Keck's Propane LLC
How we got $2.3M
Based on its 2 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| KECK'S PROPANE LLC this business | $14.0M | — |
| P&C SERVICE INC. Lindsay · 3 employees | $28.6M | 13.4 mi |
| WESTERN FUEL CO., LLC Maysville · 3 employees | $49.3M | 15.0 mi |
| ELITE FUEL SERVICES, LLC Purcell · 2 employees | $26.1M | 24.8 mi |
| MMR PETROLEUM INC Springer · 3 employees | $61.9M | 33.7 mi |
| NOBLE LIQUID PROPANE, INC Noble · 1 employees | $20.6M | 35.6 mi |
| OKLAHOMA PUMP AND TANK, INC. Norman · 6 employees | $41.8M | 39.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $14.0M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $632K |
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 | $2.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.2M – $3.1M |
| Revenue range | $9.2M – $16.0M |
| EBITDA range | $416K – $721K |
| Industry (NAICS) | Petroleum Bulk Stations and Terminals (424710) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingAmerican Exchange Bank, Lindsay, OklahomaPPP / 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
| American Exchange Bank, Lindsay, Oklahoma PPP 2021 | All 68 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2021 | first | $12K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Keck's Propane LLC
Keck's Propane LLC is a petroleum bulk stations and terminals company in Foster, Oklahoma, in business since 2010. Its estimated annual revenue is about $14.0M, with roughly $632K of EBITDA. It has about 2 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Keck's Propane LLC?
- The owner of Keck's Propane 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 Keck's Propane LLC make?
- SeeBITDA estimates Keck's Propane LLC's annual revenue at about $14.0M (likely between $9.2M and $16.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Keck's Propane LLC worth?
- About $2.3M, roughly 3.6× its estimated EBITDA of $632K, typical for a petroleum bulk stations and terminals company its size. Likely range: $1.2M–$3.1M.
- How many employees does Keck's Propane LLC have?
- About 2, as reported on its PPP loan.
- When was Keck's Propane LLC founded?
- Keck's Propane LLC has been in business since 2010.