How we got $89K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 34% 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 |
|---|---|---|
| FRED GUSTINE this business | $311K | — |
| SMILEY HOME INSPECTION SERVICE Ardmore · 1 employees | $320K | 0.9 mi |
| FREELANCE OPERATIONS INC Ardmore · 3 employees | $1.6M | 3.3 mi |
| JD HOBBS ENTERPRISES LLC Ardmore · 1 employees | $387K | 3.4 mi |
| CRYSTAL BLUE BACKYARDS, LLC Ardmore · 5 employees | $1.4M | 4.3 mi |
| CRYSTAL BLUE POOLS & SERVICE LLC Ardmore · 9 employees | $2.6M | 4.3 mi |
| C MORGAN CONSTRUCTION LLC Ardmore · 17 employees | $4.5M | 4.3 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $340K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $218K |
| Estimate: the two combined (geometric mean) | $311K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $47K |
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 | $89K |
| Multiple for this size and industry | 1.9× |
| Value range | $47K – $121K |
| Revenue range | $204K – $354K |
| EBITDA range | $31K – $53K |
| Industry (NAICS) | Site Preparation Contractors (238910) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/12/2020 | first | $6K | 1 |
About Fred Gustine
Fred Gustine is an excavation & site work company in Ardmore, Oklahoma. Its estimated annual revenue is about $311K, with roughly $47K of EBITDA. It has about 1 employees. Its estimated business value is $89K (likely range $47K–$121K).
Common questions
- Who owns Fred Gustine?
- The owner of Fred Gustine 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 Fred Gustine make?
- SeeBITDA estimates Fred Gustine's annual revenue at about $311K (likely between $204K and $354K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fred Gustine worth?
- About $89K, roughly 1.9× its estimated EBITDA of $47K, typical for a excavation & site work company its size. Likely range: $47K–$121K.
- How many employees does Fred Gustine have?
- About 1, as reported on its PPP loan.