Masters Heating & Cooling, Inc.
How we got $945K
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▲ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $2.9M |
| 2024 | Form 5500 | 15 | $3.1M |
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 |
|---|---|---|
| MASTERS HEATING & COOLING, INC. this business | $3.7M | — |
| S&J PLUMBIMG, INC. Pryor · 7 employees | $2.2M | 0.1 mi |
| AIR-HEAT SYSTEMS, LLC Pryor · 3 employees | $835K | 0.7 mi |
| COLLINS ELECTRIC COMPANY OF OKLAHOMA, INC Pryor · 29 employees | $11.0M | 0.7 mi |
| MELTON'S AIR CONDITIONING & APPLIANCE SERVICE, INC. Pryor · 15 employees | $4.8M | 0.7 mi |
| S & J PLUMBING, INC. Pryor | $1.8M | 1.2 mi |
| MAYFIELD PLUMBING CONSTRUCTION,INC Pryor · 5 employees | $1.6M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $394K |
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 | $945K |
| Multiple for this size and industry | 2.4× |
| Value range | $497K – $1.3M |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $259K – $449K |
| 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
History & advisors
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $102K | 14 |
About Masters Heating & Cooling, Inc.
Masters Heating & Cooling, Inc. is a plumbing, heating & air company in Pryor, Oklahoma. Its estimated annual revenue is about $3.7M, with roughly $394K of EBITDA. It has about 15 employees. Its estimated business value is $945K (likely range $497K–$1.3M).
Common questions
- Who owns Masters Heating & Cooling, Inc.?
- The owner of Masters Heating & Cooling, 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 Masters Heating & Cooling, Inc. make?
- SeeBITDA estimates Masters Heating & Cooling, Inc.'s annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Masters Heating & Cooling, Inc. worth?
- About $945K, roughly 2.4× its estimated EBITDA of $394K, typical for a plumbing, heating & air company its size. Likely range: $497K–$1.3M.
- How many employees does Masters Heating & Cooling, Inc. have?
- About 15, from its 2024 retirement-plan filing.