Tropical Plant Design, Inc.
How we got $2.7M
Based on its 15 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 42 years (since 1984)
From public records and the company's website, not a statement that it's for sale.
What they do
Tropical Plant Design is a full-service interior plant leasing and interior plant service firm that designs, builds and maintains live plant displays for malls, hotels, hospitals, restaurants, offices, and building lobbies, and offers plant consultation to homeowners.
From the company's website. Industry: Lawn and Garden Equipment and Supplies Retailers.
Customers & suppliers
Customers
- Merrill Lynch · named on its website
- Newmark Grubb · named on its website
- Gemini Rosemont · named on its website
- The Summit Club of Tulsa · named on its website
- Montereau @ Warren Woods · named on its website
- Melton Truck Lines, Inc · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- OSAGE NATION GAMING ENTERPRISE · Tulsa, 8 mi · $274.0M
- CIMARRON CASINO ENTERPRISE · Perkins, 57 mi · $82.3M
- 7 CLANS PARADISE CASINO · Red Rock, 65 mi · $41.0M
- OTOE MISSOURIA DEVELOPMENT AUTHORITY · Newkirk, 84 mi · $25.4M
- 7 CLANS FIRST COUNCIL HOTEL · Newkirk, 84 mi · $19.6M
- MAZZIO'S LLC · Tulsa, 7 mi · $80.0M
- REW III LLC · Tulsa, 9 mi · $70.4M
- HIDEAWAY- 2 INC · Tulsa, 4 mi · $63.9M
- SJK, LLC · Broken Arrow, 13 mi · $48.1M
- WICHITA SDI, LLC · Prague, 56 mi · $46.7M
Estimated value over time
▲ 35% 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 |
|---|---|---|
| TROPICAL PLANT DESIGN, INC. this business | $9.3M | — |
| FENTON ENTERPRISES, LLC Tulsa · 3 employees | $1.8M | 0.2 mi |
| THE TOMATO MAN INC. Tulsa · 1 employees | $895K | 3.9 mi |
| RANCHO FLORES GARDEN CENTER, LLC Tulsa · 15 employees | $7.1M | 5.9 mi |
| LAWNOVATIONS INC Jenks | $10.5M | 6.7 mi |
| VALLEY WIDE HYDRO TULSA, LLC Tulsa · 4 employees | $2.6M | 8.5 mi |
| GROGG'S GREEN BARN LLC Tulsa · 17 employees | $9.9M | 8.9 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.0M |
| Estimate: the two combined (geometric mean) | $9.3M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $889K |
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 | $2.7M |
| Multiple for this size and industry | 3× |
| Value range | $1.4M – $3.6M |
| Revenue range | $6.1M – $10.6M |
| EBITDA range | $585K – $1.0M |
| Industry (NAICS) | Lawn and Garden Equipment and Supplies Retailers (444220) |
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
- BankingThe First National Bank and Trust Company of Broken ArrowPPP / 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
| The First National Bank and Trust Company of Broken Arrow PPP 2020 | All 149 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $118K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tropical Plant Design, Inc.
Tropical Plant Design, Inc. is a lawn and garden equipment and supplies retailers company in Tulsa, Oklahoma, in business since 1984. It is owned by David Murlette (President & Chief Executive Officer). Its estimated annual revenue is about $9.3M, with roughly $889K of EBITDA. It has about 15 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.6M).
Common questions
- Who owns Tropical Plant Design, Inc.?
- Tropical Plant Design, Inc. is owned by David Murlette (President & Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Tropical Plant Design, Inc. make?
- SeeBITDA estimates Tropical Plant Design, Inc.'s annual revenue at about $9.3M (likely between $6.1M and $10.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tropical Plant Design, Inc. worth?
- About $2.7M, roughly 3× its estimated EBITDA of $889K, typical for a lawn and garden equipment and supplies retailers company its size. Likely range: $1.4M–$3.6M.
- How many employees does Tropical Plant Design, Inc. have?
- About 15, as reported on its PPP loan.
- When was Tropical Plant Design, Inc. founded?
- Tropical Plant Design, Inc. has been in business since 1984.