How we got $2.4M
Based on its 45 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 8% 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.
Employees over time
▲ 229% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 45 | $2.9M |
| 2022 | Form 5500 | 106 | $6.9M |
| 2023 | Form 5500 | 113 | $7.4M |
| 2024 | Form 5500 | 136 | $8.9M |
| 2025 | Form 5500 | 148 | $9.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MILL AVE INC this business | $6.6M | — |
| Wright Tree Service Tulsa | $958K | 0.3 mi |
| EARTH ENTERPRISES INC Tulsa · 2 employees | $356K | 0.8 mi |
| Zerorez Of Tulsa Tulsa | $958K | 1.1 mi |
| Northeastern Irrigation & Landscape, Inc. Tulsa | $1.3M | 1.3 mi |
| Preferred Pressure Washing Services Tulsa | $958K | 1.5 mi |
| ServiceMaster Tulsa | $958K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 45 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.7M |
| Estimate: the two combined (geometric mean) | $6.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $706K |
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 | $2.4M |
| Multiple for this size and industry | 3.4× |
| Value range | $1.3M – $3.3M |
| Revenue range | $4.3M – $7.5M |
| EBITDA range | $464K – $805K |
| Industry (NAICS) | Janitorial Services (561720) |
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
Advisors
- BankingFirst Oklahoma 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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $483K | 43 |
| 1/21/2021 | second | $483K | 45 |
About Mill Ave Inc
Mill Ave Inc is a commercial cleaning & janitorial company in Tulsa, Oklahoma. Its estimated annual revenue is about $6.6M, with roughly $706K of EBITDA. It has about 148 employees. Its estimated business value is $2.4M (likely range $1.3M–$3.3M).
Common questions
- Who owns Mill Ave Inc?
- The owner of Mill Ave Inc 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 Mill Ave Inc make?
- SeeBITDA estimates Mill Ave Inc's annual revenue at about $6.6M (likely between $4.3M and $7.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mill Ave Inc worth?
- About $2.4M, roughly 3.4× its estimated EBITDA of $706K, typical for a commercial cleaning & janitorial company its size. Likely range: $1.3M–$3.3M.
- How many employees does Mill Ave Inc have?
- About 148, from its 2025 retirement-plan filing.