Hardesty Aviation LLC
How we got $8.7M
Based on its 35 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 42% 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 |
|---|---|---|
| HARDESTY AVIATION LLC this business | $16.5M | — |
| OMNI AIR TRANSPORT, LLC Tulsa · 43 employees | $30.2M | 1.3 mi |
| TORRANCE PHOTOGRAPHY, LLC Tulsa · 2 employees | $1.3M | 8.5 mi |
| WILLIAM WAGNER Tulsa · 1 employees | $774K | 12.7 mi |
| WLW ENTERPRISES DBA SKYBOSS AVIATION Tulsa · 2 employees | $1.3M | 12.7 mi |
| BRAZOS VALLEY AIR CHARTER LLC Tulsa · 5 employees | $2.6M | 13.5 mi |
| BYNUM AVIATION LLC Jenks · 1 employees | $1.1M | 16.4 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.5M |
| Estimate: the two combined (geometric mean) | $16.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.9M |
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 | $8.7M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.6M – $11.8M |
| Revenue range | $10.9M – $18.8M |
| EBITDA range | $1.3M – $2.2M |
| Industry (NAICS) | Nonscheduled Chartered Passenger Air Transportation (481211) |
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
History & advisors
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 Roles are as stated there and may be out of date.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, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $256K | 35 |
| 1/23/2021 | second | $256K | 25 |
About Hardesty Aviation LLC
Hardesty Aviation LLC is a nonscheduled chartered passenger air transportation company in Tulsa, Oklahoma. Its estimated annual revenue is about $16.5M, with roughly $1.9M of EBITDA. It has about 35 employees. Its estimated business value is $8.7M (likely range $4.6M–$11.8M).
Common questions
- Who owns Hardesty Aviation LLC?
- The owner of Hardesty Aviation 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 Hardesty Aviation LLC make?
- SeeBITDA estimates Hardesty Aviation LLC's annual revenue at about $16.5M (likely between $10.9M and $18.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hardesty Aviation LLC worth?
- About $8.7M, roughly 4.5× its estimated EBITDA of $1.9M, typical for a nonscheduled chartered passenger air transportation company its size. Likely range: $4.6M–$11.8M.
- How many employees does Hardesty Aviation LLC have?
- About 35, as reported on its PPP loan.