Warcon LLC
How we got $1.6M
Based on its 12 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
What they do
WarCon is a majority Native-owned construction firm that says it builds projects and maintains lasting client relationships, with three decades of combined experience.
From the company's website. Industry: Commercial construction.
Customers & suppliers
Customers
- Indian Health Service · federal contracts $131K
- Department of the Air Force · federal contracts $14K
Estimated value over time
▲ 23% since 2021Today'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 |
|---|---|---|
| WARCON LLC this business | $10.5M | — |
| LEONARD BUILDING COMPANY, LLC Oklahoma City · 32 employees | $29.3M | 0.1 mi |
| L.G. CONSTRUCTION CO INC Oklahoma City · 10 employees | $6.1M | 1.0 mi |
| MID-CONTINENT GROUP, LLC Oklahoma City · 23 employees | $35.0M | 1.7 mi |
| CLARK CONSTRUCTION Oklahoma City · 10 employees | $11.4M | 3.9 mi |
| MITCHELL ACOUSTICS & DRYWALL Oklahoma City · 14 employees | $12.2M | 3.9 mi |
| MOORE CUSTOM BUILDINGS, INC. Moore · 4 employees | $2.6M | 4.0 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.4M |
| Estimate: the two combined (geometric mean) | $10.5M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $570K |
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 | $1.6M |
| Multiple for this size and industry | 2.8× |
| Value range | $840K – $2.2M |
| Revenue range | $6.9M – $12.0M |
| EBITDA range | $375K – $650K |
| Industry (NAICS) | Commercial and Institutional Building Construction (236220) |
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
- BankingBOKF, National Association, BancFirstPPP / 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
| BancFirst 7(a) 2022 | All 7,048 borrowers → |
| BOKF, National Association PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/26/2021 | first | $127K | 12 |
Public records
| May 2022 | 7(a) | $400K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Warcon LLC
Warcon LLC is a commercial construction company in Oklahoma City, Oklahoma, in business since 2019. It is owned by Mike Henson (President). Its estimated annual revenue is about $10.5M, with roughly $570K of EBITDA. It has about 12 employees. Its estimated business value is $1.6M (likely range $840K–$2.2M).
Common questions
- Who owns Warcon LLC?
- Warcon LLC is owned by Mike Henson (President), according to public sources such as the company's website or filings.
- How much revenue does Warcon LLC make?
- SeeBITDA estimates Warcon LLC's annual revenue at about $10.5M (likely between $6.9M and $12.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Warcon LLC worth?
- About $1.6M, roughly 2.8× its estimated EBITDA of $570K, typical for a commercial construction company its size. Likely range: $840K–$2.2M.
- How many employees does Warcon LLC have?
- About 12, as reported on its PPP loan.
- When was Warcon LLC founded?
- Warcon LLC has been in business since 2019.