORKS INDUSTRIAL SAFETY LLC Chickasha · 3 employees | $1.5M | 27.7 mi |
Ranges & sources
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $127K – $219K |
| Industry (NAICS) | Retail Trade (454310) |
| Value range | $203K – $527K |
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
History & advisors
Advisors
- BankingLiberty National 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 Roles are as stated there and may be out of date.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
| Liberty National Bank PPP 2020 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $19K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elgin Propane, Inc
Elgin Propane, Inc is a retail trade company in Elgin, Oklahoma, in business since 2002. It is owned by Brian Cudd. Its estimated annual revenue is about $1.5M, with roughly $169K of EBITDA. It has about 3 employees. Its estimated business value is $338K (likely range $203K–$527K).
Common questions
- Who owns Elgin Propane, Inc?
- Elgin Propane, Inc is owned by Brian Cudd, according to public sources such as the company's website or filings.
- How much revenue does Elgin Propane, Inc make?
- SeeBITDA estimates Elgin Propane, Inc's annual revenue at about $1.5M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elgin Propane, Inc worth?
- About $338K, roughly 2× its estimated EBITDA of $169K, typical for a retail trade company its size. Likely range: $203K–$527K.
- How many employees does Elgin Propane, Inc have?
- About 3, as reported on its PPP loan.
- When was Elgin Propane, Inc founded?
- Elgin Propane, Inc has been in business since 2002.