Independent Material Company Inc.
How we got $433K
Based on its 6 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Independent Material Co. is described as Tulsa's oldest masonry supplier, serving homeowners and contractors. It offers masonry materials, tools, and related services from its Tulsa location.
From the company's website. Industry: Masonry Contractors.
Estimated value over time
▲ 2% 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 |
|---|---|---|
| INDEPENDENT MATERIAL COMPANY INC. this business | $1.8M | — |
| T-town Roofing Tulsa | $2.2M | 0.1 mi |
| BRAZEAL MASONRY INC Tulsa · 26 employees | $7.5M | 0.2 mi |
| WILCO GUTTERING CO INC Tulsa · 7 employees | $2.9M | 0.3 mi |
| PERFORMANCE.ROOFING INCORPORATE Tulsa · 46 employees | $29.6M | 0.4 mi |
| A-best Roofing Tulsa | $2.2M | 0.4 mi |
| Rocker Roofing Tulsa | $2.2M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $228K |
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 | $433K |
| Multiple for this size and industry | 1.9× |
| Value range | $228K – $593K |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $150K – $260K |
| Industry (NAICS) | Masonry Contractors (238140) |
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
- BankingGrand 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
| Grand Bank PPP 2020 | All 407 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $57K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Independent Material Company Inc.
Independent Material Company Inc. is a masonry contractors company in Tulsa, Oklahoma, in business since 1999. Its estimated annual revenue is about $1.8M, with roughly $228K of EBITDA. It has about 6 employees. Its estimated business value is $433K (likely range $228K–$593K).
Common questions
- Who owns Independent Material Company Inc.?
- The owner of Independent Material Company 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 Independent Material Company Inc. make?
- SeeBITDA estimates Independent Material Company Inc.'s annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Independent Material Company Inc. worth?
- About $433K, roughly 1.9× its estimated EBITDA of $228K, typical for a masonry contractors company its size. Likely range: $228K–$593K.
- How many employees does Independent Material Company Inc. have?
- About 6, as reported on its PPP loan.
- When was Independent Material Company Inc. founded?
- Independent Material Company Inc. has been in business since 1999.