Floodserv, Inc.
How we got $22.4M
Based on its 9 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 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
FloodSERV is a 24/7 water, fire and mold restoration company in McAlester, OK, serving homes and businesses across southeast Oklahoma, and also offers professional cleaning services.
From the company's website. Industry: Tobacco Manufacturing.
Customers & suppliers
Customers
- USPS · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- BELFAIR OF MCALESTER LLC · Mcalester, 1 mi · $95.3M
- MARK'S CONSTRUCTION LLC · Wilburton, 26 mi · $21.5M
- C K RESTORATION, LLC · Muskogee, 61 mi · $13.3M
- HOOKIT LLC · Oktaha, 49 mi · $13.0M
- TIMOTHY MITCHELL · Mcalester, 10 mi · $13.0M
Estimated value over time
▲ 53% 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 |
|---|---|---|
| FLOODSERV, INC. this business | $25.6M | — |
| Whispering Meadows Vineyards Mcalester | $3.5M | 0.2 mi |
| Wild Hare Wine Trail Mcalester | $3.5M | 0.2 mi |
| STOBAUGH WINE GROUP Mcalester · 5 employees | $2.0M | 0.3 mi |
| Urban Wineworks Mcalester | $3.5M | 0.3 mi |
| W.E. Allford Propane Mcalester | $3.0M | 0.6 mi |
| BierKraft Mcalester | $3.5M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.6M |
| Estimate: the two combined (geometric mean) | $25.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $4.1M |
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 | $22.4M |
| Multiple for this size and industry | 5.5× |
| Value range | $11.8M – $30.7M |
| Revenue range | $16.8M – $29.2M |
| EBITDA range | $2.7M – $4.7M |
| Industry (NAICS) | Tobacco Manufacturing (312230) |
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
People & advisors
Advisors
- BankingIntuit Financing Inc., Cross River 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
| Cross River Bank PPP 2021 | All 589 borrowers → |
| Intuit Financing Inc. PPP 2020 | All 111 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/22/2020 | first | $54K | 9 |
| 1/21/2021 | second | $50K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Floodserv, Inc.
Floodserv, Inc. is a tobacco manufacturing company in Mcalester, Oklahoma, in business since 2004. It is owned by Damon Thompson. Its estimated annual revenue is about $25.6M, with roughly $4.1M of EBITDA. It has about 9 employees. Its estimated business value is $22.4M (likely range $11.8M–$30.7M).
Common questions
- Who owns Floodserv, Inc.?
- Floodserv, Inc. is owned by Damon Thompson, according to public sources such as the company's website or filings.
- How much revenue does Floodserv, Inc. make?
- SeeBITDA estimates Floodserv, Inc.'s annual revenue at about $25.6M (likely between $16.8M and $29.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Floodserv, Inc. worth?
- About $22.4M, roughly 5.5× its estimated EBITDA of $4.1M, typical for a tobacco manufacturing company its size. Likely range: $11.8M–$30.7M.
- How many employees does Floodserv, Inc. have?
- About 9, as reported on its PPP loan.
- When was Floodserv, Inc. founded?
- Floodserv, Inc. has been in business since 2004.