Thermal-Kat Heating & Air Conditioning, LLC
How we got $92K
Based on 1 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 36% 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
▲ 100% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 1 | $204K |
| 2021 | Form 5500 | 2 | $409K |
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THERMAL-KAT HEATING & AIR CONDITIONING, LLC this business | $306K | — |
| REAL CRAFTSMEN CONTRACTING, INC Luther · 1 employees | $288K | 2.5 mi |
| ZACHARY HOUSTON Jones · 1 employees | $485K | 5.2 mi |
| CHANEY MECHANICAL INC. Luther · 11 employees | $3.5M | 5.7 mi |
| CORNERSTONE PLUMBING LLC Luther · 5 employees | $1.5M | 5.9 mi |
| Town & Country Plumbing Harrah | $1.9M | 5.9 mi |
| CORNERSTONE WIRING & ELECTRICAL SERVICES LLC Jones · 16 employees | $4.0M | 7.3 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Industry revenue per employee | $204K |
| Revenue = employees × revenue per employee | $306K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $46K |
| Cross-check: revenue implied by PPP payroll | $84K |
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 | $92K |
| Multiple for this size and industry | 2× |
| Value range | $44K – $131K |
| Revenue range | $181K – $362K |
| EBITDA range | $27K – $54K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Advisors
- BankingArmstrong 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
| Armstrong Bank PPP 2020 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/3/2020 | first | $3K | 1 |
About Thermal-Kat Heating & Air Conditioning, LLC
Thermal-Kat Heating & Air Conditioning, LLC is a plumbing, heating & air company in Luther, Oklahoma. Its estimated annual revenue is about $306K, with roughly $46K of EBITDA. It has about 2 employees. Its estimated business value is $92K (likely range $44K–$131K).
Common questions
- Who owns Thermal-Kat Heating & Air Conditioning, LLC?
- The owner of Thermal-Kat Heating & Air Conditioning, LLC 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 Thermal-Kat Heating & Air Conditioning, LLC make?
- SeeBITDA estimates Thermal-Kat Heating & Air Conditioning, LLC's annual revenue at about $306K (likely between $181K and $362K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Thermal-Kat Heating & Air Conditioning, LLC worth?
- About $92K, roughly 2× its estimated EBITDA of $46K, typical for a plumbing, heating & air company its size. Likely range: $44K–$131K.
- How many employees does Thermal-Kat Heating & Air Conditioning, LLC have?
- About 2, from its 2021 retirement-plan filing.