Hughes Company
How we got $318K
Based on its 4 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
The Hughes Group and Associates, Inc. is an Edmond, Oklahoma business brokerage that helps buyers and sellers of middle market businesses complete transactions. It says it has been a business broker in Oklahoma since 1982.
From the company's website. Industry: Dry cleaners & laundry.
Customers & suppliers
Customers
- Restek, Inc · named on its website
- Big Sky Bread · named on its website
- Whites Ace Building Center · named on its website
- Chickasha Manufacturing Co., Inc · named on its website
- Delta X-Ray Company · named on its website
- Addtronics Business Systems, Inc · named on its website
- Fantastic Sam's Haircare Shops · named on its website
- Enviro Systems, Inc · named on its website
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HUGHES COMPANY this business | $657K | — |
| WASH CYCLE II, INC. Edmond · 5 employees | $476K | 0.0 mi |
| AMEERAH, LLC Edmond · 4 employees | $493K | 1.8 mi |
| Vista Dry Cleaners Edmond | $668K | 1.8 mi |
| 2nd Street Laundry Edmond | $668K | 1.8 mi |
| Legacy Cleaners & Laundry #2 Edmond | $668K | 1.9 mi |
| Spin Cycle Bundle Wash & Laundry Edmond | $668K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $493K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $673K |
| Estimate: the two combined (geometric mean) | $657K |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $151K |
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 | $318K |
| Multiple for this size and industry | 2.1× |
| Value range | $167K – $434K |
| Revenue range | $432K – $749K |
| EBITDA range | $99K – $172K |
| Industry (NAICS) | Drycleaning and Laundry Services (except Coin-Operated) (812320) |
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
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $19K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hughes Company
Hughes Company is a dry cleaners & laundry company in Edmond, Oklahoma, in business since 1998. It is owned by Paul R. Isenberg. Its estimated annual revenue is about $657K, with roughly $151K of EBITDA. It has about 4 employees. Its estimated business value is $318K (likely range $167K–$434K).
Common questions
- Who owns Hughes Company?
- Hughes Company is owned by Paul R. Isenberg, according to public sources such as the company's website or filings.
- How much revenue does Hughes Company make?
- SeeBITDA estimates Hughes Company's annual revenue at about $657K (likely between $432K and $749K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hughes Company worth?
- About $318K, roughly 2.1× its estimated EBITDA of $151K, typical for a dry cleaners & laundry company its size. Likely range: $167K–$434K.
- How many employees does Hughes Company have?
- About 4, as reported on its PPP loan.
- When was Hughes Company founded?
- Hughes Company has been in business since 1998.