Nichols Energy Services LP
How we got $3.0M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 14% 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
▼ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $1.5M |
| 2020 | Form 5500 | 4 | $1.5M |
| 2021 | Form 5500 | 5 | $1.9M |
| 2022 | Form 5500 | 5 | $1.9M |
| 2023 | Form 5500 | 4 | $1.5M |
| 2024 | Form 5500 | 3 | $1.1M |
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 |
|---|---|---|
| NICHOLS ENERGY SERVICES LP this business | $3.4M | — |
| JSC LAND COMPANY, LLC Oklahoma City · 2 employees | $854K | 0.0 mi |
| REHCO, LLC Oklahoma City · 10 employees | $6.7M | 0.0 mi |
| MAUI MANAGEMENT LLC Oklahoma City · 1 employees | $488K | 0.2 mi |
| Neighbors Storage Oklahoma City | $1.7M | 0.2 mi |
| BALORU ENTERPRISES, LLC Oklahoma City · 22 employees | $16.1M | 0.3 mi |
| MICHAEL HILL, PLLC Oklahoma City · 3 employees | $1.9M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $3.4M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $997K |
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 | $3.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.6M – $4.1M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $656K – $1.1M |
| Industry (NAICS) | Lessors of Nonresidential Buildings (except Miniwarehouses) (531120) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $67K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Nichols Energy Services LP
Nichols Energy Services LP is a lessors of nonresidential buildings (except miniwarehouses) company in Oklahoma City, Oklahoma, in business since 2009. Its estimated annual revenue is about $3.4M, with roughly $997K of EBITDA. It has about 3 employees. Its estimated business value is $3.0M (likely range $1.6M–$4.1M).
Common questions
- Who owns Nichols Energy Services LP?
- The owner of Nichols Energy Services LP 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 Nichols Energy Services LP make?
- SeeBITDA estimates Nichols Energy Services LP's annual revenue at about $3.4M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nichols Energy Services LP worth?
- About $3.0M, roughly 3× its estimated EBITDA of $997K, typical for a lessors of nonresidential buildings (except miniwarehouses) company its size. Likely range: $1.6M–$4.1M.
- How many employees does Nichols Energy Services LP have?
- About 3, from its 2024 retirement-plan filing.
- When was Nichols Energy Services LP founded?
- Nichols Energy Services LP has been in business since 2009.