Michael's Air Conditioning & Htg., Inc
How we got $1.1M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 50 years (since 1976)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Michael's Air Conditioning & Heating is a full service air conditioning and heating business in Enid, Oklahoma, serving residential and business customers with 30 years of service to the community.
From the company's website. Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Suppliers & brands
- Trane · brand it sells or installs
- Rheem · brand it sells or installs
- MrCool · brand it sells or installs
Estimated value over time
▲ 89% 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 |
|---|---|---|
| MICHAEL'S AIR CONDITIONING & HTG., INC this business | $4.7M | — |
| A W BRUEGGEMANN COMPANY INC Enid · 12 employees | $11.7M | 7.3 mi |
| CENTRAL OKLAHOMA WATER SERVICES, INC Enid · 12 employees | $13.3M | 8.1 mi |
| BODEB INC Enid · 16 employees | $19.3M | 8.7 mi |
| HOBBS PLUMBING LLC Enid · 10 employees | $10.0M | 11.5 mi |
| TEMPLE ENTERPRISES OF PONCA CITY, LLC Ponca City · 3 employees | $3.4M | 47.6 mi |
| ALLIANCE NUT & BOLT LLC Okarche · 4 employees | $4.4M | 54.2 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.6M |
| Estimate: the two combined (geometric mean) | $4.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $393K |
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 | $1.1M |
| Multiple for this size and industry | 2.9× |
| Value range | $599K – $1.6M |
| Revenue range | $3.1M – $5.4M |
| EBITDA range | $258K – $448K |
| Industry (NAICS) | Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (423730) |
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
- BankingStride 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
| Stride Bank, National Association PPP 2020 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $32K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Michael's Air Conditioning & Htg., Inc
Michael's Air Conditioning & Htg., Inc is a family-owned warm air heating and air-conditioning equipment and supplies merchant wholesalers company in Enid, Oklahoma, in business since 1976. It is owned by Michael Crouch. Its estimated annual revenue is about $4.7M, with roughly $393K of EBITDA. It has about 4 employees. Its estimated business value is $1.1M (likely range $599K–$1.6M).
Common questions
- Who owns Michael's Air Conditioning & Htg., Inc?
- Michael's Air Conditioning & Htg., Inc is owned by Michael Crouch, according to public sources such as the company's website or filings.
- How much revenue does Michael's Air Conditioning & Htg., Inc make?
- SeeBITDA estimates Michael's Air Conditioning & Htg., Inc's annual revenue at about $4.7M (likely between $3.1M and $5.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Michael's Air Conditioning & Htg., Inc worth?
- About $1.1M, roughly 2.9× its estimated EBITDA of $393K, typical for a warm air heating and air-conditioning equipment and supplies merchant wholesalers company its size. Likely range: $599K–$1.6M.
- How many employees does Michael's Air Conditioning & Htg., Inc have?
- About 4, as reported on its PPP loan.
- When was Michael's Air Conditioning & Htg., Inc founded?
- Michael's Air Conditioning & Htg., Inc has been in business since 1976.
- Is Michael's Air Conditioning & Htg., Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 50 years (since 1976); no family successor named on its website.