Merritt Properties Inc.
How we got $702K
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
▲ 21% 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 |
|---|---|---|
| MERRITT PROPERTIES INC. this business | $2.3M | — |
| CHARLES A. SHADID, L.L.C. Oklahoma City · 5 employees | $3.3M | 4.0 mi |
| STEAM NATURAL RESOURCES LC Oklahoma City · 2 employees | $1.1M | 4.9 mi |
| BISON DEVELOPMENT LLC Oklahoma City · 2 employees | $2.0M | 5.2 mi |
| WHEELER DISTRICT, LLC Oklahoma City · 5 employees | $4.1M | 5.2 mi |
| SOONER INVESTMENT REALTY, INC Oklahoma City · 9 employees | $7.5M | 6.2 mi |
| QUANTUM DEVELOPMENT, LLC Edmond · 2 employees | $1.7M | 7.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.1M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $305K |
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 | $702K |
| Multiple for this size and industry | 2.3× |
| Value range | $370K – $961K |
| Revenue range | $1.5M – $2.7M |
| EBITDA range | $201K – $348K |
| Industry (NAICS) | Land Subdivision (237210) |
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
- BankingSovereign Bank, Great Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2021 | All 1,112 borrowers → |
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $38K | 3 |
| 1/16/2021 | second | $41K | 3 |
About Merritt Properties Inc.
Merritt Properties Inc. is a land subdivision company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $2.3M, with roughly $305K of EBITDA. It has about 3 employees. Its estimated business value is $702K (likely range $370K–$961K).
Common questions
- Who owns Merritt Properties Inc.?
- The owner of Merritt Properties 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 Merritt Properties Inc. make?
- SeeBITDA estimates Merritt Properties Inc.'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 Merritt Properties Inc. worth?
- About $702K, roughly 2.3× its estimated EBITDA of $305K, typical for a land subdivision company its size. Likely range: $370K–$961K.
- How many employees does Merritt Properties Inc. have?
- About 3, as reported on its PPP loan.