Midwest Cast Stone Inc.
How we got $1.4M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 20 years (since 2006)
- Founder still runs it after 20 years
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Cast Stone Inc. produces cast stone products for commercial and residential projects, emphasizing high quality and customer service.
From the company's website. Industry: Concrete & foundations.
Estimated value over time
▲ 0% 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 |
|---|---|---|
| MIDWEST CAST STONE INC. this business | $4.8M | — |
| BLUE-CHIP ROOFING AND EXTERIORS LLC Oklahoma City · 6 employees | $3.1M | 0.3 mi |
| Jeh Company Oklahoma City | $2.2M | 0.5 mi |
| FIREPLACE SPECIALISTS, LLC Oklahoma City · 8 employees | $1.9M | 0.7 mi |
| A & D CONCRETE PAVING, LLC Oklahoma City · 2 employees | $561K | 1.2 mi |
| COBB ROOFING LLC Oklahoma City · 2 employees | $1.0M | 1.2 mi |
| QUAL CON LLC Oklahoma City · 1 employees | $1.0M | 1.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.2M |
| Estimate: the two combined (geometric mean) | $4.8M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $510K |
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 | $1.4M |
| Multiple for this size and industry | 2.8× |
| Value range | $751K – $2.0M |
| Revenue range | $3.2M – $5.5M |
| EBITDA range | $335K – $581K |
| Industry (NAICS) | Poured Concrete Foundation and Structure Contractors (238110) |
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
“Midwest Cast Stone is a family owned business started by Johnnie Nail 17 years ago.”
Advisors
- BankingInterBankPPP / 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
| InterBank PPP 2020 | All 585 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $131K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Cast Stone Inc.
Midwest Cast Stone Inc. is a family-owned concrete & foundations company in Oklahoma City, Oklahoma, in business since 2006. It is owned by Johnnie Nail (Founder). Its estimated annual revenue is about $4.8M, with roughly $510K of EBITDA. It has about 10 employees. Its estimated business value is $1.4M (likely range $751K–$2.0M).
Common questions
- Who owns Midwest Cast Stone Inc.?
- Midwest Cast Stone Inc. is owned by Johnnie Nail (Founder), according to public sources such as the company's website or filings.
- How much revenue does Midwest Cast Stone Inc. make?
- SeeBITDA estimates Midwest Cast Stone Inc.'s annual revenue at about $4.8M (likely between $3.2M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Cast Stone Inc. worth?
- About $1.4M, roughly 2.8× its estimated EBITDA of $510K, typical for a concrete & foundations company its size. Likely range: $751K–$2.0M.
- How many employees does Midwest Cast Stone Inc. have?
- About 10, as reported on its PPP loan.
- When was Midwest Cast Stone Inc. founded?
- Midwest Cast Stone Inc. has been in business since 2006.