Elite Appliance LLC
- Matt SultzerOffice Manager/ Technician · Company website
How we got $264K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 38% 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
What they do
Elite Appliance Service LLC of Grove, OK offers repair and maintenance for major home appliances, serving residential customers since 2010.
From the company's website. Industry: Appliance Repair and Maintenance.
Customers & suppliers
Suppliers & brands
- Whirlpool · brand it sells or installs
- Electrolux · brand it sells or installs
- Frigidaire · brand it sells or installs
- GE · brand it sells or installs
- Bosch · brand it sells or installs
- Samsung · brand it sells or installs
- LG · brand it sells or installs
- Speed Queen · brand it sells or installs
- Viking · brand it sells or installs
- Sub-Zero · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELITE APPLIANCE LLC this business | $652K | — |
| WRIGHT'S MARINE SERVICE, LLC Grove · 3 employees | $736K | 2.0 mi |
| AMERICAN COVERS LLC Grove · 3 employees | $583K | 5.3 mi |
| MJ MOBILE MOWER REPAIR MORE LLC Wyandotte · 2 employees | $610K | 12.2 mi |
| Howard Classic Boats Vinita | $45.0M | 18.0 mi |
| CLAREMORE APPLIANCE REPAIR LLC Claremore · 2 employees | $500K | 42.7 mi |
| OWENS SERVICE & REPAIR LLC Tahlequah · 1 employees | $205K | 52.3 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $634K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $516K |
| Estimate: the two combined (geometric mean) | $652K |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $105K |
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 | $264K |
| Multiple for this size and industry | 2.5× |
| Value range | $139K – $361K |
| Revenue range | $429K – $744K |
| EBITDA range | $69K – $120K |
| Industry (NAICS) | Appliance Repair and Maintenance (811412) |
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. 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
- 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 |
|---|---|---|---|
| 5/14/2020 | first | $16K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elite Appliance LLC
Elite Appliance LLC is an appliance repair and maintenance company in Grove, Oklahoma, in business since 2010. It is owned by Brian Sultzer. Its estimated annual revenue is about $652K, with roughly $105K of EBITDA. It has about 3 employees. Its estimated business value is $264K (likely range $139K–$361K).
Common questions
- Who owns Elite Appliance LLC?
- Elite Appliance LLC is owned by Brian Sultzer, according to public sources such as the company's website or filings.
- How much revenue does Elite Appliance LLC make?
- SeeBITDA estimates Elite Appliance LLC's annual revenue at about $652K (likely between $429K and $744K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elite Appliance LLC worth?
- About $264K, roughly 2.5× its estimated EBITDA of $105K, typical for a appliance repair and maintenance company its size. Likely range: $139K–$361K.
- How many employees does Elite Appliance LLC have?
- About 3, as reported on its PPP loan.
- When was Elite Appliance LLC founded?
- Elite Appliance LLC has been in business since 2010.