Logic Heat & Air LLC
How we got $650K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 70% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 36% 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
▼ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 9 | $1.8M |
| 2020 | Form 5500 | 8 | $1.6M |
| 2021 | Form 5500 | 8 | $1.6M |
| 2022 | Form 5500 | 10 | $2.0M |
| 2023 | Form 5500 | 4 | $817K |
| 2024 | Form 5500 | 3 | $613K |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LOGIC HEAT & AIR LLC this business | $2.3M | — |
| DAVECO ELECTRIC Tulsa · 6 employees | $1.4M | 0.1 mi |
| PAK-ALL INC. Tulsa · 10 employees | $2.5M | 0.4 mi |
| Apex Plumbing Heating & Piping Tulsa | $1.8M | 0.4 mi |
| SIGLER HEAT AND AIR, LLC Tulsa · 6 employees | $1.7M | 0.6 mi |
| TEMCO ELECTRIC, INC. Tulsa · 11 employees | $3.5M | 0.7 mi |
| Cross Plumbing Inc Tulsa | $1.8M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $271K |
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 | $650K |
| Multiple for this size and industry | 2.4× |
| Value range | $342K – $889K |
| Revenue range | $1.5M – $2.7M |
| EBITDA range | $178K – $309K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingVast Bank, National AssociationPPP / 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
| Vast Bank, National Association 7(a) 2020, PPP 2020, PPP 2021 | All 359 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 | $63K | 8 |
| 1/21/2021 | second | $73K | 9 |
Public records
| Aug 2020 | 7(a) | $67K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Logic Heat & Air LLC
Logic Heat & Air LLC is a plumbing, heating & air company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.3M, with roughly $271K of EBITDA. It has about 3 employees. Its estimated business value is $650K (likely range $342K–$889K).
Common questions
- Who owns Logic Heat & Air LLC?
- The owner of Logic Heat & Air 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 Logic Heat & Air LLC make?
- SeeBITDA estimates Logic Heat & Air LLC's annual revenue at about $2.3M (likely between $1.5M and $2.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Logic Heat & Air LLC worth?
- About $650K, roughly 2.4× its estimated EBITDA of $271K, typical for a plumbing, heating & air company its size. Likely range: $342K–$889K.
- How many employees does Logic Heat & Air LLC have?
- About 3, from its 2024 retirement-plan filing.