Troops Refrigeration LLC
How we got $843K
Based on its 12 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TROOPS REFRIGERATION LLC this business | $3.0M | — |
| Corps Electric Oklahoma City | $1.9M | 0.2 mi |
| Plumb Consulting Oklahoma City | $1.9M | 0.3 mi |
| CORBETT SERVICES Oklahoma City · 5 employees | $1.4M | 0.9 mi |
| Anyhour Plumbing & Sewer Oklahoma City | $1.9M | 1.0 mi |
| PATRICK WOOD INC Oklahoma City · 3 employees | $869K | 1.0 mi |
| GLP COMMUNICATIONS, INC. Oklahoma City · 11 employees | $4.3M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $3.0M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $351K |
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 | $843K |
| Multiple for this size and industry | 2.4× |
| Value range | $443K – $1.2M |
| Revenue range | $2.0M – $3.4M |
| EBITDA range | $231K – $400K |
| 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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $78K | 12 |
About Troops Refrigeration LLC
Troops Refrigeration LLC is a plumbing, heating & air company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $3.0M, with roughly $351K of EBITDA. It has about 12 employees. Its estimated business value is $843K (likely range $443K–$1.2M).
Common questions
- Who owns Troops Refrigeration LLC?
- The owner of Troops Refrigeration 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 Troops Refrigeration LLC make?
- SeeBITDA estimates Troops Refrigeration LLC's annual revenue at about $3.0M (likely between $2.0M and $3.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Troops Refrigeration LLC worth?
- About $843K, roughly 2.4× its estimated EBITDA of $351K, typical for a plumbing, heating & air company its size. Likely range: $443K–$1.2M.
- How many employees does Troops Refrigeration LLC have?
- About 12, as reported on its PPP loan.