Servpro of Norman
- Cory BatesOwner · Company website
- Michael HoganOwner · Company website
How we got $1.1M
Based on its 23 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 62% 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
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
SERVPRO of Norman is a locally owned cleanup and restoration franchise in Norman, OK, offering water, fire, mold, storm and commercial cleaning and restoration services to homes and businesses, with 24/7 emergency response.
From the company's website. Industry: Home builders.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SERVPRO OF NORMAN this business | $9.2M | — |
| CAVINS CONSTRUCTION GROUP LLC Norman · 20 employees | $9.4M | 0.3 mi |
| STONEWALL HOMES LLC Norman · 8 employees | $7.5M | 0.8 mi |
| TORVI CONSTRUCTION LLC Norman · 2 employees | $1.6M | 1.0 mi |
| STONERIDGE ENTERPRISES, INC. Norman · 5 employees | $2.2M | 1.0 mi |
| STRUTTON SERVICES, LLC Norman · 1 employees | $351K | 1.2 mi |
| WINDSTONE CONSTRUCTION & DEVELOPMENT, LLC Norman · 5 employees | $6.0M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.3M |
| Estimate: the two combined (geometric mean) | $9.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $499K |
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 | $1.1M |
| Multiple for this size and industry | 2.3× |
| Value range | $604K – $1.6M |
| Revenue range | $6.0M – $10.5M |
| EBITDA range | $328K – $569K |
| Industry (NAICS) | Residential Remodelers (236118) |
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
“What began as a small painting business more than 50 years ago has grown into a nationwide leader in the cleaning and restoration industry with more than 2,400 locations.”
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 | 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 |
|---|---|---|---|
| 4/6/2020 | first | $200K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Servpro of Norman
Servpro of Norman is a home builders company in Norman, Oklahoma, in business since 1997. It is owned by Michael Whittle (Co-Owner). Its estimated annual revenue is about $9.2M, with roughly $499K of EBITDA. It has about 23 employees. Its estimated business value is $1.1M (likely range $604K–$1.6M).
Common questions
- Who owns Servpro of Norman?
- Servpro of Norman is owned by Michael Whittle (Co-Owner), according to public sources such as the company's website or filings.
- How much revenue does Servpro of Norman make?
- SeeBITDA estimates Servpro of Norman's annual revenue at about $9.2M (likely between $6.0M and $10.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Servpro of Norman worth?
- About $1.1M, roughly 2.3× its estimated EBITDA of $499K, typical for a home builders company its size. Likely range: $604K–$1.6M.
- How many employees does Servpro of Norman have?
- About 23, as reported on its PPP loan.
- When was Servpro of Norman founded?
- Servpro of Norman has been in business since 1997.