Nextep Benefits Services, Inc.
How we got $118K
Based on its 2 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 22 years (since 2004)
- Founder still runs it after 22 years
From public records and the company's website, not a statement that it's for sale.
What they do
Nextep Professional Services is a Professional Employer Organization (PEO) that handles HR, payroll, employee benefits, and risk and compliance for growing businesses nationwide, while clients keep control of daily operations.
From the company's website. Industry: Staffing & recruiting.
Customers & suppliers
Customers
- Trango · named on its website
- University of Oklahoma · named on its website
Estimated value over time
▲ 42% 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 |
|---|---|---|
| NEXTEP BENEFITS SERVICES, INC. this business | $311K | — |
| NEXTEP PROFESSIONAL SERVICES, INC. Norman · 182 employees | $30.5M | 0.0 mi |
| DAV-FORCE INC Norman · 111 employees | $18.6M | 1.0 mi |
| S&J STAFFING Norman · 29 employees | $5.1M | 1.0 mi |
| STEOPLE GROUP LLC Norman · 1 employees | $181K | 1.1 mi |
| ALLSHORE GLOBAL RESOURCES LLC Norman · 6 employees | $1.3M | 2.8 mi |
| THE VITRUVIAN GROUP, LLC Norman · 2 employees | $296K | 3.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $295K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $252K |
| Estimate: the two combined (geometric mean) | $311K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $47K |
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 | $118K |
| Multiple for this size and industry | 2.5× |
| Value range | $62K – $162K |
| Revenue range | $204K – $354K |
| EBITDA range | $31K – $54K |
| Industry (NAICS) | Professional Employer Organizations (561330) |
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
“For nearly 30 years, Nextep has built a secure, reliable foundation for growing businesses nationwide.”
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 |
|---|---|---|---|
| 4/5/2020 | first | $23K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Nextep Benefits Services, Inc.
Nextep Benefits Services, Inc. is a staffing & recruiting company in Norman, Oklahoma, in business since 2004. It is owned by Brian Fayak (Founder & CEO). Its estimated annual revenue is about $311K, with roughly $47K of EBITDA. It has about 2 employees. Its estimated business value is $118K (likely range $62K–$162K).
Common questions
- Who owns Nextep Benefits Services, Inc.?
- Nextep Benefits Services, Inc. is owned by Brian Fayak (Founder & CEO), according to public sources such as the company's website or filings.
- How much revenue does Nextep Benefits Services, Inc. make?
- SeeBITDA estimates Nextep Benefits Services, Inc.'s annual revenue at about $311K (likely between $204K and $354K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nextep Benefits Services, Inc. worth?
- About $118K, roughly 2.5× its estimated EBITDA of $47K, typical for a staffing & recruiting company its size. Likely range: $62K–$162K.
- How many employees does Nextep Benefits Services, Inc. have?
- About 2, as reported on its PPP loan.
- When was Nextep Benefits Services, Inc. founded?
- Nextep Benefits Services, Inc. has been in business since 2004.