Sooner Lock & Key Inc
How we got $806K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
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.
- OSAGE NATION GAMING ENTERPRISE · Tulsa, 12 mi · $274.0M
- QUAPAW CASINO AUTHORITY OF THE QUAPAW TRIBE OF OKLAHOMA (O-G · Miami, 81 mi · $36.7M
- SHANGRI-LA RESORT, LLC · Afton, 66 mi · $31.6M
- TULSA HOTEL LLC · Tulsa, 8 mi · $18.6M
- SJS HOSPITALITY LLC · Broken Arrow, 4 mi · $15.4M
- SJCO HOLDINGS, LLC · Tulsa, 3 mi · $62.0M
- ACRON 2 PORSCHE DRIVE, ATLANTA LLC · Tulsa, 6 mi · $56.3M
- STAN JOHNSON SERVICES, INC. · Tulsa, 3 mi · $53.6M
- SANFORD BROTHERS CO., INC. & SUBSIDIARIES · Tulsa, 9 mi · $46.1M
- MCGRAW DAVISSON STEWART, LLC · Tulsa, 6 mi · $42.5M
Estimated value over time
▼ 5% 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 |
|---|---|---|
| SOONER LOCK & KEY INC this business | $1.9M | — |
| ADVANCED ULTRASOUND ELECTRONICS, INC. Tulsa · 20 employees | $7.3M | 0.8 mi |
| THOMPSON DIESEL INC. Tulsa · 18 employees | $5.7M | 1.2 mi |
| REPAIR ARMY, LLC Tulsa · 1 employees | $346K | 1.5 mi |
| VALKYRIE TECHNOLOGIES LLC Tulsa · 4 employees | $1.5M | 1.6 mi |
| VIC TECH LLC Tulsa · 1 employees | $197K | 2.8 mi |
| DNR SERVICE L.L.C. Tulsa · 10 employees | $2.5M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 6 |
| 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 industry | 3× |
| 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
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/9/2020 | first | $54K | 6 |
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.