How we got $618K
Based on its 4 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 20% since 2021Today'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 |
|---|---|---|
| REECE MORREL this business | $1.5M | — |
| MORREL LAW PLLC Tulsa · 4 employees | $1.7M | 0.0 mi |
| Quandt Law Firm Tulsa | $948K | 0.1 mi |
| SHAMAS & REID PC Tulsa · 5 employees | $1.5M | 0.1 mi |
| Law Office Of Joseph Harvey Hanson Tulsa | $948K | 0.1 mi |
| OKLAHOMA DISABILITY LAW CENTER Tulsa · 18 employees | $2.9M | 0.3 mi |
| FULKERSON & CREWS, PLLC Tulsa · 7 employees | $2.3M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $269K |
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 | $618K |
| Multiple for this size and industry | 2.3× |
| Value range | $325K – $845K |
| Revenue range | $985K – $1.7M |
| EBITDA range | $177K – $306K |
| Industry (NAICS) | Offices of Lawyers (541110) |
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. 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
- 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 Roles are as stated there and may be out of date.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 2021 | 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 |
|---|---|---|---|
| 3/23/2021 | second | $53K | 4 |
About Reece Morrel
Reece Morrel is a law firms company in Tulsa, Oklahoma. Its estimated annual revenue is about $1.5M, with roughly $269K of EBITDA. It has about 4 employees. Its estimated business value is $618K (likely range $325K–$845K).
Common questions
- Who owns Reece Morrel?
- The owner of Reece Morrel 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 Reece Morrel make?
- SeeBITDA estimates Reece Morrel's annual revenue at about $1.5M (likely between $985K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Reece Morrel worth?
- About $618K, roughly 2.3× its estimated EBITDA of $269K, typical for a law firms company its size. Likely range: $325K–$845K.
- How many employees does Reece Morrel have?
- About 4, as reported on its PPP loan.