Morris Lett
How we got $177K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 18% 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 |
|---|---|---|
| MORRIS LETT this business | $621K | — |
| TOM YOAKUM Grove · 1 employees | $292K | 1.2 mi |
| STEVENS CONSTRUCTION Grove · 1 employees | $277K | 2.2 mi |
| SM&RT PRODUCTS LLC, DBA CABINET DOORS UNLIMITED Afton · 8 employees | $2.1M | 4.5 mi |
| BARNES CABINET & TRIM LLC Fairland · 4 employees | $859K | 4.6 mi |
| APPLIED PRODUCTS LLC Grove · 19 employees | $12.5M | 5.6 mi |
| FOUR SATES STONE FABRICATORS, LLC Grove · 5 employees | $1.4M | 5.6 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $387K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $766K |
| Estimate: the two combined (geometric mean) | $621K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $93K |
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 | $177K |
| Multiple for this size and industry | 1.9× |
| Value range | $93K – $243K |
| Revenue range | $408K – $708K |
| EBITDA range | $61K – $106K |
| Industry (NAICS) | Flooring Contractors (238330) |
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
Advisors
- BankingPeople's Bank of SenecaPPP / 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 Roles are as stated there and may be out of date.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
| People's Bank of Seneca PPP 2021 | All 19 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/15/2021 | first | $15K | 1 |
About Morris Lett
Morris Lett is a flooring company in Grove, Oklahoma. Its estimated annual revenue is about $621K, with roughly $93K of EBITDA. It has about 1 employees. Its estimated business value is $177K (likely range $93K–$243K).
Common questions
- Who owns Morris Lett?
- The owner of Morris Lett 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 Morris Lett make?
- SeeBITDA estimates Morris Lett's annual revenue at about $621K (likely between $408K and $708K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morris Lett worth?
- About $177K, roughly 1.9× its estimated EBITDA of $93K, typical for a flooring company its size. Likely range: $93K–$243K.
- How many employees does Morris Lett have?
- About 1, as reported on its PPP loan.