John Morgan
How we got $464K
Based on its 2 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 25% since 2021Today'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 |
|---|---|---|
| JOHN MORGAN this business | $1.1M | — |
| CIRCLE H FARMS LLC Velma · 2 employees | $1.1M | 1.9 mi |
| POGUE BROTHERS CATTLE CO. LLC Duncan · 2 employees | $1.4M | 2.3 mi |
| CROSSED ARROWS ALPACAS, LLC Duncan · 6 employees | $1.8M | 4.7 mi |
| REEDER FARMS INC Marlow · 4 employees | $2.1M | 8.9 mi |
| PLUM WILDE RANCH Duncan · 1 employees | $728K | 9.2 mi |
| D JOHNSON RANCHES INC Duncan · 1 employees | $640K | 9.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $840K |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 17% |
| EBITDA = revenue × margin | $185K |
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 | $464K |
| Multiple for this size and industry | 2.5× |
| Value range | $244K – $634K |
| Revenue range | $715K – $1.2M |
| EBITDA range | $122K – $211K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (112111) |
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: approximate sector default. 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 National Bank and Trust Company of ArdmorePPP / 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 Roles are as stated there and may be out of date.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 National Bank and Trust Company of Ardmore PPP 2021 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/23/2021 | first | $12K | 2 |
About John Morgan
John Morgan is an agriculture, forestry, fishing company in Duncan, Oklahoma. Its estimated annual revenue is about $1.1M, with roughly $185K of EBITDA. It has about 2 employees. Its estimated business value is $464K (likely range $244K–$634K).
Common questions
- Who owns John Morgan?
- The owner of John Morgan 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 John Morgan make?
- SeeBITDA estimates John Morgan's annual revenue at about $1.1M (likely between $715K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is John Morgan worth?
- About $464K, roughly 2.5× its estimated EBITDA of $185K, typical for a agriculture, forestry, fishing company its size. Likely range: $244K–$634K.
- How many employees does John Morgan have?
- About 2, as reported on its PPP loan.