Tri-State Floors Inc
How we got $299K
Based on its 2 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 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Tri-State Floors is a family-owned contractor that installs and maintains wood and synthetic sport and performing arts floors. It was established in 1986 and serves facilities in its region.
From the company's website. Industry: Flooring.
Customers & suppliers
Customers
- Dahlonegah Public School · named on its website
- Poteau Elementary School · named on its website
- Empire Public Schools · named on its website
Suppliers & brands
- Robbins Sports Surfaces · brand it sells or installs
- Pulastic · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- PERSIMMON RIDGE LLC · Tulsa, 37 mi · $116.9M
- COMMUNITY ACTION PROJECT OF TULSA COUNTY, INC. · Tulsa, 35 mi · $68.9M
- OKLAHOMA WESLEYAN UNIVERSITY, INC · Bartlesville, 34 mi · $32.2M
- HOLLAND HALL · Tulsa, 37 mi · $30.2M
- REJOICE CHRISTIAN SCHOOL · Owasso, 22 mi · $22.8M
Estimated value over time
▲ 24% 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 |
|---|---|---|
| TRI-STATE FLOORS INC this business | $1.2M | — |
| LEGENDS HARDWOODS LLC Chelsea · 1 employees | $727K | 1.9 mi |
| ANDREY MATVEYUK Claremore · 1 employees | $728K | 2.6 mi |
| HARMONY STAR MARBLE LLC Claremore · 6 employees | $1.6M | 8.8 mi |
| ARCHITECTUAL FLOORING, LLC Pryor · 3 employees | $1.1M | 11.4 mi |
| HERITAGE FLOORING LLC Pryor · 4 employees | $2.2M | 11.4 mi |
| GILPIN CONSTRUCTION INC Big Cabin · 1 employees | $384K | 16.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $774K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.5M |
| Estimate: the two combined (geometric mean) | $1.2M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $157K |
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 | $299K |
| Multiple for this size and industry | 1.9× |
| Value range | $157K – $409K |
| Revenue range | $807K – $1.4M |
| EBITDA range | $104K – $179K |
| Industry (NAICS) | Flooring Contractors (238330) |
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
People & advisors
Advisors
- BankingLindell Bank & Trust CompanyPPP / 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
| Lindell Bank & Trust Company PPP 2020, PPP 2021 | View → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/29/2020 | first | $30K | 2 |
| 2/17/2021 | second | $37K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tri-State Floors Inc
Tri-State Floors Inc is a flooring company in Chelsea, Oklahoma, in business since 2008. Its estimated annual revenue is about $1.2M, with roughly $157K of EBITDA. It has about 2 employees. Its estimated business value is $299K (likely range $157K–$409K).
Common questions
- Who owns Tri-State Floors Inc?
- The owner of Tri-State Floors 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 Tri-State Floors Inc make?
- SeeBITDA estimates Tri-State Floors Inc's annual revenue at about $1.2M (likely between $807K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tri-State Floors Inc worth?
- About $299K, roughly 1.9× its estimated EBITDA of $157K, typical for a flooring company its size. Likely range: $157K–$409K.
- How many employees does Tri-State Floors Inc have?
- About 2, as reported on its PPP loan.
- When was Tri-State Floors Inc founded?
- Tri-State Floors Inc has been in business since 2008.