Hassler Hot Oil Service, LLC
How we got $2.0M
Based on 4 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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.
Employees over time
▲ 150% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $1.3M |
| 2021 | Form 5500 | 10 | $3.3M |
| 2022 | Form 5500 | 10 | $3.3M |
| 2023 | Form 5500 | 10 | $3.3M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HASSLER HOT OIL SERVICE, LLC this business | $2.2M | — |
| HOMER RINEHART COMPANY, INC. Lindsay · 44 employees | $22.3M | 0.0 mi |
| ASHER OILFIELD SPECIALTY LLC Lindsay · 19 employees | $10.1M | 0.1 mi |
| WEBB OIL COMPANY, INC. Lindsay · 12 employees | $5.4M | 0.2 mi |
| VENTURE PIPE AND SUPPLY INC. Lindsay · 113 employees | $42.7M | 0.2 mi |
| B & B TOOL CO., INC Lindsay · 2 employees | $831K | 0.3 mi |
| Stream Line Lindsay | $1.5M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Industry revenue per employee | $330K |
| Revenue = employees × revenue per employee | $2.2M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $677K |
| Cross-check: revenue implied by PPP payroll | $406K |
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 | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $961K – $2.9M |
| Revenue range | $1.3M – $2.6M |
| EBITDA range | $400K – $801K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingThe First National Bank and Trust Co, Chickasha, OklahomaPPP / 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
| The First National Bank and Trust Co, Chickasha, Oklahoma PPP 2020, PPP 2021 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $11K | 3 |
| 1/20/2021 | second | $16K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hassler Hot Oil Service, LLC
Hassler Hot Oil Service, LLC is an oil & gas company in Lindsay, Oklahoma, in business since 2008. Its estimated annual revenue is about $2.2M, with roughly $677K of EBITDA. It has about 10 employees. Its estimated business value is $2.0M (likely range $961K–$2.9M).
Common questions
- Who owns Hassler Hot Oil Service, LLC?
- The owner of Hassler Hot Oil Service, 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 Hassler Hot Oil Service, LLC make?
- SeeBITDA estimates Hassler Hot Oil Service, LLC's annual revenue at about $2.2M (likely between $1.3M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hassler Hot Oil Service, LLC worth?
- About $2.0M, roughly 3× its estimated EBITDA of $677K, typical for a oil & gas company its size. Likely range: $961K–$2.9M.
- How many employees does Hassler Hot Oil Service, LLC have?
- About 10, from its 2023 retirement-plan filing.
- When was Hassler Hot Oil Service, LLC founded?
- Hassler Hot Oil Service, LLC has been in business since 2008.