Gray Ag Air LLC
How we got $474K
Based on its 3 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 36% since 2021Today'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
Signs of a sale Some signs of a sale
- In business 41 years (since 1985)
From public records and the company's website, not a statement that it's for sale.
What they do
Gray AG Air LLC is a locally owned aerial crop spraying business serving North Texas and Southwest Oklahoma since 1985, and it also sells agricultural chemicals.
From the company's website. Industry: Soil Preparation, Planting, and Cultivating.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GRAY AG AIR LLC this business | $1.6M | — |
| REID ROBINSON DBA GRAY AG AIR, LLC Hollis · 3 employees | $1.6M | 0.0 mi |
| MOTLEY GIN, INC. Hollis · 11 employees | $7.0M | 0.5 mi |
| Salt Fork Irrigation Duke | $2.4M | 19.1 mi |
| J AND H CUSTOM WORK Mangum · 1 employees | $409K | 19.9 mi |
| Goss Farms Eldorado | $2.4M | 21.0 mi |
| KRAM FARMS LLC Olustee · 1 employees | $498K | 27.8 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| 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) | 12% |
| EBITDA = revenue × margin | $190K |
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 | $474K |
| Multiple for this size and industry | 2.5× |
| Value range | $249K – $649K |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $125K – $216K |
| Industry (NAICS) | Soil Preparation, Planting, and Cultivating (115112) |
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
History & advisors
“Locally owned Gray AG Air LLC has been performing aerial spraying services for customers across the North Texas and Southwest Oklahoma areas since 1985.”
Advisors
- BankingCattlemens 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
| Cattlemens Bank PPP 2021 | All 90 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/30/2021 | second | $24K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gray Ag Air LLC
Gray Ag Air LLC is a soil preparation, planting, and cultivating company in Hollis, Oklahoma, in business since 1985. Its estimated annual revenue is about $1.6M, with roughly $190K of EBITDA. It has about 3 employees. Its estimated business value is $474K (likely range $249K–$649K).
Common questions
- Who owns Gray Ag Air LLC?
- The owner of Gray Ag Air 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 Gray Ag Air LLC make?
- SeeBITDA estimates Gray Ag Air LLC'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 Gray Ag Air LLC worth?
- About $474K, roughly 2.5× its estimated EBITDA of $190K, typical for a soil preparation, planting, and cultivating company its size. Likely range: $249K–$649K.
- How many employees does Gray Ag Air LLC have?
- About 3, as reported on its PPP loan.
- When was Gray Ag Air LLC founded?
- Gray Ag Air LLC has been in business since 1985.