Spencer Air Conditioning Heating & Refrigeration LLC
How we got $1.2M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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 |
|---|---|---|
| SPENCER AIR CONDITIONING HEATING & REFRIGERATION LLC this business | $4.6M | — |
| CRAMER COMMUNICATIONS LLC Spencer · 3 employees | $892K | 0.3 mi |
| BRAGGS PLUMBING INC Spencer · 4 employees | $1.1M | 1.7 mi |
| SPOTLIGHT ELECTRIC, INC. Spencer · 4 employees | $1.2M | 2.4 mi |
| SHIREY ELECTRIC, LLC Spencer · 7 employees | $1.6M | 2.7 mi |
| OKC Plumbing Experts Oklahoma City | $1.8M | 2.7 mi |
| JEAN'S PLUMBING CO. Jones · 7 employees | $2.2M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.1M |
| Estimate: the two combined (geometric mean) | $4.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $492K |
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 | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $622K – $1.6M |
| Revenue range | $3.1M – $5.3M |
| EBITDA range | $324K – $561K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $139K | 14 |
| 3/16/2021 | second | $139K | 16 |
About Spencer Air Conditioning Heating & Refrigeration LLC
Spencer Air Conditioning Heating & Refrigeration LLC is a plumbing, heating & air company in Spencer, Oklahoma. Its estimated annual revenue is about $4.6M, with roughly $492K of EBITDA. It has about 16 employees. Its estimated business value is $1.2M (likely range $622K–$1.6M).
Common questions
- Who owns Spencer Air Conditioning Heating & Refrigeration LLC?
- The owner of Spencer Air Conditioning Heating & Refrigeration 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 Spencer Air Conditioning Heating & Refrigeration LLC make?
- SeeBITDA estimates Spencer Air Conditioning Heating & Refrigeration LLC's annual revenue at about $4.6M (likely between $3.1M and $5.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spencer Air Conditioning Heating & Refrigeration LLC worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $492K, typical for a plumbing, heating & air company its size. Likely range: $622K–$1.6M.
- How many employees does Spencer Air Conditioning Heating & Refrigeration LLC have?
- About 16, as reported on its PPP loan.