L & R Farms, Inc.
How we got $320K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 42% 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 |
|---|---|---|
| L & R FARMS, INC. this business | $975K | — |
| PBET LLC Frederick · 3 employees | $609K | 0.4 mi |
| CASSIDY GRAIN CO Frederick · 18 employees | $7.7M | 1.1 mi |
| STEWART FAR,S ;;C Frederick · 2 employees | $594K | 1.6 mi |
| J & B MEEKS FARMS INC. Tipton · 1 employees | $376K | 10.0 mi |
| ABERNATHY SPRAYING SERVICE, INC. Tipton · 2 employees | $1.2M | 10.0 mi |
| KEVIN ABERNATHY Tipton · 1 employees | $495K | 10.0 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $800K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $914K |
| Estimate: the two combined (geometric mean) | $975K |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $128K |
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 | $320K |
| Multiple for this size and industry | 2.5× |
| Value range | $168K – $438K |
| Revenue range | $641K – $1.1M |
| EBITDA range | $84K – $146K |
| Industry (NAICS) | Farm Labor Contractors and Crew Leaders (115115) |
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. 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
- BankingFrazer 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 Roles are as stated there and may be out of date.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
| Frazer Bank PPP 2020, PPP 2021 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $23K | 3 |
| 2/10/2021 | second | $23K | 2 |
About L & R Farms, Inc.
L & R Farms, Inc. is a farm labor contractors and crew leaders company in Frederick, Oklahoma. Its estimated annual revenue is about $975K, with roughly $128K of EBITDA. It has about 3 employees. Its estimated business value is $320K (likely range $168K–$438K).
Common questions
- Who owns L & R Farms, Inc.?
- The owner of L & R Farms, 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 L & R Farms, Inc. make?
- SeeBITDA estimates L & R Farms, Inc.'s annual revenue at about $975K (likely between $641K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is L & R Farms, Inc. worth?
- About $320K, roughly 2.5× its estimated EBITDA of $128K, typical for a farm labor contractors and crew leaders company its size. Likely range: $168K–$438K.
- How many employees does L & R Farms, Inc. have?
- About 3, as reported on its PPP loan.