Southwestern Payroll Service, Inc.
How we got $6.6M
Based on its 40 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 32% 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 71 years (since 1955)
From public records and the company's website, not a statement that it's for sale.
What they do
Southwestern Payroll Service, Inc. provides payroll, time and attendance, garnishment administration, and related HR and compliance services. It says it has served clients since 1958 and lists healthcare, restaurant, franchises, manufacturing, staffing, non-profits, and CPAs among its focus areas.
From the company's website. Industry: Accounting & tax.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MAZZIO'S LLC · Tulsa, 2 mi · $80.0M
- REW III LLC · Tulsa, 1 mi · $70.4M
- HIDEAWAY- 2 INC · Tulsa, 8 mi · $63.9M
- SJK, LLC · Broken Arrow, 4 mi · $48.1M
- WICHITA SDI, LLC · Prague, 63 mi · $46.7M
- Laredo Petroleum · Tulsa, 9 mi · $1.95B
- Aaon, Inc. · Tulsa, 9 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 1 mi · $1.02B
- XCALIBER INTERNATIONAL, LTD · Pryor, 36 mi · $615.5M
- KELVION INC. · Catoosa, 10 mi · $614.3M
- GDH CONSULTING INC · Tulsa, 4 mi · $91.8M
- INCEED LLC · Tulsa, 8 mi · $69.2M
- THE KEY GROUP, INC. · Tulsa, 1 mi · $61.9M
- DRAKE NELSON, LLC · Muskogee, 35 mi · $48.9M
- TULSA'S GREEN COUNTRY STAFFING, L.L.C. · Broken Arrow, 2 mi · $41.1M
- FOLDS OF HONOR FOUNDATION · Owasso, 13 mi · $75.9M
- ROMAN CATHOLIC DIOCESE OF TULSA · Broken Arrow, 4 mi · $68.3M
- WILLIE GEORGE MINISTRIES, INC · Tulsa, 6 mi · $59.6M
- VICTORY CHRISTIAN CENTER INC · Tulsa, 6 mi · $56.8M
- THE CHURCH AT BATTLECREEK INC. · Broken Arrow, 2 mi · $44.9M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTHWESTERN PAYROLL SERVICE, INC. this business | $8.9M | — |
| RJ & ASSOCIATES PC Tulsa · 5 employees | $1.1M | 0.5 mi |
| Dms Ventures Llc Tulsa | $735K | 0.6 mi |
| BR ACCOUNTING & CONSULTING SERVICES INC Tulsa · 3 employees | $453K | 0.7 mi |
| SOONER TAX SERVICE INC Tulsa · 6 employees | $778K | 0.8 mi |
| Sr Tax Service Llc Tulsa | $1.1M | 0.9 mi |
| Legacy Tax Advisors- Tulsa Tax and Bookkeeping Services Tulsa | $1.1M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 40 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.1M |
| Estimate: the two combined (geometric mean) | $8.9M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $1.3M |
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 | $6.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $3.5M – $9.1M |
| Revenue range | $5.8M – $10.1M |
| EBITDA range | $840K – $1.5M |
| Industry (NAICS) | Payroll Services (541214) |
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
“Founded in 1955, Southwestern Payroll Service, Inc. has emerged as one of the most trusted names in payroll & HR services throughout the Tulsa area and beyond, serving 1,300+ organizations in Oklahoma and the surrounding states.”
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $512K | 40 |
| 3/12/2021 | second | $385K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southwestern Payroll Service, Inc.
Southwestern Payroll Service, Inc. is an accounting & tax company in Tulsa, Oklahoma, in business since 1955. It is owned by Darin Alred (President). Its estimated annual revenue is about $8.9M, with roughly $1.3M of EBITDA. It has about 40 employees. Its estimated business value is $6.6M (likely range $3.5M–$9.1M).
Common questions
- Who owns Southwestern Payroll Service, Inc.?
- Southwestern Payroll Service, Inc. is owned by Darin Alred (President), according to public sources such as the company's website or filings.
- How much revenue does Southwestern Payroll Service, Inc. make?
- SeeBITDA estimates Southwestern Payroll Service, Inc.'s annual revenue at about $8.9M (likely between $5.8M and $10.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southwestern Payroll Service, Inc. worth?
- About $6.6M, roughly 5.2× its estimated EBITDA of $1.3M, typical for a accounting & tax company its size. Likely range: $3.5M–$9.1M.
- How many employees does Southwestern Payroll Service, Inc. have?
- About 40, as reported on its PPP loan.
- When was Southwestern Payroll Service, Inc. founded?
- Southwestern Payroll Service, Inc. has been in business since 1955.