Tools Plus Inc
How we got $2.9M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| TOOLS PLUS INC this business | $3.2M | — |
| KLIEWERS OILFIELD SERVICES, LLC Enid · 1 employees | $693K | 2.7 mi |
| NICHOLAS COFFMAN Enid · 1 employees | $376K | 2.8 mi |
| MATT RILEY Enid · 1 employees | $712K | 3.0 mi |
| MC RILEY SERVICES, LLC Enid · 1 employees | $557K | 3.0 mi |
| PESICKA FLOWBACK SERVICES, LLC Enid · 1 employees | $423K | 3.0 mi |
| GREG G GERDES CONSULTING LLC Enid · 2 employees | $828K | 3.0 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.4M |
| Estimate: the two combined (geometric mean) | $3.2M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $967K |
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 | $2.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.5M – $4.0M |
| Revenue range | $2.1M – $3.6M |
| EBITDA range | $636K – $1.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingCowboy 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 Roles are as stated there and may be out of date.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
| Cowboy Bank PPP 2020, PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $92K | 6 |
| 1/21/2021 | second | $53K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tools Plus Inc
Tools Plus Inc is an oil & gas company in Enid, Oklahoma, in business since 1997. Its estimated annual revenue is about $3.2M, with roughly $967K of EBITDA. It has about 6 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Tools Plus Inc?
- The owner of Tools Plus Inc 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 Tools Plus Inc make?
- SeeBITDA estimates Tools Plus Inc's annual revenue at about $3.2M (likely between $2.1M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tools Plus Inc worth?
- About $2.9M, roughly 3× its estimated EBITDA of $967K, typical for a oil & gas company its size. Likely range: $1.5M–$4.0M.
- How many employees does Tools Plus Inc have?
- About 6, as reported on its PPP loan.
- When was Tools Plus Inc founded?
- Tools Plus Inc has been in business since 1997.