Rayco Paraffin Service, Inc.
How we got $1.8M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| RAYCO PARAFFIN SERVICE, INC. this business | $2.0M | — |
| JV WELL SERVICE, INC Hennessey · 17 employees | $7.3M | 0.0 mi |
| ENERGY METER SYSTEMS, LLC Hennessey · 42 employees | $19.6M | 0.5 mi |
| Teppco Crude Pipeline Hennessey | $1.5M | 0.8 mi |
| TRIPLE J WELL SERVICE CORP Hennessey · 10 employees | $3.7M | 1.5 mi |
| MKS PUMPING INC. Hennessey · 10 employees | $3.0M | 1.6 mi |
| R&S HYDROTESTING, INC. Hennessey · 5 employees | $1.6M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $593K |
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 | $1.8M |
| Multiple for this size and industry | 3× |
| Value range | $937K – $2.4M |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $390K – $677K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingInterBankPPP / 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 Roles are as stated there and may be out of date.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
| InterBank PPP 2020, PPP 2021 | All 585 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $39K | 4 |
| 2/6/2021 | second | $39K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rayco Paraffin Service, Inc.
Rayco Paraffin Service, Inc. is an oil & gas company in Hennessey, Oklahoma, in business since 2012. Its estimated annual revenue is about $2.0M, with roughly $593K of EBITDA. It has about 4 employees. Its estimated business value is $1.8M (likely range $937K–$2.4M).
Common questions
- Who owns Rayco Paraffin Service, Inc.?
- The owner of Rayco Paraffin Service, 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 Rayco Paraffin Service, Inc. make?
- SeeBITDA estimates Rayco Paraffin Service, Inc.'s annual revenue at about $2.0M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rayco Paraffin Service, Inc. worth?
- About $1.8M, roughly 3× its estimated EBITDA of $593K, typical for a oil & gas company its size. Likely range: $937K–$2.4M.
- How many employees does Rayco Paraffin Service, Inc. have?
- About 4, as reported on its PPP loan.
- When was Rayco Paraffin Service, Inc. founded?
- Rayco Paraffin Service, Inc. has been in business since 2012.