Payne Propane
How we got $341K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Payne Oil Company delivers propane, propane autogas, gasoline, diesel, fuel oil, and kerosene to residential, commercial, agricultural and industrial customers in Central North Carolina, and has done so for over 75 years.
From the company's website. Industry: Fuel Dealers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Payne Propane this business | $1.3M | — |
| Blue Rhino Propane Exchange Ardmore | $9.6M | 6.6 mi |
| Blue Rhino Propane Exchange Ardmore | $9.6M | 8.3 mi |
| Blue Rhino Propane Exchange Ringling | $9.6M | 18.2 mi |
| Red River Propane Marietta | $3.0M | 18.5 mi |
| Sinclair Gas Davis | $5.2M | 20.5 mi |
| Sunoco Ratliff City | $5.2M | 23.5 mi |
The full calculation
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 | $341K |
| Multiple for this size and industry | 2× |
| Value range | $84K – $610K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Fuel Dealers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (14%). Treat these as a rough guide.
| Revenue range | $391K – $1.9M |
| EBITDA range | $53K – $254K |
| Industry (NAICS) | Fuel Dealers (457210) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Payne Propane
Payne Propane is a fuel dealers company in Lone Grove, Oklahoma, in business since 2002. Its estimated annual revenue is about $1.3M, with roughly $171K of EBITDA. Its estimated business value is $341K (likely range $84K–$610K).
Common questions
- Who owns Payne Propane?
- The owner of Payne Propane 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 Payne Propane make?
- SeeBITDA estimates Payne Propane's annual revenue at about $1.3M (likely between $391K and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Payne Propane worth?
- About $341K, roughly 2× its estimated EBITDA of $171K, typical for a fuel dealers company its size. Likely range: $84K–$610K.
- When was Payne Propane founded?
- Payne Propane has been in business since 2002.