SeeBITDAOklahoma

Oklahoma Equine Hospital, Inc.

  • 2652 REECE LAKE RD, Washington, OK
  • Since 2009
  • Family-owned
  • NAICS 541940
Estimated valueMedium confidence
$2.8M
$1.5Mlikely range$3.9M
About 3.8× its yearly profit, typical for a company this size in its industry.
Revenue
$4.6M
a year
Profit (EBITDA)
$747K
16% of revenue
Employees
24
reported in 2020
Leadership
Joe Carter
Founder · source
Unlikely to sell soon
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $2.8M

Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.

24 employees × $152K each$3.7M
PPP payroll ÷ payroll's usual share of revenue$4.4M
Shown toward the top of its range×1.14
Revenue$4.6M
× 16% profit margin$747K
× 3.8 sale multiple = value$2.8M

· Own this business? Correct these figures

Estimated value over time

▲ 44% since 2020
$0$1.6M$3.3M20202026

Today'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

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

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.

What they do

Oklahoma Equine Hospital is an equine veterinary clinic offering lameness and rehabilitation, internal medicine, standing MRI, reproduction services, a pharmacy, and stallion services for horse owners.

Products & services
Standing MRILameness ExamsNerve BlocksJoint InjectionsRegenerative Therapies: IRAP | PRP | Stem CellsAcupunctureExtracorporeal Shockwave TreatmentCold Saltwater Spa TherapyAquatreadInternal Medicine & NeonatalogyAmbulatory & TravelingDiagnostics

From the company's website. Industry: Veterinarians.

Customers & suppliers

Customers

  • Todd Crawford Performance Horses · named on its website

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
OKLAHOMA EQUINE HOSPITAL, INC.
this business
$4.6M$747K—
Equine Cold Saltwater Spa
Washington
$728K$168K0.1 mi
HOLLI B PHOTOGRAPHY, LLC
Goldsby · 1 employees
$315K$73K0.8 mi
INTERSTATE EQUINE, LLC
Goldsby · 15 employees
$3.0M$547K1.0 mi
ANIMAL HEALTH CARE & HOUSE-CALL SERVICES, PLLC
Noble · 4 employees
$1.2M$242K3.4 mi
Old Bridge Pet Clinic
Washington
$1.2M$235K3.8 mi
Noble Animal Clinic
Noble
$1.2M$235K4.0 mi

The full calculation

Employees reported to the SBA24
Revenue from headcount (employees × revenue per employee for companies this size)$3.7M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$4.4M
Estimate: the two combined (geometric mean)$4.6M
EBITDA margin (industry, adjusted for size)16%
EBITDA = revenue × margin$747K

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$2.8M
Multiple for this size and industry3.8×
Value range$1.5M – $3.9M
Revenue range$3.0M – $5.2M
EBITDA range$491K – $851K
Industry (NAICS)Veterinary Services (541940)

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

Founded by Dr. Joe Carter DVMFamily-owned
“The founding physician is Dr. Joe Carter DVM, an avid member of NRCHA, NCHA and NRHA who travels extensively serving multiple shows and attending long-standing clients.”

Advisors

  • BankingFirst United Bank and Trust CompanyPPP / 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

First United Bank and Trust Company
PPP 2020
All 2,229 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/9/2020first$189K$190K24First United Bank and Trust Company

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Oklahoma Equine Hospital, Inc.

Oklahoma Equine Hospital, Inc. is a family-owned veterinarians company in Washington, Oklahoma, in business since 2009. It is owned by Joe Carter (Founder). Its estimated annual revenue is about $4.6M, with roughly $747K of EBITDA. It has about 24 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.9M).

Common questions

Who owns Oklahoma Equine Hospital, Inc.?
Oklahoma Equine Hospital, Inc. is owned by Joe Carter (Founder), according to public sources such as the company's website or filings.
How much revenue does Oklahoma Equine Hospital, Inc. make?
SeeBITDA estimates Oklahoma Equine Hospital, Inc.'s annual revenue at about $4.6M (likely between $3.0M and $5.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Oklahoma Equine Hospital, Inc. worth?
About $2.8M, roughly 3.8× its estimated EBITDA of $747K, typical for a veterinarians company its size. Likely range: $1.5M–$3.9M.
How many employees does Oklahoma Equine Hospital, Inc. have?
About 24, as reported on its PPP loan.
When was Oklahoma Equine Hospital, Inc. founded?
Oklahoma Equine Hospital, Inc. has been in business since 2009.