Midway Services LLC
How we got $1.7M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 5% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MIDWAY SERVICES LLC this business | $1.9M | — |
| MOSMO SERVICES LLC. Edmond · 1 employees | $483K | 1.6 mi |
| 1775 ENERGY LLC Edmond · 2 employees | $794K | 1.6 mi |
| MONTGOMERY PROPERTY LLC Edmond · 1 employees | $712K | 1.8 mi |
| PHIL MONTGOMERY Edmond · 1 employees | $621K | 1.8 mi |
| WILSON ENERGY, LLC Edmond · 2 employees | $1.1M | 1.9 mi |
| C&C LAND INC. Edmond · 1 employees | $429K | 2.2 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $569K |
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 | $1.7M |
| Multiple for this size and industry | 3× |
| Value range | $899K – $2.3M |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $375K – $649K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $38K | 3 |
| 4/14/2020 | first | $29K | 3 |
| 2/2/2021 | second | $47K | 4 |
2 locations
| 5709 Lakewood Rdige Road | Edmond | This listing |
| 9218 W Reno Ave | Oklahoma City | View |
Revenue, profit and value are for the whole company.
About Midway Services LLC
Midway Services LLC is an oil & gas company in Edmond, Oklahoma. Its estimated annual revenue is about $1.9M, with roughly $569K of EBITDA. It has about 4 employees. Its estimated business value is $1.7M (likely range $899K–$2.3M). It has 2 locations.
Common questions
- Who owns Midway Services LLC?
- The owner of Midway Services LLC 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 Midway Services LLC make?
- SeeBITDA estimates Midway Services LLC's annual revenue at about $1.9M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midway Services LLC worth?
- About $1.7M, roughly 3× its estimated EBITDA of $569K, typical for a oil & gas company its size. Likely range: $899K–$2.3M.
- How many employees does Midway Services LLC have?
- About 4, as reported on its PPP loan.