Enid Iron & Metal, Inc.
How we got $3.1M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 46% 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 Some signs of a sale
- In business 52 years (since 1974)
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 |
|---|---|---|
| ENID IRON & METAL, INC. this business | $8.8M | — |
| Horizon Structures, Llc. Enid | $3.0M | 0.1 mi |
| LYNN'S MACHINE INC Enid · 10 employees | $3.1M | 1.3 mi |
| LYNNS MACHINE INC Enid · 10 employees | $2.8M | 1.3 mi |
| PARRISH ENTERPRISES, LTD. Enid · 297 employees | $138.2M | 1.4 mi |
| B-B MACHINE SHOP INC Enid · 5 employees | $1.8M | 1.6 mi |
| BB MACHINE & SUPPLY Enid · 5 employees | $1.8M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.9M |
| Estimate: the two combined (geometric mean) | $8.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $785K |
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 | $3.1M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.6M – $4.2M |
| Revenue range | $5.8M – $10.1M |
| EBITDA range | $517K – $895K |
| Industry (NAICS) | Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding (331491) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingFirst Bank & 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 Bank and Trust Co PPP 2020, PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $78K | 15 |
| 1/23/2021 | second | $78K | 18 |
2 locations
| 1202 N 30TH ST | Enid | This listing |
| 1002 5th St | Woodward | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Enid Iron & Metal, Inc.
Enid Iron & Metal, Inc. is a nonferrous metal (except copper and aluminum) rolling, drawing, and extruding company in Enid, Oklahoma, in business since 1974. It is owned by John Boone. Its estimated annual revenue is about $8.8M, with roughly $785K of EBITDA. It has about 18 employees. Its estimated business value is $3.1M (likely range $1.6M–$4.2M). It has 2 locations.
Common questions
- Who owns Enid Iron & Metal, Inc.?
- Enid Iron & Metal, Inc. is owned by John Boone, according to public sources such as the company's website or filings.
- How much revenue does Enid Iron & Metal, Inc. make?
- SeeBITDA estimates Enid Iron & Metal, Inc.'s annual revenue at about $8.8M (likely between $5.8M and $10.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Enid Iron & Metal, Inc. worth?
- About $3.1M, roughly 3.9× its estimated EBITDA of $785K, typical for a nonferrous metal (except copper and aluminum) rolling, drawing, and extruding company its size. Likely range: $1.6M–$4.2M.
- How many employees does Enid Iron & Metal, Inc. have?
- About 18, as reported on its PPP loan.
- When was Enid Iron & Metal, Inc. founded?
- Enid Iron & Metal, Inc. has been in business since 1974.