South Manufacturing Co., Inc.
How we got $2.1M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 59 years (since 1967)
- Founder still runs it after 59 years
From public records and the company's website, not a statement that it's for sale.
What they do
South Manufacturing Co., Inc. is a Bixby, Oklahoma company that manufactures industrial radiographic and medical radiology accessories, offering products since the mid-1960s. Its website describes clients relying on its quality, service and value.
From the company's website. Industry: All Other Miscellaneous Manufacturing.
Estimated value over time
▲ 33% 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 |
|---|---|---|
| SOUTH MANUFACTURING CO., INC. this business | $3.9M | — |
| RATH MUSIC GROUP, INC. Bixby · 5 employees | $1.1M | 0.6 mi |
| KHEZRI BROTHERS, INC Tulsa · 29 employees | $5.7M | 1.9 mi |
| TULSA GOLD AND GEMS INC Tulsa · 9 employees | $4.0M | 3.2 mi |
| GARNETT CORPORATION Broken Arrow · 7 employees | $2.9M | 5.0 mi |
| UNDERWATER SERVICES LLC Broken Arrow · 1 employees | $487K | 5.7 mi |
| ACURA NEON INC Broken Arrow · 29 employees | $7.3M | 5.8 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $536K |
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 | $2.1M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.1M – $2.9M |
| Revenue range | $2.5M – $4.4M |
| EBITDA range | $353K – $611K |
| Industry (NAICS) | All Other Miscellaneous Manufacturing (339999) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“Our founder, Navy veteran and field X-ray tech Leo Coombs, set out on a mission to manufacture the best radiography accessories available in the U.S.A.”
Advisors
- BankingGrand 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
| Grand Bank PPP 2020, PPP 2021 | All 407 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $119K | 8 |
| 2/4/2021 | second | $119K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About South Manufacturing Co., Inc.
South Manufacturing Co., Inc. is an all other miscellaneous manufacturing company in Bixby, Oklahoma, in business since 1967. It is owned by Leo Coombs (Founder). Its estimated annual revenue is about $3.9M, with roughly $536K of EBITDA. It has about 8 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.9M).
Common questions
- Who owns South Manufacturing Co., Inc.?
- South Manufacturing Co., Inc. is owned by Leo Coombs (Founder), according to public sources such as the company's website or filings.
- How much revenue does South Manufacturing Co., Inc. make?
- SeeBITDA estimates South Manufacturing Co., Inc.'s annual revenue at about $3.9M (likely between $2.5M and $4.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is South Manufacturing Co., Inc. worth?
- About $2.1M, roughly 3.9× its estimated EBITDA of $536K, typical for a all other miscellaneous manufacturing company its size. Likely range: $1.1M–$2.9M.
- How many employees does South Manufacturing Co., Inc. have?
- About 8, as reported on its PPP loan.
- When was South Manufacturing Co., Inc. founded?
- South Manufacturing Co., Inc. has been in business since 1967.
- Is South Manufacturing Co., Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 59 years (since 1967); founder still runs it after 59 years.