Schmidt Storm Shelters
How we got $254K
Based on its 2 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
Schmidt Storm Shelters is a family owned and operated small business in Enid, OK that builds storm shelters and safe rooms, with over 50 years of experience in the storm shelter industry.
From the company's website. Industry: Concrete & foundations.
Customers & suppliers
Suppliers & brands
- FamilySAFE · brand it sells or installs
Estimated value over time
▼ 4% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SCHMIDT STORM SHELTERS this business | $889K | — |
| Fine Roofing and Remodeling Carrier | $2.2M | 4.5 mi |
| MARTIN SIDING & WINDOWS INC Enid · 3 employees | $848K | 7.7 mi |
| SEEKS WELDING LLC Enid · 2 employees | $636K | 8.2 mi |
| Eagle Concrete Construction Enid | $2.2M | 11.3 mi |
| ARMOUR METAL ROOFING LLC Enid · 1 employees | $624K | 11.4 mi |
| ALLEN MASONRY, INC Enid · 6 employees | $1.6M | 11.5 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $880K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $692K |
| Estimate: the two combined (geometric mean) | $889K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $134K |
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 | $254K |
| Multiple for this size and industry | 1.9× |
| Value range | $134K – $348K |
| Revenue range | $585K – $1.0M |
| EBITDA range | $88K – $153K |
| Industry (NAICS) | Poured Concrete Foundation and Structure Contractors (238110) |
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
- BankingCowboy 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
| Cowboy Bank PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/20/2021 | first | $15K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Schmidt Storm Shelters
Schmidt Storm Shelters is a concrete & foundations company in Goltry, Oklahoma, in business since 2010. Its estimated annual revenue is about $889K, with roughly $134K of EBITDA. It has about 2 employees. Its estimated business value is $254K (likely range $134K–$348K).
Common questions
- Who owns Schmidt Storm Shelters?
- The owner of Schmidt Storm Shelters 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 Schmidt Storm Shelters make?
- SeeBITDA estimates Schmidt Storm Shelters's annual revenue at about $889K (likely between $585K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Schmidt Storm Shelters worth?
- About $254K, roughly 1.9× its estimated EBITDA of $134K, typical for a concrete & foundations company its size. Likely range: $134K–$348K.
- How many employees does Schmidt Storm Shelters have?
- About 2, as reported on its PPP loan.
- When was Schmidt Storm Shelters founded?
- Schmidt Storm Shelters has been in business since 2010.