Riggs Tree Service, Inc.
How we got $387K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 51% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RIGGS TREE SERVICE, INC. this business | $1.4M | — |
| PB & J SERVICES, LLC Grove · 13 employees | $2.3M | 0.0 mi |
| RIGGS CONTRACT SERVICES, LLC Grove · 241 employees | $36.7M | 0.2 mi |
| Heaven's Best Carpet Cleaning Grove | $958K | 1.8 mi |
| WILKISON ENTERPRISE LLC Grove · 1 employees | $478K | 2.1 mi |
| Sharp Scapes Grove | $958K | 2.7 mi |
| SILVER ANNIVERSARY ENTERPRISES, INC Afton · 3 employees | $529K | 2.8 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $161K |
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 | $387K |
| Multiple for this size and industry | 2.4× |
| Value range | $204K – $529K |
| Revenue range | $902K – $1.6M |
| EBITDA range | $106K – $184K |
| Industry (NAICS) | Landscaping Services (561730) |
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
- BankingThe Bank of Beaver CityPPP / 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 Roles are as stated there and may be out of date.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
| The Bank of Beaver City PPP 2020 | All 54 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $43K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Riggs Tree Service, Inc.
Riggs Tree Service, Inc. is a landscaping & lawn care company in Grove, Oklahoma, in business since 2012. Its estimated annual revenue is about $1.4M, with roughly $161K of EBITDA. It has about 4 employees. Its estimated business value is $387K (likely range $204K–$529K).
Common questions
- Who owns Riggs Tree Service, Inc.?
- The owner of Riggs Tree 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 Riggs Tree Service, Inc. make?
- SeeBITDA estimates Riggs Tree Service, Inc.'s annual revenue at about $1.4M (likely between $902K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Riggs Tree Service, Inc. worth?
- About $387K, roughly 2.4× its estimated EBITDA of $161K, typical for a landscaping & lawn care company its size. Likely range: $204K–$529K.
- How many employees does Riggs Tree Service, Inc. have?
- About 4, as reported on its PPP loan.
- When was Riggs Tree Service, Inc. founded?
- Riggs Tree Service, Inc. has been in business since 2012.