Summit Land Company, Inc.
How we got $1.1M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Summit Land Company, Inc. is an oil and gas lease broker and energy land services firm that acquires leases and provides title, ownership, and related services for mineral owners, landowners, and oil and gas companies.
From the company's website. Industry: All Other Support Services.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 77 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 68 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 67 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 75 mi · $711.9M
- MUSTANG FUEL CORPORATION · Oklahoma City, 72 mi · $708.4M
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
▼ 50% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 8 | $1.3M |
| 2020 | Form 5500 | 4 | $665K |
| 2021 | Form 5500 | 3 | $499K |
| 2022 | Form 5500 | 2 | $333K |
| 2023 | Form 5500 | 4 | $665K |
| 2024 | Form 5500 | 4 | $665K |
| 2025 | Form 5500 | 4 | $665K |
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 |
|---|---|---|
| SUMMIT LAND COMPANY, INC. this business | $3.2M | — |
| The Corner in Okeene Okeene | $1.1M | 13.9 mi |
| The Home Place Wedding & Event Center Meno | $1.1M | 19.6 mi |
| TDRX INC. Watonga · 7 employees | $2.6M | 29.6 mi |
| End O'Main Catering Watonga | $1.1M | 29.6 mi |
| TAG AGENCY OF ENID, INC Enid · 6 employees | $1.3M | 32.0 mi |
| Buffalo Point Retreat Waukomis | $1.1M | 32.0 mi |
The full calculation
| Employees reported to the SBA | 8 |
| 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) | $3.8M |
| Estimate: the two combined (geometric mean) | $3.2M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $379K |
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 | 3× |
| Value range | $598K – $1.6M |
| Revenue range | $2.1M – $3.7M |
| EBITDA range | $249K – $432K |
| Industry (NAICS) | All Other Support Services (561990) |
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
History & advisors
Advisors
- BankingFirst Liberty Bank, Fairview Savings & Loan AssociationPPP / 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
| Fairview Savings & Loan Association PPP 2021 | All 49 borrowers → |
| First Liberty Bank PPP 2020 | All 382 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 | $120K | 8 |
| 1/16/2021 | second | $116K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Summit Land Company, Inc.
Summit Land Company, Inc. is an all other support services company in Fairview, Oklahoma, in business since 2005. It is owned by Daniel R. Willits (President). Its estimated annual revenue is about $3.2M, with roughly $379K of EBITDA. It has about 4 employees. Its estimated business value is $1.1M (likely range $598K–$1.6M).
Common questions
- Who owns Summit Land Company, Inc.?
- Summit Land Company, Inc. is owned by Daniel R. Willits (President), according to public sources such as the company's website or filings.
- How much revenue does Summit Land Company, Inc. make?
- SeeBITDA estimates Summit Land Company, Inc.'s annual revenue at about $3.2M (likely between $2.1M and $3.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summit Land Company, Inc. worth?
- About $1.1M, roughly 3× its estimated EBITDA of $379K, typical for a all other support services company its size. Likely range: $598K–$1.6M.
- How many employees does Summit Land Company, Inc. have?
- About 4, from its 2025 retirement-plan filing.
- When was Summit Land Company, Inc. founded?
- Summit Land Company, Inc. has been in business since 2005.