Underground Enterprises LLC
How we got $1.9M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 43% 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 |
|---|---|---|
| UNDERGROUND ENTERPRISES LLC this business | $6.5M | — |
| SOL INDUSTRIES LLC Tulsa · 16 employees | $6.5M | 1.4 mi |
| FIREFLY ENERGY SERVICES LLC Claremore · 3 employees | $2.0M | 1.6 mi |
| JPS SERVICES, LLC Tulsa · 4 employees | $2.9M | 2.5 mi |
| LANDA MOBILE SYSTEMS, LLC Tulsa · 11 employees | $3.1M | 3.2 mi |
| TRIANGLE CONSTRUCTION & UTILITY, LLC Tulsa · 81 employees | $30.1M | 3.2 mi |
| Walker Brothers Drilling Tulsa | $5.8M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.2M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $682K |
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 | $1.9M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.0M – $2.6M |
| Revenue range | $4.3M – $7.4M |
| EBITDA range | $449K – $778K |
| Industry (NAICS) | Power and Communication Line and Related Structures Construction (237130) |
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
- BankingSecurity 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 Roles are as stated there and may be out of date.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
| Security Bank PPP 2020, PPP 2021 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/21/2020 | first | $159K | 17 |
| 1/22/2021 | second | $159K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Underground Enterprises LLC
Underground Enterprises LLC is a power and communication line and related structures construction company in Tulsa, Oklahoma, in business since 2014. Its estimated annual revenue is about $6.5M, with roughly $682K of EBITDA. It has about 18 employees. Its estimated business value is $1.9M (likely range $1.0M–$2.6M).
Common questions
- Who owns Underground Enterprises LLC?
- The owner of Underground Enterprises 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 Underground Enterprises LLC make?
- SeeBITDA estimates Underground Enterprises LLC's annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Underground Enterprises LLC worth?
- About $1.9M, roughly 2.8× its estimated EBITDA of $682K, typical for a power and communication line and related structures construction company its size. Likely range: $1.0M–$2.6M.
- How many employees does Underground Enterprises LLC have?
- About 18, as reported on its PPP loan.
- When was Underground Enterprises LLC founded?
- Underground Enterprises LLC has been in business since 2014.