Formosa Ice, LLC.
How we got $296K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 44% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FORMOSA ICE, LLC. this business | $1.1M | — |
| CROCKSTAR DINNER CLUB Oklahoma City · 2 employees | $332K | 1.1 mi |
| HARRIS CUSTOMEM CATERING LLC Oklahoma City · 4 employees | $631K | 1.2 mi |
| MARQUITA FOOD TRUCK Oklahoma City · 1 employees | $233K | 2.1 mi |
| N'AWLINS CLASSIC CUISINE LLC Oklahoma City · 1 employees | $250K | 2.3 mi |
| Platelee, Llc Moore | $1.1M | 2.5 mi |
| MARQUITA SHAW FOOD TRUCK Oklahoma City · 2 employees | $466K | 3.3 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $901K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.0M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $118K |
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 | $296K |
| Multiple for this size and industry | 2.5× |
| Value range | $156K – $405K |
| Revenue range | $713K – $1.2M |
| EBITDA range | $78K – $135K |
| Industry (NAICS) | Mobile Food Services (722330) |
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
- BankingFirst United Bank and 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 Roles are as stated there and may be out of date.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 United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $35K | 10 |
| 2/13/2021 | second | $63K | 10 |
About Formosa Ice, LLC.
Formosa Ice, LLC. is a mobile food services company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $1.1M, with roughly $118K of EBITDA. It has about 10 employees. Its estimated business value is $296K (likely range $156K–$405K).
Common questions
- Who owns Formosa Ice, LLC.?
- The owner of Formosa Ice, LLC. 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 Formosa Ice, LLC. make?
- SeeBITDA estimates Formosa Ice, LLC.'s annual revenue at about $1.1M (likely between $713K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Formosa Ice, LLC. worth?
- About $296K, roughly 2.5× its estimated EBITDA of $118K, typical for a mobile food services company its size. Likely range: $156K–$405K.
- How many employees does Formosa Ice, LLC. have?
- About 10, as reported on its PPP loan.