How we got $82K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 30% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NICHOLS PLUMBING this business | $273K | — |
| JW PLUMBING LLC CO Chandler · 1 employees | $306K | 9.6 mi |
| A/C WORKS LLC Cushing · 3 employees | $919K | 10.7 mi |
| LINN'S PLUMBING, LLC. Chandler · 8 employees | $2.0M | 11.2 mi |
| Caldwell’s Heat & Air Chandler | $1.9M | 11.8 mi |
| Johnson Plumbing Chandler | $1.9M | 12.2 mi |
| MIKE LAMBS HEATING & AIR CONDITIONING INC Chandler · 4 employees | $1.1M | 12.2 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $259K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $221K |
| Estimate: the two combined (geometric mean) | $273K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $41K |
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 | $82K |
| Multiple for this size and industry | 2× |
| Value range | $43K – $112K |
| Revenue range | $179K – $311K |
| EBITDA range | $27K – $47K |
| 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
- BankingCustomers 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 Roles are as stated there and may be out of date.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
| Customers Bank PPP 2021 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/2/2021 | first | $7K | 1 |
About Nichols Plumbing
Nichols Plumbing is a plumbing, heating & air company in Stroud, Oklahoma. Its estimated annual revenue is about $273K, with roughly $41K of EBITDA. It has about 1 employees. Its estimated business value is $82K (likely range $43K–$112K).
Common questions
- Who owns Nichols Plumbing?
- The owner of Nichols Plumbing 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 Plumbing make?
- SeeBITDA estimates Nichols Plumbing's annual revenue at about $273K (likely between $179K and $311K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nichols Plumbing worth?
- About $82K, roughly 2× its estimated EBITDA of $41K, typical for a plumbing, heating & air company its size. Likely range: $43K–$112K.
- How many employees does Nichols Plumbing have?
- About 1, as reported on its PPP loan.