Red Baker Propane, Inc.
- Trampas BakerCo-Manager, Operations Supervisor · Company website
How we got $1.8M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 69 years (since 1957)
- Family in the business (Trampas Baker, Co-Manager, Operations Supervisor)
From public records and the company's website, not a statement that it's for sale.
What they do
Red Baker Propane is a family-owned and operated propane company in Moore, Oklahoma, serving residential and commercial customers with propane refills, tank sales and leasing, parts, service, and delivery.
From the company's website. Industry: Fuel Dealers.
Estimated value over time
▲ 35% 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 |
|---|---|---|
| RED BAKER PROPANE, INC. this business | $5.7M | — |
| PREFERRED MATERIAL HANDLING INC. Oklahoma City · 12 employees | $7.2M | 3.2 mi |
| OKLAHOMA SPORTS CONNEXION LLC Moore · 1 employees | $637K | 3.2 mi |
| BOY MOM VIBES Moore · 1 employees | $320K | 3.8 mi |
| OKLAHOMA SECURITY CONTROL SYSTEMS, INC. Oklahoma City · 3 employees | $987K | 4.1 mi |
| BIG G MEDCO Norman · 1 employees | $566K | 5.6 mi |
| GREGORY JOHNSON Norman · 1 employees | $566K | 5.6 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.3M |
| Estimate: the two combined (geometric mean) | $5.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $594K |
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 | $938K – $2.4M |
| Revenue range | $3.7M – $6.5M |
| EBITDA range | $391K – $678K |
| 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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“A.S. Red Baker, along with his wife Gertrude, founded Red Baker Propane & Butane Company in 1957 in southwest Oklahoma City on the old Gilliam place.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $74K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Red Baker Propane, Inc.
Red Baker Propane, Inc. is a family-owned fuel dealers company in Moore, Oklahoma, in business since 1957. It is owned by Karen Baker (Chairman, President, CEO). Its estimated annual revenue is about $5.7M, with roughly $594K of EBITDA. It has about 5 employees. Its estimated business value is $1.8M (likely range $938K–$2.4M).
Common questions
- Who owns Red Baker Propane, Inc.?
- Red Baker Propane, Inc. is owned by Karen Baker (Chairman, President, CEO), according to public sources such as the company's website or filings.
- How much revenue does Red Baker Propane, Inc. make?
- SeeBITDA estimates Red Baker Propane, Inc.'s annual revenue at about $5.7M (likely between $3.7M and $6.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Red Baker Propane, Inc. worth?
- About $1.8M, roughly 3× its estimated EBITDA of $594K, typical for a fuel dealers company its size. Likely range: $938K–$2.4M.
- How many employees does Red Baker Propane, Inc. have?
- About 5, as reported on its PPP loan.
- When was Red Baker Propane, Inc. founded?
- Red Baker Propane, Inc. has been in business since 1957.