Horton Studios, Inc.
How we got $365K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 41 years (since 1985)
From public records and the company's website, not a statement that it's for sale.
What they do
Horton Studios is a professional photography studio in Thomas, OK, offering portrait and event photography.
From the company's website. Industry: Photography Studios, Portrait.
Estimated value over time
▲ 11% 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 |
|---|---|---|
| HORTON STUDIOS, INC. this business | $629K | — |
| UNUSUAL ATTITUDES LLC Thomas · 1 employees | $316K | 5.7 mi |
| ANIMAL HOSPITAL OF WEATHERFORD, INC. Weatherford · 5 employees | $1.3M | 8.7 mi |
| EMILY NICOLE PHOTO LLC Weatherford · 1 employees | $293K | 9.3 mi |
| HEARTLAND ANIMAL HEALTH, INC. P.C. Weatherford · 10 employees | $1.5M | 9.4 mi |
| JIMMY'S BIT SERVICES, INC Weatherford · 2 employees | $1.2M | 9.7 mi |
| All Creatures Animal Hospital Weatherford | $1.2M | 10.0 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $876K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $347K |
| Estimate: the two combined (geometric mean) | $629K |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $146K |
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 | $365K |
| Multiple for this size and industry | 2.5× |
| Value range | $192K – $500K |
| Revenue range | $413K – $717K |
| EBITDA range | $96K – $167K |
| Industry (NAICS) | Photography Studios, Portrait (541921) |
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
People & advisors
“Dwaine and Eldora Horton opened the studio in 1985 on Horton's family farm in Custer County, striving to give the area a studio that offers professional photography with style.”
Advisors
- BankingBank of HydroPPP / 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
| Bank of Hydro PPP 2020, PPP 2021 | All 155 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $11K | 5 |
| 2/5/2021 | second | $12K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Horton Studios, Inc.
Horton Studios, Inc. is a photography studios, portrait company in Thomas, Oklahoma, in business since 1985. Its estimated annual revenue is about $629K, with roughly $146K of EBITDA. It has about 5 employees. Its estimated business value is $365K (likely range $192K–$500K).
Common questions
- Who owns Horton Studios, Inc.?
- The owner of Horton Studios, 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 Horton Studios, Inc. make?
- SeeBITDA estimates Horton Studios, Inc.'s annual revenue at about $629K (likely between $413K and $717K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Horton Studios, Inc. worth?
- About $365K, roughly 2.5× its estimated EBITDA of $146K, typical for a photography studios, portrait company its size. Likely range: $192K–$500K.
- How many employees does Horton Studios, Inc. have?
- About 5, as reported on its PPP loan.
- When was Horton Studios, Inc. founded?
- Horton Studios, Inc. has been in business since 1985.