Kornhaas Construction, Inc.
How we got $2.2M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 28% 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
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 16 | $11.5M |
| 2020 | Form 5500 | 13 | $9.3M |
| 2021 | Form 5500 | 14 | $10.0M |
| 2022 | Form 5500 | 14 | $10.0M |
| 2023 | Form 5500 | 10 | $7.2M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
- Headcount down 29% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| KORNHAAS CONSTRUCTION, INC. this business | $15.3M | — |
| ARDMORE CONSTRUCTION SUPPLY INC Ardmore · 12 employees | $9.3M | 0.6 mi |
| BELT CONSTRUCTION LLC Ardmore · 5 employees | $2.9M | 2.8 mi |
| INFINIUM PROPERTY LLC Ardmore · 1 employees | $964K | 3.9 mi |
| QUALITY CONSTRUCTION LLC Ardmore · 8 employees | $4.5M | 5.5 mi |
| WRIGHT DIVERSE CONSTRUCTION LLC Ardmore · 8 employees | $6.1M | 5.6 mi |
| WRIGHTS DIVERSE CONSTRUCTION LLC Ardmore · 1 employees | $850K | 5.6 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.0M |
| Estimate: the two combined (geometric mean) | $15.3M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $773K |
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 | $2.2M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.1M – $3.0M |
| Revenue range | $10.1M – $17.4M |
| EBITDA range | $508K – $881K |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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 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 2020 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $202K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kornhaas Construction, Inc.
Kornhaas Construction, Inc. is a commercial construction company in Ardmore, Oklahoma, in business since 1998. It is owned by MARTIN K KORNHAAS (President). Its estimated annual revenue is about $15.3M, with roughly $773K of EBITDA. It has about 10 employees. Its estimated business value is $2.2M (likely range $1.1M–$3.0M).
Common questions
- Who owns Kornhaas Construction, Inc.?
- Kornhaas Construction, Inc. is owned by MARTIN K KORNHAAS (President), according to public sources such as the company's website or filings.
- How much revenue does Kornhaas Construction, Inc. make?
- SeeBITDA estimates Kornhaas Construction, Inc.'s annual revenue at about $15.3M (likely between $10.1M and $17.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kornhaas Construction, Inc. worth?
- About $2.2M, roughly 2.8× its estimated EBITDA of $773K, typical for a commercial construction company its size. Likely range: $1.1M–$3.0M.
- How many employees does Kornhaas Construction, Inc. have?
- About 10, from its 2023 retirement-plan filing.
- When was Kornhaas Construction, Inc. founded?
- Kornhaas Construction, Inc. has been in business since 1998.