Herman's Plumbing Co., Inc.
How we got $2.6M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 27 | $5.5M |
| 2020 | Form 5500 | 2 | $409K |
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 |
|---|---|---|
| HERMAN'S PLUMBING CO., INC. this business | $9.4M | — |
| BOWLER & ASSOCIATES, P. C. Midwest City · 3 employees | $1.3M | 0.4 mi |
| HENRY BUSCH, INC Oklahoma City · 7 employees | $1.9M | 0.4 mi |
| PARKER SOLUTIONS LLC Oklahoma City · 2 employees | $465K | 0.7 mi |
| Stone Creek Plumbing Service Midwest City | $1.8M | 1.1 mi |
| Enlisted Electric Midwest City | $1.8M | 1.2 mi |
| ERICKSEN'S QUALITY ELECTRICAL, INC. Midwest City · 5 employees | $1.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $9.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $872K |
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 | $2.6M |
| Multiple for this size and industry | 3× |
| Value range | $1.4M – $3.6M |
| Revenue range | $6.2M – $10.7M |
| EBITDA range | $573K – $994K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $280K | 27 |
2 locations
| 1545 REPUBLIC CIR | Midwest City | This listing |
| 14 E 1st St | Edmond | View |
Revenue, profit and value are for the whole company.
About Herman's Plumbing Co., Inc.
Herman's Plumbing Co., Inc. is a plumbing, heating & air company in Midwest City, Oklahoma. Its estimated annual revenue is about $9.4M, with roughly $872K of EBITDA. It has about 2 employees. Its estimated business value is $2.6M (likely range $1.4M–$3.6M). It has 2 locations.
Common questions
- Who owns Herman's Plumbing Co., Inc.?
- The owner of Herman's Plumbing Co., Inc. 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 Herman's Plumbing Co., Inc. make?
- SeeBITDA estimates Herman's Plumbing Co., Inc.'s annual revenue at about $9.4M (likely between $6.2M and $10.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Herman's Plumbing Co., Inc. worth?
- About $2.6M, roughly 3× its estimated EBITDA of $872K, typical for a plumbing, heating & air company its size. Likely range: $1.4M–$3.6M.
- How many employees does Herman's Plumbing Co., Inc. have?
- About 2, from its 2020 retirement-plan filing.