Substancia Asset Management Group LLC
- Jenna HodappVice President of Residential Management · Company website
- Wally MellingerVice President of Maintenance · Company website
How we got $2.0M
Based on its 11 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 28 years (since 1998)
- Founder still runs it after 28 years
- 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
Substancia Property Management provides property management services for residential and commercial communities in Oklahoma City, aiming to maximize the value of owners' investments and offer residents a well-maintained community.
From the company's website. Industry: Residential Property Managers.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SUBSTANCIA ASSET MANAGEMENT GROUP LLC this business | $2.3M | — |
| MJ SOFTWARE & MANAGEMENT, LLC Oklahoma City · 8 employees | $2.8M | 0.3 mi |
| FOREST SIDING SUPPLY, LLC Oklahoma City · 1 employees | $479K | 0.4 mi |
| TRUSTMARK TITLE ACQUISITION GROUP, LLC Oklahoma City | $2.6M | 0.4 mi |
| LEVI CARNEY LLC Oklahoma City · 1 employees | $565K | 0.4 mi |
| BLANTON PROPERTY COMPANY LLC Oklahoma City · 1 employees | $501K | 0.5 mi |
| UNICORN MANAGEMENT INC Oklahoma City · 22 employees | $8.4M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.1M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $657K |
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 | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.0M – $2.7M |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $432K – $749K |
| Industry (NAICS) | Residential Property Managers (531311) |
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
“After several years of working on the transaction side of real estate, his desire to help people and solve problems led him to found Substancia in 2010 to serve real estate owners and tenants.”
Advisors
- BankingFirst National Bank of OklahomaPPP / 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 of Oklahoma PPP 2020 | All 405 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 | $78K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Substancia Asset Management Group LLC
Substancia Asset Management Group LLC is a residential property managers company in Oklahoma City, Oklahoma, in business since 1998. It is owned by Billy Woodring (President). Its estimated annual revenue is about $2.3M, with roughly $657K of EBITDA. It has about 11 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Substancia Asset Management Group LLC?
- Substancia Asset Management Group LLC is owned by Billy Woodring (President), according to public sources such as the company's website or filings.
- How much revenue does Substancia Asset Management Group LLC make?
- SeeBITDA estimates Substancia Asset Management Group LLC'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 Substancia Asset Management Group LLC worth?
- About $2.0M, roughly 3× its estimated EBITDA of $657K, typical for a residential property managers company its size. Likely range: $1.0M–$2.7M.
- How many employees does Substancia Asset Management Group LLC have?
- About 11, as reported on its PPP loan.
- When was Substancia Asset Management Group LLC founded?
- Substancia Asset Management Group LLC has been in business since 1998.
- Is Substancia Asset Management Group LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 28 years (since 1998); founder still runs it after 28 years; no family successor named on its website.