Rapid Water Heaters Inc.
How we got $456K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 46% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RAPID WATER HEATERS INC. this business | $2.3M | — |
| BROWN AVIATION TOOL SUPPLY, LLC Oklahoma City · 8 employees | $5.2M | 7.8 mi |
| J & E SUPPLY & FASTENER CO., INC. Oklahoma City · 40 employees | $24.7M | 7.9 mi |
| PIONEER SUPPLY LLC Moore · 21 employees | $14.3M | 9.0 mi |
| Ferguson Waterworks Oklahoma City | $1.2M | 10.0 mi |
| KETNER ENTERPRISES OF MOORE, INC Moore · 5 employees | $3.8M | 10.0 mi |
| BIG RED SUPPLY LLC Norman · 6 employees | $2.5M | 10.4 mi |
Ranges & sources
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $125K – $217K |
| Industry (NAICS) | Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (423720) |
| Value range | $240K – $624K |
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
- BankingSovereign Bank, CenTrust Bank, A Division of SmartBiz Bank National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| CenTrust Bank, A Division of SmartBiz Bank National Association 7(a) 2025 | All 7 borrowers → |
| Sovereign Bank PPP 2020 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $46K | 5 |
Public records
| Jun 2025 | 7(a) | $150K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rapid Water Heaters Inc.
Rapid Water Heaters Inc. is a plumbing and heating equipment and supplies (hydronics) merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2017. It is owned by John Crossett. Its estimated annual revenue is about $2.3M, with roughly $190K of EBITDA. It has about 5 employees. Its estimated business value is $456K (likely range $240K–$624K).
Common questions
- Who owns Rapid Water Heaters Inc.?
- Rapid Water Heaters Inc. is owned by John Crossett, according to public sources such as the company's website or filings.
- How much revenue does Rapid Water Heaters Inc. make?
- SeeBITDA estimates Rapid Water Heaters Inc.'s annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rapid Water Heaters Inc. worth?
- About $456K, roughly 2.4× its estimated EBITDA of $190K, typical for a plumbing and heating equipment and supplies (hydronics) merchant wholesalers company its size. Likely range: $240K–$624K.
- How many employees does Rapid Water Heaters Inc. have?
- About 5, as reported on its PPP loan.
- When was Rapid Water Heaters Inc. founded?
- Rapid Water Heaters Inc. has been in business since 2017.