Midway Custom Meat Processing LLC
How we got $513K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 44% 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
What they do
Midway Custom Meat Processing, LLC in Paden, Oklahoma was a custom meat processing business. The site says it closed on July 31, 2024 for lack of business.
From the company's website. Industry: Meat Processed from Carcasses.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MIDWAY CUSTOM MEAT PROCESSING LLC this business | $2.0M | — |
| RingMaster House of Meats Bristow | $3.0M | 22.0 mi |
| BUTCH'S PROCESSING PLANT, INC. Seminole · 4 employees | $2.5M | 28.7 mi |
| RALPH'S PACKING COMPANY, INC. Perkins · 39 employees | $19.7M | 36.4 mi |
| THUNDERBIRD MEAT PROCESSING, LLC Norman · 5 employees | $1.6M | 45.5 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $205K |
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 | $513K |
| Multiple for this size and industry | 2.5× |
| Value range | $270K – $702K |
| Revenue range | $1.3M – $2.3M |
| EBITDA range | $135K – $234K |
| Industry (NAICS) | Meat Processed from Carcasses (311612) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“In 2016 we opened Midway Custom Meat Processing serving all the friends of friends and all the extra family members that we inherited.”
Advisors
- BankingVision 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
| Vision Bank PPP 2020 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $17K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midway Custom Meat Processing LLC
Midway Custom Meat Processing LLC is a meat processed from carcasses company in Paden, Oklahoma, in business since 2012. It is owned by Candice Bailey. Its estimated annual revenue is about $2.0M, with roughly $205K of EBITDA. It has about 6 employees. Its estimated business value is $513K (likely range $270K–$702K).
Common questions
- Who owns Midway Custom Meat Processing LLC?
- Midway Custom Meat Processing LLC is owned by Candice Bailey, according to public sources such as the company's website or filings.
- How much revenue does Midway Custom Meat Processing LLC make?
- SeeBITDA estimates Midway Custom Meat Processing LLC's annual revenue at about $2.0M (likely between $1.3M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midway Custom Meat Processing LLC worth?
- About $513K, roughly 2.5× its estimated EBITDA of $205K, typical for a meat processed from carcasses company its size. Likely range: $270K–$702K.
- How many employees does Midway Custom Meat Processing LLC have?
- About 6, as reported on its PPP loan.
- When was Midway Custom Meat Processing LLC founded?
- Midway Custom Meat Processing LLC has been in business since 2012.