Raster Masters LLC
How we got $6.0M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 23 years (since 2003)
- Founder still runs it after 23 years
- Headcount down 70% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 7% 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
▼ 77% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $5.3M |
| 2020 | Form 5500 | 23 | $3.9M |
| 2021 | Form 5500 | 17 | $2.9M |
| 2022 | Form 5500 | 14 | $2.4M |
| 2023 | Form 5500 | 13 | $2.2M |
| 2024 | Form 5500 | 7 | $1.2M |
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 |
|---|---|---|
| RASTER MASTERS LLC this business | $9.0M | — |
| ANGELO SCURO INC Oklahoma City · 1 employees | $621K | 0.8 mi |
| MIDCON, INC. Oklahoma City | $14.4M | 2.2 mi |
| AAMCOMP COMPUTERS Oklahoma City · 6 employees | $1.7M | 2.9 mi |
| CPU PARTNERSHIP Oklahoma City · 9 employees | $2.6M | 3.0 mi |
| VERITRIS GROUP, INC. Oklahoma City · 10 employees | $4.7M | 3.6 mi |
| AGILE ONE SOLUTIONS, L.L.C. Oklahoma City · 15 employees | $5.4M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.1M |
| Estimate: the two combined (geometric mean) | $9.0M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.1M |
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 | $6.0M |
| Multiple for this size and industry | 5.4× |
| Value range | $3.2M – $8.2M |
| Revenue range | $5.9M – $10.2M |
| EBITDA range | $734K – $1.3M |
| Industry (NAICS) | Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingCrossFirst 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
| CrossFirst Bank PPP 2020 | All 299 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $269K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Raster Masters LLC
Raster Masters LLC is an it & software company in Oklahoma City, Oklahoma, in business since 2003. It is owned by Carlos Gonzalez (Founder). Its estimated annual revenue is about $9.0M, with roughly $1.1M of EBITDA. It has about 7 employees. Its estimated business value is $6.0M (likely range $3.2M–$8.2M).
Common questions
- Who owns Raster Masters LLC?
- Raster Masters LLC is owned by Carlos Gonzalez (Founder), according to public sources such as the company's website or filings.
- How much revenue does Raster Masters LLC make?
- SeeBITDA estimates Raster Masters LLC's annual revenue at about $9.0M (likely between $5.9M and $10.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Raster Masters LLC worth?
- About $6.0M, roughly 5.4× its estimated EBITDA of $1.1M, typical for a it & software company its size. Likely range: $3.2M–$8.2M.
- How many employees does Raster Masters LLC have?
- About 7, from its 2024 retirement-plan filing.
- When was Raster Masters LLC founded?
- Raster Masters LLC has been in business since 2003.
- Is Raster Masters LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 23 years (since 2003); founder still runs it after 23 years; headcount down 70% since 2020 (retirement plan filings).