Treece & Rhines Heating and Air Conditioning Inc
How we got $933K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
From the company's website. Industry: Plumbing, heating & air.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TREECE & RHINES HEATING AND AIR CONDITIONING INC this business | $3.7M | — |
| Hayes Electric Inc Bethany | $1.9M | 0.1 mi |
| Contact B&B Electric Bethany | $1.9M | 0.2 mi |
| BREWER ELECTRIC LLC Bethany · 10 employees | $2.6M | 0.2 mi |
| ORCUTT MECHANICAL CONTRACTORS, INC. Bethany · 45 employees | $17.0M | 0.2 mi |
| BETHANY PLUMBING CO LLC Bethany · 2 employees | $684K | 0.4 mi |
| DELONG HEATING AND AIR CONDITIONING, INC Bethany · 2 employees | $616K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.1M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $389K |
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 | $933K |
| Multiple for this size and industry | 2.4× |
| Value range | $491K – $1.3M |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $256K – $443K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingFirst Bethany Bank & TrustPPP / 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 Bethany Bank & Trust PPP 2020 | All 186 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 | $139K | 10 |
2 locations
| 3807 DONALD AVE | Bethany | This listing |
| 7157 NW 80th St | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Treece & Rhines Heating and Air Conditioning Inc
Treece & Rhines Heating and Air Conditioning Inc is a plumbing, heating & air company in Bethany, Oklahoma, in business since 2009. Its estimated annual revenue is about $3.7M, with roughly $389K of EBITDA. It has about 10 employees. Its estimated business value is $933K (likely range $491K–$1.3M). It has 2 locations.
Common questions
- Who owns Treece & Rhines Heating and Air Conditioning Inc?
- The owner of Treece & Rhines Heating and Air Conditioning 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 Treece & Rhines Heating and Air Conditioning Inc make?
- SeeBITDA estimates Treece & Rhines Heating and Air Conditioning Inc's annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Treece & Rhines Heating and Air Conditioning Inc worth?
- About $933K, roughly 2.4× its estimated EBITDA of $389K, typical for a plumbing, heating & air company its size. Likely range: $491K–$1.3M.
- How many employees does Treece & Rhines Heating and Air Conditioning Inc have?
- About 10, as reported on its PPP loan.
- When was Treece & Rhines Heating and Air Conditioning Inc founded?
- Treece & Rhines Heating and Air Conditioning Inc has been in business since 2009.