SeeBITDAOklahoma

Sooner Lock & Key Inc

Electronic and Precision Equipment Repair and Maintenance
  • 5515 S MINGO RD STE C, Tulsa, OK
  • Since 2023
Estimated valueMedium confidence
$806K
$424Klikely range$1.1M
About 3× its yearly profit, typical for a company this size in its industry.
Revenue
$1.9M
a year
Profit (EBITDA)
$269K
14% of revenue
Employees
6
reported in 2020
Dennis Spyres
Owner · source

How we got $806K

Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.

6 employees × $258K each$1.5M
PPP payroll ÷ payroll's usual share of revenue$1.9M
Shown toward the top of its range×1.14
Revenue$1.9M
× 14% profit margin$269K
× 3 sale multiple = value$806K

· Own this business? Correct these figures

What we know

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

What they do

Sooner Lock & Key is a locally owned and operated locksmith serving Tulsa and the surrounding area since 1980, offering lock, key, and safety and security services for auto, residential, and business customers.

Products & services
Lock & Key ServicesSafety & Security SystemsAuto keys madeTransponder anti theft keysSteering column repairsLocks changed – repaired – replacedHigh security locksPanic hardwareDeadbolt locks – Sales & InstallationDoor & frame repairDoor closersMaster key systems
Markets served
AUTORESIDENTIALBUSINESSbusinesseshotelsapartmentsrental property
Service area
TulsaTulsa & Surrounding Area
Certifications
License #1232

From the company's website. Industry: Electronic and Precision Equipment Repair and Maintenance.

Customers & suppliers

Suppliers & brands

  • ASSA · brand it sells or installs
  • PEAKS · brand it sells or installs
  • PRIMUS · brand it sells or installs
  • BEST · brand it sells or installs

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Hotels & motels
Real estate

Estimated value over time

▼ 5% since 2020
$0$489K$979K20202026

Today'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

BusinessEst. revenueEst. profitDistance
SOONER LOCK & KEY INC
this business
$1.9M$269K—
ADVANCED ULTRASOUND ELECTRONICS, INC.
Tulsa · 20 employees
$7.3M$826K0.8 mi
THOMPSON DIESEL INC.
Tulsa · 18 employees
$5.7M$653K1.2 mi
REPAIR ARMY, LLC
Tulsa · 1 employees
$346K$56K1.5 mi
VALKYRIE TECHNOLOGIES LLC
Tulsa · 4 employees
$1.5M$204K1.6 mi
VIC TECH LLC
Tulsa · 1 employees
$197K$32K2.8 mi
DNR SERVICE L.L.C.
Tulsa · 10 employees
$2.5M$310K2.9 mi

The full calculation

Employees reported to the SBA6
Revenue from headcount (employees × revenue per employee for companies this size)$1.5M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$1.9M
Estimate: the two combined (geometric mean)$1.9M
EBITDA margin (industry, adjusted for size)14%
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$806K
Multiple for this size and industry3×
Value range$424K – $1.1M
Revenue range$1.3M – $2.2M
EBITDA range$177K – $306K
Industry (NAICS)Electronic and Precision Equipment Repair and Maintenance (811219)

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

  • BankingBank of America, National AssociationPPP / 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

Bank of America, National Association
PPP 2020
All 1,034 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
5/9/2020first$54K$55K6Bank of America, National Association

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Sooner Lock & Key Inc

Sooner Lock & Key Inc is an electronic and precision equipment repair and maintenance company in Tulsa, Oklahoma, in business since 2023. It is owned by Dennis Spyres. Its estimated annual revenue is about $1.9M, with roughly $269K of EBITDA. It has about 6 employees. Its estimated business value is $806K (likely range $424K–$1.1M).

Common questions

Who owns Sooner Lock & Key Inc?
Sooner Lock & Key Inc is owned by Dennis Spyres, according to public sources such as the company's website or filings.
How much revenue does Sooner Lock & Key Inc make?
SeeBITDA estimates Sooner Lock & Key Inc's annual revenue at about $1.9M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Sooner Lock & Key Inc worth?
About $806K, roughly 3× its estimated EBITDA of $269K, typical for a electronic and precision equipment repair and maintenance company its size. Likely range: $424K–$1.1M.
How many employees does Sooner Lock & Key Inc have?
About 6, as reported on its PPP loan.
When was Sooner Lock & Key Inc founded?
Sooner Lock & Key Inc has been in business since 2023.