Hull Plumbing Inc
How we got $2.1M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▲ 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
▼ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 22 | $4.5M |
| 2021 | Form 5500 | 19 | $3.9M |
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 |
|---|---|---|
| HULL PLUMBING INC this business | $7.3M | — |
| Metro Electrical Contractors Oklahoma City | $1.8M | 0.1 mi |
| MITCHELL COMMUNICATIONS, INC Oklahoma City · 23 employees | $6.8M | 0.1 mi |
| General Lighting & Sign Services Oklahoma City | $1.8M | 0.2 mi |
| METROPOLITAN AIR CONDITIONING CO. Oklahoma City · 49 employees | $21.1M | 0.2 mi |
| WETHERBEE ELECTRIC, INC Oklahoma City · 25 employees | $10.4M | 0.3 mi |
| Service Refrigeration Company Oklahoma City | $1.8M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.3M |
| Estimate: the two combined (geometric mean) | $7.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $685K |
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 | $2.1M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $4.8M – $8.4M |
| EBITDA range | $450K – $781K |
| 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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $212K | 21 |
| 2/2/2021 | second | $222K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hull Plumbing Inc
Hull Plumbing Inc is a plumbing, heating & air company in Oklahoma City, Oklahoma, in business since 2008. Its estimated annual revenue is about $7.3M, with roughly $685K of EBITDA. It has about 19 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.8M).
Common questions
- Who owns Hull Plumbing Inc?
- The owner of Hull Plumbing 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 Hull Plumbing Inc make?
- SeeBITDA estimates Hull Plumbing Inc's annual revenue at about $7.3M (likely between $4.8M and $8.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hull Plumbing Inc worth?
- About $2.1M, roughly 3× its estimated EBITDA of $685K, typical for a plumbing, heating & air company its size. Likely range: $1.1M–$2.8M.
- How many employees does Hull Plumbing Inc have?
- About 19, from its 2021 retirement-plan filing.
- When was Hull Plumbing Inc founded?
- Hull Plumbing Inc has been in business since 2008.