Eurocraft Ltd.
- Hjorny SkaftasonDaughter of founder; oversees daily operations · Company website
- Ryan PhillipsSon-in-law of founder; oversees daily operations · Company website
- Kayla HillSigns company filings · Form 5500 (2022)
How we got $2.2M
Based on its 23 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 33% 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
▼ 26% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 23 | $5.5M |
| 2020 | Form 5500 | 20 | $4.8M |
| 2021 | Form 5500 | 18 | $4.3M |
| 2022 | Form 5500 | 20 | $4.8M |
| 2023 | Form 5500 | 17 | $4.1M |
| 2024 | Form 5500 | 17 | $4.1M |
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.
What we know
Signs of a sale Unlikely to sell soon
- Family in the business (Hjorny Skaftason, Daughter of founder; oversees daily operations)
From public records and the company's website, not a statement that it's for sale.
What they do
Eurocraft Granite is a family-owned natural stone business in Tulsa, Oklahoma, selling stone slabs and providing fabrication and installation for homes and businesses. It has served Tulsa and surrounding communities for 40 years.
From the company's website. Industry: Other Foundation, Structure, and Building Exterior Contractors.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- SIMMONS HOMES, LLC · Owasso, 27 mi · $269.8M
- SHAW HOMES, INC. · Broken Arrow, 14 mi · $240.3M
- IRA M. GREEN CONSTRUCTION COMPANY · Claremore, 38 mi · $93.3M
- FOREST RIDGE DEVELOPMENT · Broken Arrow, 20 mi · $61.8M
- EXECUTIVE HOMES, LLC · Tulsa, 12 mi · $54.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EUROCRAFT LTD. this business | $8.5M | — |
| ON-DECK Roofing Glenpool | $2.2M | 1.4 mi |
| WITZEL CONSTRUCTION LLC Glenpool · 1 employees | $427K | 1.7 mi |
| Wounded Warrior Roofing Bixby | $4.4M | 2.7 mi |
| RAINY DAY SOLUTIONS LLC Kiefer · 1 employees | $630K | 2.8 mi |
| MAXX ROOFING & CONSTRUCTION LLC Bixby · 1 employees | $922K | 3.0 mi |
| RENEWED ROOFING & REMODELING LLC Kiefer · 1 employees | $1.0M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.7M |
| Estimate: the two combined (geometric mean) | $8.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $793K |
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 | $2.2M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.2M – $3.0M |
| Revenue range | $5.6M – $9.7M |
| EBITDA range | $522K – $904K |
| Industry (NAICS) | Other Foundation, Structure, and Building Exterior Contractors (238190) |
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
“Founder Johann Skaftason, a journeyman mason with a lifelong dedication to stonework, leads the family-run business alongside his daughter, Hjorny Skaftason, and son-in-law, Ryan Phillips, who oversee daily operations.”
Advisors
- BankingGrand 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
| Grand Bank PPP 2020, PPP 2021 | All 407 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 | $232K | 23 |
| 1/16/2021 | second | $246K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eurocraft Ltd.
Eurocraft Ltd. is a family-owned other foundation, structure, and building exterior contractors company in Glenpool, Oklahoma, in business since 2014. It is owned by Johann Skaftason (Founder). Its estimated annual revenue is about $8.5M, with roughly $793K of EBITDA. It has about 17 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Eurocraft Ltd.?
- Eurocraft Ltd. is owned by Johann Skaftason (Founder), according to public sources such as the company's website or filings.
- How much revenue does Eurocraft Ltd. make?
- SeeBITDA estimates Eurocraft Ltd.'s annual revenue at about $8.5M (likely between $5.6M and $9.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eurocraft Ltd. worth?
- About $2.2M, roughly 2.8× its estimated EBITDA of $793K, typical for a other foundation, structure, and building exterior contractors company its size. Likely range: $1.2M–$3.0M.
- How many employees does Eurocraft Ltd. have?
- About 17, from its 2024 retirement-plan filing.
- When was Eurocraft Ltd. founded?
- Eurocraft Ltd. has been in business since 2014.