How we got $6.4M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| FLOFUEL this business | $6.4M | — |
| R&K SUPERETTE LLC Elk City · 3 employees | $941K | 0.1 mi |
| JKM VENTURES, INC Elk City · 12 employees | $5.2M | 0.1 mi |
| GREAT PLAINS ANALYTICAL SERVICES, INC. Elk City · 73 employees | $35.8M | 0.4 mi |
| GAS LDAR, LLC Elk City · 10 employees | $3.0M | 0.4 mi |
| LIBERTY TRANSPORTATION Elk City · 6 employees | $3.2M | 0.4 mi |
| GOLD BUCKLE SERVICES LLC Elk City · 5 employees | $2.2M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.0M |
| Estimate: the two combined (geometric mean) | $6.4M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.8M |
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 | $6.4M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.4M – $8.7M |
| Revenue range | $4.2M – $7.3M |
| EBITDA range | $1.2M – $2.0M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
History & advisors
Advisors
- BankingBank of Western OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| Bank of Western Oklahoma PPP 2020 | All 200 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $183K | 15 |
About Flofuel
Flofuel is an oil & gas company in Elk City, Oklahoma. Its estimated annual revenue is about $6.4M, with roughly $1.8M of EBITDA. It has about 15 employees. Its estimated business value is $6.4M (likely range $3.4M–$8.7M).
Common questions
- Who owns Flofuel?
- The owner of Flofuel isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Flofuel make?
- SeeBITDA estimates Flofuel's annual revenue at about $6.4M (likely between $4.2M and $7.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Flofuel worth?
- About $6.4M, roughly 3.6× its estimated EBITDA of $1.8M, typical for a oil & gas company its size. Likely range: $3.4M–$8.7M.
- How many employees does Flofuel have?
- About 15, as reported on its PPP loan.