Hart-Wyatt Funeral Home, Inc.
- Phillip HartFuneral Director in Charge · Company website
- Cole Max HartFuneral Director Assistant · Company website
- Bill ShipmanFacilities Supervisor · Company website
How we got $797K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
- Family in the business (Bill Shipman, Facilities Supervisor)
From public records and the company's website, not a statement that it's for sale.
What they do
Hart - Wyatt Funeral Home provides funeral, cremation and memorial services for families, with locations in Walters and Temple, Oklahoma, and staff available 24 hours a day.
From the company's website. Industry: Funeral homes.
Estimated value over time
▲ 65% 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 |
|---|---|---|
| HART-WYATT FUNERAL HOME, INC. this business | $1.7M | — |
| Lawton Ritter Gray Funeral Home Lawton | $2.2M | 17.9 mi |
| Youthcare Of Oklahoma Lawton | $6.6M | 18.0 mi |
| Comanche Nation Funeral Home Lawton | $2.2M | 18.1 mi |
| Martus Stone-Lawton Lawton | $2.2M | 18.2 mi |
| Lawton Oklahoma Stake Family History Lawton | $2.2M | 19.2 mi |
| BECKER FUNERAL HOME, INC. Lawton · 12 employees | $3.5M | 19.3 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.7M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $306K |
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 | $797K |
| Multiple for this size and industry | 2.6× |
| Value range | $419K – $1.1M |
| Revenue range | $1.1M – $2.0M |
| EBITDA range | $202K – $349K |
| Industry (NAICS) | Funeral Homes and Funeral Services (812210) |
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
“Cole is the third generation to work at the family-owned funeral home, where he serves alongside his father, Phillip, sister, Taylor, and grandparents, Bill and Carol.”
Advisors
- BankingWalters 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
| Walters Bank and Trust Company PPP 2020 | All 12 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $49K | 10 |
2 locations
| 202 E. Colorado | Walters | This listing |
| 122 W Texas St | Temple | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hart-Wyatt Funeral Home, Inc.
Hart-Wyatt Funeral Home, Inc. is a family-owned funeral homes company in Walters, Oklahoma, in business since 2009. It is owned by Carol Shipman (Owner/ Office Manager). Its estimated annual revenue is about $1.7M, with roughly $306K of EBITDA. It has about 10 employees. Its estimated business value is $797K (likely range $419K–$1.1M). It has 2 locations.
Common questions
- Who owns Hart-Wyatt Funeral Home, Inc.?
- Hart-Wyatt Funeral Home, Inc. is owned by Carol Shipman (Owner/ Office Manager), according to public sources such as the company's website or filings.
- How much revenue does Hart-Wyatt Funeral Home, Inc. make?
- SeeBITDA estimates Hart-Wyatt Funeral Home, Inc.'s annual revenue at about $1.7M (likely between $1.1M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hart-Wyatt Funeral Home, Inc. worth?
- About $797K, roughly 2.6× its estimated EBITDA of $306K, typical for a funeral homes company its size. Likely range: $419K–$1.1M.
- How many employees does Hart-Wyatt Funeral Home, Inc. have?
- About 10, as reported on its PPP loan.
- When was Hart-Wyatt Funeral Home, Inc. founded?
- Hart-Wyatt Funeral Home, Inc. has been in business since 2009.