How we got $14.7M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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
▼ 60% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 25 | $9.0M |
| 2020 | Form 5500 | 9 | $3.2M |
| 2021 | Form 5500 | 6 | $2.2M |
| 2022 | Form 5500 | 5 | $1.8M |
| 2023 | Form 5500 | 10 | $3.6M |
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 |
|---|---|---|
| IFE NDT, LLC this business | $13.7M | — |
| J-w Power Company Yukon | $1.5M | 1.5 mi |
| Yellowjacket Oilfield Services Yukon | $1.5M | 2.1 mi |
| SILVERBACK OILFIELD SERVICES LLC El Reno · 1 employees | $320K | 3.0 mi |
| D&A CONTROLS Yukon · 1 employees | $570K | 3.4 mi |
| ANDREWS WELL TESTING LLC Yukon · 1 employees | $531K | 3.6 mi |
| WARRIOR OILFIELD SERVICES, LLC Yukon · 1 employees | $712K | 3.6 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.0M |
| Estimate: the two combined (geometric mean) | $13.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.3M |
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 | $14.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $7.7M – $20.1M |
| Revenue range | $9.0M – $15.6M |
| EBITDA range | $2.2M – $3.8M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingFirst 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
| First Bank PPP 2020, PPP 2021 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $366K | 25 |
| 1/20/2021 | second | $234K | 20 |
About Ife Ndt, LLC
Ife Ndt, LLC is an oil & gas company in El Reno, Oklahoma. Its estimated annual revenue is about $13.7M, with roughly $3.3M of EBITDA. It has about 10 employees. Its estimated business value is $14.7M (likely range $7.7M–$20.1M).
Common questions
- Who owns Ife Ndt, LLC?
- The owner of Ife Ndt, LLC 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 Ife Ndt, LLC make?
- SeeBITDA estimates Ife Ndt, LLC's annual revenue at about $13.7M (likely between $9.0M and $15.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ife Ndt, LLC worth?
- About $14.7M, roughly 4.4× its estimated EBITDA of $3.3M, typical for a oil & gas company its size. Likely range: $7.7M–$20.1M.
- How many employees does Ife Ndt, LLC have?
- About 10, from its 2023 retirement-plan filing.