Richard Development LLC
How we got $9.5M
Based on 35 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 44% 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 |
|---|---|---|
| RICHARD DEVELOPMENT LLC this business | $45.8M | — |
| JOHN BEAUCHAMP Lawton · 1 employees | $415K | 1.3 mi |
| WELLS CONSTRUCTION RD Lawton · 3 employees | $2.5M | 2.0 mi |
| WATERSTONE PROPERTIES, LLC Lawton · 2 employees | $2.1M | 2.8 mi |
| TOTAL BUILDERS, LLC Lawton · 1 employees | $333K | 2.9 mi |
| BIBY CONSTRUCTION INC Lawton · 2 employees | $2.1M | 3.8 mi |
| MAGMA CONSTRUCTION LLC Lawton · 1 employees | $856K | 4.4 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Industry revenue per employee | $741K |
| Revenue = employees × revenue per employee | $45.8M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $2.3M |
| Cross-check: revenue implied by PPP payroll | $3.4M |
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 | $9.5M |
| Multiple for this size and industry | 4.1× |
| Value range | $4.5M – $13.5M |
| Revenue range | $27.1M – $54.2M |
| EBITDA range | $1.4M – $2.7M |
| Industry (NAICS) | New Single-Family Housing Construction (except For-Sale Builders) (236115) |
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
- 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 Roles are as stated there and may be out of date.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, 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 |
|---|---|---|---|
| 4/13/2020 | first | $40K | 35 |
| 4/3/2021 | second | $40K | 5 |
About Richard Development LLC
Richard Development LLC is a home builders company in Lawton, Oklahoma. Its estimated annual revenue is about $45.8M, with roughly $2.3M of EBITDA. It has about 35 employees. Its estimated business value is $9.5M (likely range $4.5M–$13.5M).
Common questions
- Who owns Richard Development LLC?
- The owner of Richard Development LLC 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 Richard Development LLC make?
- SeeBITDA estimates Richard Development LLC's annual revenue at about $45.8M (likely between $27.1M and $54.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Richard Development LLC worth?
- About $9.5M, roughly 4.1× its estimated EBITDA of $2.3M, typical for a home builders company its size. Likely range: $4.5M–$13.5M.
- How many employees does Richard Development LLC have?
- About 35, as reported on its PPP loan.