Spring House Water Co. Inc.
How we got $11.1M
Based on its 18 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 12% 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
▼ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $14.2M |
| 2020 | Form 5500 | 16 | $12.6M |
| 2021 | Form 5500 | 13 | $10.2M |
| 2022 | Form 5500 | 11 | $8.7M |
| 2023 | Form 5500 | 12 | $9.4M |
| 2024 | Form 5500 | 10 | $7.9M |
| 2025 | Form 5500 | 15 | $11.8M |
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 |
|---|---|---|
| SPRING HOUSE WATER CO. INC. this business | $11.8M | — |
| The Rusty Nail Winery Sulphur | $3.5M | 34.2 mi |
| Bois D'Arc Winery Madill | $3.5M | 37.2 mi |
| Cotton Blossom Winery Marlow | $3.5M | 38.7 mi |
| Old Silo Winery Tishomingo | $3.5M | 49.7 mi |
| The Station at Lakeview Landing Stillwater | $3.5M | 53.1 mi |
| ADA COCA COLA BOTTLING COMPANY Ada · 84 employees | $42.7M | 59.2 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.8M |
| Estimate: the two combined (geometric mean) | $11.8M |
| EBITDA margin (industry, adjusted for size) | 17% |
| EBITDA = revenue × margin | $2.0M |
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 | $11.1M |
| Multiple for this size and industry | 5.5× |
| Value range | $5.9M – $15.2M |
| Revenue range | $7.8M – $13.5M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Bottled Water Manufacturing (312112) |
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. 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
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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
| First National Bank and Trust Company of Ardmore PPP 2020, PPP 2021 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $137K | 16 |
| 2/14/2021 | second | $137K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spring House Water Co. Inc.
Spring House Water Co. Inc. is a bottled water manufacturing company in Healdton, Oklahoma, in business since 1998. Its estimated annual revenue is about $11.8M, with roughly $2.0M of EBITDA. It has about 15 employees. Its estimated business value is $11.1M (likely range $5.9M–$15.2M).
Common questions
- Who owns Spring House Water Co. Inc.?
- The owner of Spring House Water Co. Inc. 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 Spring House Water Co. Inc. make?
- SeeBITDA estimates Spring House Water Co. Inc.'s annual revenue at about $11.8M (likely between $7.8M and $13.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spring House Water Co. Inc. worth?
- About $11.1M, roughly 5.5× its estimated EBITDA of $2.0M, typical for a bottled water manufacturing company its size. Likely range: $5.9M–$15.2M.
- How many employees does Spring House Water Co. Inc. have?
- About 15, from its 2025 retirement-plan filing.
- When was Spring House Water Co. Inc. founded?
- Spring House Water Co. Inc. has been in business since 1998.