Marine Development Inc
How we got $3.8M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 7% 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.
What we know
Signs of a sale Some signs of a sale
- In business 35 years (since 1991)
From public records and the company's website, not a statement that it's for sale.
What they do
Marine Development Inc designs, manufactures and installs marinas, docks and marine infrastructure for commercial marinas and municipalities. It says it has been in business for 30+ years and has built over 60,000 marina slips across the United States.
From the company's website. Industry: Ship Building and Repairing.
Customers & suppliers
Customers
- Dallas Corinthian Yacht Club · named on its website
- Lake Guntersville Yacht Club · named on its website
- Havasu Landing Resort & Casino · named on its website
- Navajo Lake · named on its website
- O'Brien's Marina · named on its website
- Clinton Marina · named on its website
- High Port Marina · named on its website
- Seabrook Marina · named on its website
- Anchor High Marina · named on its website
- Sunset Marina · named on its website
- Nine Marina · named on its website
- Little River Marina · named on its website
- Shangri La Marina · named on its website
- South Shore Marina · named on its website
- Waterford Marina · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MARINE DEVELOPMENT INC this business | $9.5M | — |
| SUPERIOR STEEL BUILDING MFG, LLC Eufaula · 5 employees | $2.9M | 0.2 mi |
| SUPERIOR STEEL BUILDINGS MFG LLC Eufaula · 5 employees | $2.9M | 0.2 mi |
| CALVARY INDUSTRIES INC Checotah · 7 employees | $2.4M | 4.8 mi |
| Calvary Candles Checotah | $2.1M | 4.8 mi |
| OHANA MANUFACTURIN, LLC. Eufaula · 9 employees | $3.3M | 5.4 mi |
| OHANA MANUFACTURING LLC Eufaula · 8 employees | $3.1M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.1M |
| Estimate: the two combined (geometric mean) | $9.5M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $972K |
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 | $3.8M |
| Multiple for this size and industry | 3.9× |
| Value range | $2.0M – $5.2M |
| Revenue range | $6.2M – $10.8M |
| EBITDA range | $639K – $1.1M |
| Industry (NAICS) | Ship Building and Repairing (336611) |
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
History & advisors
“Founded in 1991, our management team has been responsible for providing outstanding products and services for over 35+ years.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $307K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Marine Development Inc
Marine Development Inc is a ship building and repairing company in Eufaula, Oklahoma, in business since 1991. Its estimated annual revenue is about $9.5M, with roughly $972K of EBITDA. It has about 22 employees. Its estimated business value is $3.8M (likely range $2.0M–$5.2M).
Common questions
- Who owns Marine Development Inc?
- The owner of Marine Development 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 Marine Development Inc make?
- SeeBITDA estimates Marine Development Inc's annual revenue at about $9.5M (likely between $6.2M and $10.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Marine Development Inc worth?
- About $3.8M, roughly 3.9× its estimated EBITDA of $972K, typical for a ship building and repairing company its size. Likely range: $2.0M–$5.2M.
- How many employees does Marine Development Inc have?
- About 22, as reported on its PPP loan.
- When was Marine Development Inc founded?
- Marine Development Inc has been in business since 1991.