Strode Funeral Home and Cremation Inc
How we got $1.1M
Based on its 13 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 137 years (since 1889)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Strode Funeral Home and Cremation is a locally operated funeral home in Stillwater, Oklahoma that provides burial, cremation, and memorial services for families. It says it has been serving Payne County for over 130 years.
From the company's website. Industry: Funeral homes.
Estimated value over time
▲ 65% 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 |
|---|---|---|
| STRODE FUNERAL HOME AND CREMATION INC this business | $2.3M | — |
| Strode Pet Memories Stillwater | $2.2M | 0.0 mi |
| Si Memorials Stillwater | $4.4M | 0.7 mi |
| DIGHTON FUNERAL GROUP LLC Stillwater · 10 employees | $1.6M | 4.2 mi |
| CHACE FAMILY CEMETERY INC Stillwater · 2 employees | $577K | 4.7 mi |
| Strode Funeral Home Chapel Perkins | $2.2M | 9.8 mi |
| Palmer Marler Funeral Home Perry | $2.2M | 17.1 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $408K |
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 | $1.1M |
| Multiple for this size and industry | 2.6× |
| Value range | $559K – $1.5M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $269K – $466K |
| Industry (NAICS) | Funeral Homes and Funeral Services (812210) |
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
“The story of Strode Funeral Home and Cremation began in April of 1889 when Mr. Elwood Oliver Stevenson came to the newly-formed town of Stillwater from Arkansas City, Kansas and opened a furniture business that also provided undertaking services and burial goods.”
Advisors
- BankingFirst Bank and Trust CoPPP / 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 Bank and Trust Co PPP 2020 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $67K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Strode Funeral Home and Cremation Inc
Strode Funeral Home and Cremation Inc is a family-owned funeral homes company in Stillwater, Oklahoma, in business since 1889. It is owned by Bill Bernhardt Jr. (Former owner (owned the funeral home until 2005; continues a). Its estimated annual revenue is about $2.3M, with roughly $408K of EBITDA. It has about 13 employees. Its estimated business value is $1.1M (likely range $559K–$1.5M).
Common questions
- Who owns Strode Funeral Home and Cremation Inc?
- Strode Funeral Home and Cremation Inc is owned by Bill Bernhardt Jr. (Former owner (owned the funeral home until 2005; continues a), according to public sources such as the company's website or filings.
- How much revenue does Strode Funeral Home and Cremation Inc make?
- SeeBITDA estimates Strode Funeral Home and Cremation Inc's annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Strode Funeral Home and Cremation Inc worth?
- About $1.1M, roughly 2.6× its estimated EBITDA of $408K, typical for a funeral homes company its size. Likely range: $559K–$1.5M.
- How many employees does Strode Funeral Home and Cremation Inc have?
- About 13, as reported on its PPP loan.
- When was Strode Funeral Home and Cremation Inc founded?
- Strode Funeral Home and Cremation Inc has been in business since 1889.
- Is Strode Funeral Home and Cremation Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 137 years (since 1889); no family successor named on its website.