Mullin Plumbing Inc
How we got $6.7M
Based on its 57 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 36% 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
▲ 53% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 57 | $11.6M |
| 2020 | Form 5500 | 91 | $18.6M |
| 2021 | Form 5500 | 87 | $17.8M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 53 years (since 1973)
From public records and the company's website, not a statement that it's for sale.
What they do
Mullin Plumbing provides residential plumbing, heating, cooling, and septic services to homeowners in Tulsa, OK, with 24/7 emergency support and over 50 years of experience.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- GreenSky · brand it sells or installs
- Murray · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MULLIN PLUMBING INC this business | $21.6M | — |
| MULLIN ENVIRONMENTAL INC Broken Arrow · 17 employees | $5.3M | 0.0 mi |
| DURANT HEAT & AC INC Broken Arrow · 2 employees | $441K | 0.3 mi |
| DURANT HEAT AND AIR INC Broken Arrow · 2 employees | $440K | 0.3 mi |
| S&J ELECTRIC INC Broken Arrow · 5 employees | $1.2M | 0.3 mi |
| CITY LIGHTS CONSTRUCTION LLC Broken Arrow · 15 employees | $2.5M | 0.3 mi |
| COLBURN ELECTRIC, LLC Broken Arrow · 140 employees | $44.4M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 57 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.0M |
| Estimate: the two combined (geometric mean) | $21.6M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $1.9M |
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 | $6.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.6M – $9.2M |
| Revenue range | $14.2M – $24.6M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $707K | 57 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mullin Plumbing Inc
Mullin Plumbing Inc is a plumbing, heating & air company in Broken Arrow, Oklahoma, in business since 1973. It is owned by Robert Morris (CEO). Its estimated annual revenue is about $21.6M, with roughly $1.9M of EBITDA. It has about 87 employees. Its estimated business value is $6.7M (likely range $3.6M–$9.2M).
Common questions
- Who owns Mullin Plumbing Inc?
- Mullin Plumbing Inc is owned by Robert Morris (CEO), according to public sources such as the company's website or filings.
- How much revenue does Mullin Plumbing Inc make?
- SeeBITDA estimates Mullin Plumbing Inc's annual revenue at about $21.6M (likely between $14.2M and $24.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mullin Plumbing Inc worth?
- About $6.7M, roughly 3.6× its estimated EBITDA of $1.9M, typical for a plumbing, heating & air company its size. Likely range: $3.6M–$9.2M.
- How many employees does Mullin Plumbing Inc have?
- About 87, from its 2021 retirement-plan filing.
- When was Mullin Plumbing Inc founded?
- Mullin Plumbing Inc has been in business since 1973.