Souter Limestone and Minerals LLC
How we got $7.0M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 50% 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.
Employees over time
▲ 36% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $5.7M |
| 2022 | Form 5500 | 16 | $6.5M |
| 2023 | Form 5500 | 16 | $6.5M |
| 2024 | Form 5500 | 19 | $7.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTER LIMESTONE AND MINERALS LLC this business | $6.4M | — |
| WILDHORSE STONE, INC Sallisaw · 4 employees | $1.9M | 16.7 mi |
| BEDROCK STONE LLC Stigler · 2 employees | $1.4M | 17.9 mi |
| STONE SPLITTERS, INC. Sallisaw · 6 employees | $2.4M | 18.8 mi |
| YOUNGMAN ROCK INC Muskogee · 10 employees | $4.8M | 19.2 mi |
| 3C STONE COMPANY LLC Stigler · 20 employees | $8.5M | 22.6 mi |
| COYLE STONE LLC Stigler · 33 employees | $23.4M | 22.6 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $6.4M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $1.6M |
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 | $7.0M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.7M – $9.6M |
| Revenue range | $4.2M – $7.3M |
| EBITDA range | $1.0M – $1.8M |
| Industry (NAICS) | Crushed and Broken Limestone Mining and Quarrying (212312) |
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
- BankingArmstrong 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
| Armstrong Bank PPP 2020 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $103K | 14 |
About Souter Limestone and Minerals LLC
Souter Limestone and Minerals LLC is a crushed and broken limestone mining and quarrying company in Gore, Oklahoma. Its estimated annual revenue is about $6.4M, with roughly $1.6M of EBITDA. It has about 19 employees. Its estimated business value is $7.0M (likely range $3.7M–$9.6M).
Common questions
- Who owns Souter Limestone and Minerals LLC?
- The owner of Souter Limestone and Minerals LLC 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 Souter Limestone and Minerals LLC make?
- SeeBITDA estimates Souter Limestone and Minerals LLC's annual revenue at about $6.4M (likely between $4.2M and $7.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Souter Limestone and Minerals LLC worth?
- About $7.0M, roughly 4.5× its estimated EBITDA of $1.6M, typical for a crushed and broken limestone mining and quarrying company its size. Likely range: $3.7M–$9.6M.
- How many employees does Souter Limestone and Minerals LLC have?
- About 19, from its 2024 retirement-plan filing.