Two State Sod Farm, L.L.C.
How we got $3.2M
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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Two State Sod Farm, based in Spiro, Oklahoma, grows Bermuda sod and helps homeowners, builders, and contractors with lawns and projects from a single yard to large commercial sites.
From the company's website. Industry: Agriculture, Forestry, Fishing.
Estimated value over time
▲ 31% 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 |
|---|---|---|
| TWO STATE SOD FARM, L.L.C. this business | $6.0M | — |
| SOONER PLANT FARM, INC. Park Hill · 5 employees | $3.2M | 43.8 mi |
| BERRY & BERRY ACQUISITION Tahlequah · 245 employees | $93.2M | 51.0 mi |
| GRANDVIEW NURSERY,LLC Tahlequah · 12 employees | $4.3M | 53.9 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.7M |
| Estimate: the two combined (geometric mean) | $6.0M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $852K |
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 | $3.2M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.7M – $4.4M |
| Revenue range | $4.0M – $6.9M |
| EBITDA range | $560K – $971K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (111421) |
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: approximate sector default. 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 Community State 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
| The Community State Bank PPP 2020 | All 167 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $92K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Two State Sod Farm, L.L.C.
Two State Sod Farm, L.L.C. is an agriculture, forestry, fishing company in Spiro, Oklahoma, in business since 1999. Its estimated annual revenue is about $6.0M, with roughly $852K of EBITDA. It has about 15 employees. Its estimated business value is $3.2M (likely range $1.7M–$4.4M).
Common questions
- Who owns Two State Sod Farm, L.L.C.?
- The owner of Two State Sod Farm, L.L.C. 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 Two State Sod Farm, L.L.C. make?
- SeeBITDA estimates Two State Sod Farm, L.L.C.'s annual revenue at about $6.0M (likely between $4.0M and $6.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Two State Sod Farm, L.L.C. worth?
- About $3.2M, roughly 3.8× its estimated EBITDA of $852K, typical for a agriculture, forestry, fishing company its size. Likely range: $1.7M–$4.4M.
- How many employees does Two State Sod Farm, L.L.C. have?
- About 15, as reported on its PPP loan.
- When was Two State Sod Farm, L.L.C. founded?
- Two State Sod Farm, L.L.C. has been in business since 1999.