Foster's Propeller Service Inc
How we got $782K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 58 years (since 1968)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Foster's Propeller Service, Inc. is a propeller service and sales business that repairs and services propellers and sells new, overhauled and serviceable propellers and parts. It aims to deliver cost-effective repairs and high-quality craftsmanship to its customers.
From the company's website. Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing.
Customers & suppliers
Suppliers & brands
- McCAULEY · brand it sells or installs
- HARTZELL · brand it sells or installs
- SENSENICH · brand it sells or installs
Estimated value over time
▼ 13% 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 |
|---|---|---|
| FOSTER'S PROPELLER SERVICE INC this business | $1.6M | — |
| WERCO MANUFACTURING, INC. Broken Arrow · 23 employees | $8.1M | 30.4 mi |
| ICES CORPORATION Broken Arrow · 5 employees | $2.3M | 31.1 mi |
| ADVENT AIRCRAFT SYSTEMS, INC Tulsa · 3 employees | $2.7M | 32.9 mi |
| SOUTHWEST AVIATION SPECIALTIES, LLC Tulsa · 21 employees | $7.2M | 33.2 mi |
| NEOSOURCE INC. Tulsa · 32 employees | $12.4M | 33.8 mi |
| Worthington MRO Center Tulsa | $1.4M | 34.1 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $223K |
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 | $782K |
| Multiple for this size and industry | 3.5× |
| Value range | $411K – $1.1M |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $147K – $255K |
| Industry (NAICS) | Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413) |
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
“Building on what he had learned while working on aircraft during World War II, Herman Foster started Foster's Propeller Service in 1968 after having worked for Spartan Aircraft in Tulsa, OK for 16 years.”
Advisors
- BankingMabrey 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
| Mabrey Bank PPP 2020 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $35K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Foster's Propeller Service Inc
Foster's Propeller Service Inc is an other aircraft parts and auxiliary equipment manufacturing company in Boynton, Oklahoma, in business since 1968. It is owned by Jerry Foster (President). Its estimated annual revenue is about $1.6M, with roughly $223K of EBITDA. It has about 5 employees. Its estimated business value is $782K (likely range $411K–$1.1M).
Common questions
- Who owns Foster's Propeller Service Inc?
- Foster's Propeller Service Inc is owned by Jerry Foster (President), according to public sources such as the company's website or filings.
- How much revenue does Foster's Propeller Service Inc make?
- SeeBITDA estimates Foster's Propeller Service Inc's annual revenue at about $1.6M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Foster's Propeller Service Inc worth?
- About $782K, roughly 3.5× its estimated EBITDA of $223K, typical for a other aircraft parts and auxiliary equipment manufacturing company its size. Likely range: $411K–$1.1M.
- How many employees does Foster's Propeller Service Inc have?
- About 5, as reported on its PPP loan.
- When was Foster's Propeller Service Inc founded?
- Foster's Propeller Service Inc has been in business since 1968.
- Is Foster's Propeller Service Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 58 years (since 1968); no family successor named on its website.