True Blue Heating & Cooling
How we got $764K
Based on its 9 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 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
True Blue Heating & Cooling is an HVAC contractor in Tulsa, OK offering heating, air conditioning installation, repair and maintenance services for homes and businesses.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Suppliers & brands
- Trane · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRUE BLUE HEATING & COOLING this business | $2.7M | — |
| ANCHOR INSULATION LLC. Tulsa · 4 employees | $2.4M | 0.3 mi |
| AvantGarde Plumbing And Drain Tulsa | $1.9M | 0.5 mi |
| GAUGE METAL FAB, LLC Tulsa · 4 employees | $989K | 0.6 mi |
| McLean Air Duct Coating & Cleaning Tulsa | $1.9M | 0.6 mi |
| Harold's Heating & Air Conditioning Tulsa | $1.9M | 0.6 mi |
| ALLIED REFRIGERATON OF TULSA, INC. Tulsa · 23 employees | $9.4M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.7M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $318K |
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 | $764K |
| Multiple for this size and industry | 2.4× |
| Value range | $402K – $1.0M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $209K – $363K |
| 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 Pryority 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
| First Pryority Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $88K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About True Blue Heating & Cooling
True Blue Heating & Cooling is a plumbing, heating & air company in Tulsa, Oklahoma, in business since 2005. Its estimated annual revenue is about $2.7M, with roughly $318K of EBITDA. It has about 9 employees. Its estimated business value is $764K (likely range $402K–$1.0M).
Common questions
- Who owns True Blue Heating & Cooling?
- The owner of True Blue Heating & Cooling 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 True Blue Heating & Cooling make?
- SeeBITDA estimates True Blue Heating & Cooling's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is True Blue Heating & Cooling worth?
- About $764K, roughly 2.4× its estimated EBITDA of $318K, typical for a plumbing, heating & air company its size. Likely range: $402K–$1.0M.
- How many employees does True Blue Heating & Cooling have?
- About 9, as reported on its PPP loan.
- When was True Blue Heating & Cooling founded?
- True Blue Heating & Cooling has been in business since 2005.