Spartan Pool and Patio LLC
How we got $2.8M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 18 years (since 2008)
- Headcount down 39% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Spartan Pool & Patio is a family-owned pool builder and retail store in Norman, Oklahoma, offering custom concrete pools, hot tubs, outdoor living items, and pool service for Oklahoma homeowners.
From the company's website. Industry: Fencing, siding & exterior.
Customers & suppliers
Customers
- Oklahoma Red Door Management · named on its website
Suppliers & brands
- American Whirpool · brand it sells or installs
- Big Green Egg · brand it sells or installs
- Latham · brand it sells or installs
Estimated value over time
▲ 23% 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
▼ 19% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 27 | $6.9M |
| 2020 | Form 5500 | 22 | $5.6M |
| 2021 | Form 5500 | 18 | $4.6M |
| 2022 | Form 5500 | 23 | $5.9M |
| 2023 | Form 5500 | 35 | $8.9M |
| 2024 | Form 5500 | 36 | $9.2M |
| 2025 | Form 5500 | 22 | $5.6M |
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 |
|---|---|---|
| SPARTAN POOL AND PATIO LLC this business | $10.7M | — |
| J ROYAL FENCE Norman · 2 employees | $1.0M | 1.2 mi |
| D OWEN CONSTRUCTION LLC Norman · 31 employees | $10.5M | 1.3 mi |
| OKLAHOMA COATINGS AND DESIGN Norman · 10 employees | $3.1M | 1.5 mi |
| DIXON LAND SERVICES LLC Norman · 1 employees | $649K | 1.8 mi |
| INNOVATIVE EXCAVATING LLC Norman · 5 employees | $2.0M | 2.0 mi |
| NORMAN FENCE COMPANY L & C OWNERS LLC Norman · 1 employees | $838K | 2.6 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.6M |
| Estimate: the two combined (geometric mean) | $10.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $995K |
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 | $2.8M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.5M – $3.8M |
| Revenue range | $7.0M – $12.2M |
| EBITDA range | $654K – $1.1M |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
“In 2008, brothers Jordan Demeter and Sam Stroud founded what is now Spartan Pool and Patio.”
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 |
|---|---|---|---|
| 4/14/2020 | first | $237K | 27 |
| 1/21/2021 | second | $266K | 27 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spartan Pool and Patio LLC
Spartan Pool and Patio LLC is a family-owned fencing, siding & exterior company in Norman, Oklahoma, in business since 2008. It is owned by Jordan Demeter (Founder). Its estimated annual revenue is about $10.7M, with roughly $995K of EBITDA. It has about 22 employees. Its estimated business value is $2.8M (likely range $1.5M–$3.8M).
Common questions
- Who owns Spartan Pool and Patio LLC?
- Spartan Pool and Patio LLC is owned by Jordan Demeter (Founder), according to public sources such as the company's website or filings.
- How much revenue does Spartan Pool and Patio LLC make?
- SeeBITDA estimates Spartan Pool and Patio LLC's annual revenue at about $10.7M (likely between $7.0M and $12.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spartan Pool and Patio LLC worth?
- About $2.8M, roughly 2.8× its estimated EBITDA of $995K, typical for a fencing, siding & exterior company its size. Likely range: $1.5M–$3.8M.
- How many employees does Spartan Pool and Patio LLC have?
- About 22, from its 2025 retirement-plan filing.
- When was Spartan Pool and Patio LLC founded?
- Spartan Pool and Patio LLC has been in business since 2008.