Mid-State Manufactured Housing Corp.
How we got $4.3M
Based on its 14 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 44 years (since 1982)
- Family in the business (Gerald Lawson, Founder)
From public records and the company's website, not a statement that it's for sale.
What they do
Mid-State Manufactured Housing buys and sells new and used mobile homes, manufactured homes, modular homes and land. It is a family-owned business in Purcell, OK, serving Oklahomans seeking to become homeowners.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 33% since 2021Today'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 |
|---|---|---|
| MID-STATE MANUFACTURED HOUSING CORP. this business | $17.6M | — |
| THE MAIN VAPOR, LLC Purcell · 7 employees | $2.4M | 0.8 mi |
| NU-WAY AUTO & EQUIPMENT SALES LLC Lexington · 1 employees | $889K | 3.8 mi |
| BARGAIN BARNS & BUILDINGS LLC Lexington · 3 employees | $2.2M | 6.2 mi |
| TRUPRODUCTS LLC Lexington · 4 employees | $2.5M | 7.5 mi |
| THE INTAKE, LLC Norman · 10 employees | $6.2M | 15.2 mi |
| NORMAN FIREHOUSE ART CENTER, INC Norman · 8 employees | $690K | 15.4 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $13.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.9M |
| Estimate: the two combined (geometric mean) | $17.6M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.8M |
| Revenue range | $11.5M – $20.0M |
| EBITDA range | $781K – $1.4M |
| Industry (NAICS) | Retail Trade (453930) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Since 1982 we have been helping Oklahomans become home owners, by conducting business in a friendly and professional manner.”
Leadership
- GLGerald LawsonFounder · Company website · source
- WCWill CrossHome Sales Consultant · Company website · source
- JMJustin MinyardHome Sales Consultant · Company website · source
- DLDevon LloydFinance Manager · Company website · source
- MCMary ChandlerH.R / Accounts Payable Service Coordinator · Company website · source
- DCDan ChandlerService Department · Company website · source
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/12/2021 | first | $195K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid-State Manufactured Housing Corp.
Mid-State Manufactured Housing Corp. is a family-owned retail trade company in Purcell, Oklahoma, in business since 1982. It is owned by Jon Lawson (Owner / Manager). Its estimated annual revenue is about $17.6M, with roughly $1.2M of EBITDA. It has about 14 employees. Its estimated business value is $4.3M (likely range $2.2M–$5.8M).
Common questions
- Who owns Mid-State Manufactured Housing Corp.?
- Mid-State Manufactured Housing Corp. is owned by Jon Lawson (Owner / Manager), according to public sources such as the company's website or filings.
- How much revenue does Mid-State Manufactured Housing Corp. make?
- SeeBITDA estimates Mid-State Manufactured Housing Corp.'s annual revenue at about $17.6M (likely between $11.5M and $20.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-State Manufactured Housing Corp. worth?
- About $4.3M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a retail trade company its size. Likely range: $2.2M–$5.8M.
- How many employees does Mid-State Manufactured Housing Corp. have?
- About 14, as reported on its PPP loan.
- When was Mid-State Manufactured Housing Corp. founded?
- Mid-State Manufactured Housing Corp. has been in business since 1982.