The Shutter Mill, Inc.
How we got $5.9M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 74% 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 |
|---|---|---|
| THE SHUTTER MILL, INC. this business | $10.0M | — |
| Sunrise Sheds - Perkins Perkins | $2.4M | 0.7 mi |
| FRITSCO, INC. Stillwater · 1 employees | $313K | 8.2 mi |
| BATTLERIDGE WOOD DESIGNS LLC Cushing · 6 employees | $1.6M | 13.9 mi |
| BURGESS MANUFACTURING OF OKLAHOMA, INC. Guthrie · 10 employees | $3.9M | 23.8 mi |
| GOLDEN HOUR GROUP, INC. Edmond | $1.4M | 30.5 mi |
| MILES THOMAS MILLWORK INC. Nicoma Park · 7 employees | $2.2M | 39.5 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.4M |
| Estimate: the two combined (geometric mean) | $10.0M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $1.3M |
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 | $5.9M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.1M – $8.1M |
| Revenue range | $6.6M – $11.4M |
| EBITDA range | $867K – $1.5M |
| Industry (NAICS) | Other Millwork (including Flooring) (321918) |
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
- BankingBlue Sky BankPPP / 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 Roles are as stated there and may be out of date.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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $210K | 28 |
| 1/16/2021 | second | $208K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The Shutter Mill, Inc.
The Shutter Mill, Inc. is an other millwork (including flooring) company in Stillwater, Oklahoma. It is owned by Chris Tietz. Its estimated annual revenue is about $10.0M, with roughly $1.3M of EBITDA. It has about 28 employees. Its estimated business value is $5.9M (likely range $3.1M–$8.1M).
Common questions
- Who owns The Shutter Mill, Inc.?
- The Shutter Mill, Inc. is owned by Chris Tietz, according to public sources such as the company's website or filings.
- How much revenue does The Shutter Mill, Inc. make?
- SeeBITDA estimates The Shutter Mill, Inc.'s annual revenue at about $10.0M (likely between $6.6M and $11.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The Shutter Mill, Inc. worth?
- About $5.9M, roughly 4.5× its estimated EBITDA of $1.3M, typical for a other millwork (including flooring) company its size. Likely range: $3.1M–$8.1M.
- How many employees does The Shutter Mill, Inc. have?
- About 28, as reported on its PPP loan.