Norman Heating & Air Conditioning, LLC
How we got $2.3M
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▲ 58% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 24 | $4.9M |
| 2022 | Form 5500 | 16 | $3.3M |
| 2023 | Form 5500 | 34 | $6.9M |
| 2024 | Form 5500 | 33 | $6.7M |
| 2025 | Form 5500 | 38 | $7.8M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NORMAN HEATING & AIR CONDITIONING, LLC this business | $8.2M | — |
| Custom Plumbing By Chris Norman | $1.8M | 0.0 mi |
| ACCEL ELECTRIC & LIGHTING, LLC Norman · 9 employees | $2.9M | 0.2 mi |
| MICHAEL'S CUSTOM ELECTRIC LLC Oklahoma City · 1 employees | $415K | 0.8 mi |
| MESSER ELECTRIC LLC Norman · 30 employees | $8.8M | 0.8 mi |
| CUSTOM PLUMPING BY CHRIS, LLC Oklahoma City · 29 employees | $9.5M | 0.9 mi |
| AND LLC Oklahoma City · 1 employees | $614K | 1.0 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.3M |
| Estimate: the two combined (geometric mean) | $8.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $767K |
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 | $2.3M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.1M |
| Revenue range | $5.4M – $9.4M |
| EBITDA range | $504K – $874K |
| 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
People & 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 |
|---|---|---|---|
| 4/7/2020 | first | $244K | 24 |
About Norman Heating & Air Conditioning, LLC
Norman Heating & Air Conditioning, LLC is a plumbing, heating & air company in Norman, Oklahoma. Its estimated annual revenue is about $8.2M, with roughly $767K of EBITDA. It has about 38 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Norman Heating & Air Conditioning, LLC?
- The owner of Norman Heating & Air Conditioning, LLC 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 Norman Heating & Air Conditioning, LLC make?
- SeeBITDA estimates Norman Heating & Air Conditioning, LLC's annual revenue at about $8.2M (likely between $5.4M and $9.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Norman Heating & Air Conditioning, LLC worth?
- About $2.3M, roughly 3× its estimated EBITDA of $767K, typical for a plumbing, heating & air company its size. Likely range: $1.2M–$3.1M.
- How many employees does Norman Heating & Air Conditioning, LLC have?
- About 38, from its 2025 retirement-plan filing.