Hico, Inc.
How we got $126K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 8% 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 |
|---|---|---|
| HICO, INC. this business | $358K | — |
| Vanguard Cleaning Systems of the Ozarks - Tulsa Tulsa | $935K | 0.7 mi |
| MERRY MAIDS OF OKLAHOMA INC Tulsa · 27 employees | $2.9M | 0.8 mi |
| CHASE LAWN & LANDSCAPE LLC Tulsa · 10 employees | $1.5M | 0.8 mi |
| MILLICARE ENVIRONMENTAL SERVICES OF OKLAHOMA INC Tulsa · 6 employees | $1.1M | 0.8 mi |
| Milli Care Floor & Textile Care Tulsa | $935K | 0.8 mi |
| ELECTRONIC BILLING SERVICES, INC Tulsa · 4 employees | $552K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $301K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $328K |
| Estimate: the two combined (geometric mean) | $358K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $55K |
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 | $126K |
| Multiple for this size and industry | 2.3× |
| Value range | $66K – $172K |
| Revenue range | $236K – $409K |
| EBITDA range | $36K – $62K |
| Industry (NAICS) | Janitorial Services (561720) |
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
Advisors
- BankingAmerican 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 Roles are as stated there and may be out of date.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
| American Bank and Trust Company PPP 2020 | All 117 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $11K | 2 |
About Hico, Inc.
Hico, Inc. is a commercial cleaning & janitorial company in Tulsa, Oklahoma. Its estimated annual revenue is about $358K, with roughly $55K of EBITDA. It has about 2 employees. Its estimated business value is $126K (likely range $66K–$172K).
Common questions
- Who owns Hico, Inc.?
- The owner of Hico, 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 Hico, Inc. make?
- SeeBITDA estimates Hico, Inc.'s annual revenue at about $358K (likely between $236K and $409K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hico, Inc. worth?
- About $126K, roughly 2.3× its estimated EBITDA of $55K, typical for a commercial cleaning & janitorial company its size. Likely range: $66K–$172K.
- How many employees does Hico, Inc. have?
- About 2, as reported on its PPP loan.