Ray Queen, Inc.
How we got $3.8M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 31% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RAY QUEEN, INC. this business | $7.2M | — |
| CHRIS GIBSON LOGGING, LLC. Broken Bow · 21 employees | $8.7M | 1.1 mi |
| R AND S LOGGING INC. Broken Bow · 13 employees | $4.3M | 4.2 mi |
| MB LOGGING LLC Broken Bow · 2 employees | $809K | 7.1 mi |
| ANDERSON LOGGING, LLC Broken Bow · 22 employees | $9.3M | 7.3 mi |
| HURLIMAN FORESTRY SERVICES, INC. Broken Bow · 3 employees | $1.7M | 7.4 mi |
| D & M CHIPPING, INC Idabel · 7 employees | $3.1M | 10.8 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.4M |
| Estimate: the two combined (geometric mean) | $7.2M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $993K |
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 | $3.8M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.0M – $5.2M |
| Revenue range | $4.7M – $8.2M |
| EBITDA range | $653K – $1.1M |
| Industry (NAICS) | Agriculture, Forestry, Fishing (113310) |
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: approximate sector default. 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/29/2020 | first | $155K | 15 |
About Ray Queen, Inc.
Ray Queen, Inc. is an agriculture, forestry, fishing company in Broken Bow, Oklahoma. Its estimated annual revenue is about $7.2M, with roughly $993K of EBITDA. It has about 15 employees. Its estimated business value is $3.8M (likely range $2.0M–$5.2M).
Common questions
- Who owns Ray Queen, Inc.?
- The owner of Ray Queen, Inc. 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 Ray Queen, Inc. make?
- SeeBITDA estimates Ray Queen, Inc.'s annual revenue at about $7.2M (likely between $4.7M and $8.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ray Queen, Inc. worth?
- About $3.8M, roughly 3.8× its estimated EBITDA of $993K, typical for a agriculture, forestry, fishing company its size. Likely range: $2.0M–$5.2M.
- How many employees does Ray Queen, Inc. have?
- About 15, as reported on its PPP loan.