First Maintenance Company
How we got $7.1M
Based on its 200 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 8% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FIRST MAINTENANCE COMPANY this business | $19.8M | — |
| BROTHERS COMMERCIAL CARPET, INC. Oklahoma City · 8 employees | $1.1M | 0.1 mi |
| AERO CLEANING INC. Oklahoma City · 9 employees | $1.2M | 0.5 mi |
| Coverall Of Oklahoma Oklahoma City | $935K | 0.6 mi |
| Safeair Duct Solutions Oklahoma City | $935K | 0.7 mi |
| Havenyield Landscape Oklahoma City | $935K | 0.7 mi |
| Arbor Tree Care Oklahoma City | $935K | 0.7 mi |
The full calculation
| Employees reported to the SBA | 200 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.1M |
| Estimate: the two combined (geometric mean) | $19.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.7M |
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 | $7.1M |
| Multiple for this size and industry | 4.1× |
| Value range | $3.7M – $9.7M |
| Revenue range | $13.0M – $22.5M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Janitorial Services (561720) |
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
People & advisors
Advisors
- BankingSovereign 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 Roles are as stated there and may be out of date.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
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $1.1M | 200 |
2 locations
| 208 NW 60th | Oklahoma City | This listing |
| 3158 S 108th East Ave Ste 250 Ste 250 | Tulsa | 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 First Maintenance Company
First Maintenance Company is a commercial cleaning & janitorial company in Oklahoma City, Oklahoma, in business since 2006. It is owned by Robert Lewis. Its estimated annual revenue is about $19.8M, with roughly $1.7M of EBITDA. It has about 200 employees. Its estimated business value is $7.1M (likely range $3.7M–$9.7M). It has 2 locations.
Common questions
- Who owns First Maintenance Company?
- First Maintenance Company is owned by Robert Lewis, according to public sources such as the company's website or filings.
- How much revenue does First Maintenance Company make?
- SeeBITDA estimates First Maintenance Company's annual revenue at about $19.8M (likely between $13.0M and $22.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is First Maintenance Company worth?
- About $7.1M, roughly 4.1× its estimated EBITDA of $1.7M, typical for a commercial cleaning & janitorial company its size. Likely range: $3.7M–$9.7M.
- How many employees does First Maintenance Company have?
- About 200, as reported on its PPP loan.
- When was First Maintenance Company founded?
- First Maintenance Company has been in business since 2006.