How we got $184K
Based on 2 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 30% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WARD HEAT AND AIR this business | $612K | — |
| CHARLIE LITSEY LLC Morris · 1 employees | $313K | 11.4 mi |
| PenCo Heating and Cooling, LLC Morris | $1.9M | 11.7 mi |
| RUSSELL BRANAN Oktaha · 6 employees | $1.4M | 11.8 mi |
| JIMMY JONES ELECTRIC LLC Henryetta · 3 employees | $769K | 12.2 mi |
| BOATNER HEAT & AIR, LLC Okmulgee · 3 employees | $656K | 13.1 mi |
| Charlie's Plumbing Heating & Air Conditioning Muskogee | $1.9M | 13.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $204K |
| Revenue = employees × revenue per employee | $612K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $92K |
| Cross-check: revenue implied by PPP payroll | $168K |
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 | $184K |
| Multiple for this size and industry | 2× |
| Value range | $87K – $262K |
| Revenue range | $362K – $725K |
| EBITDA range | $54K – $109K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingMabrey 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 Roles are as stated there and may be out of date.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
| Mabrey Bank PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/9/2021 | first | $5K | 2 |
| 4/1/2021 | second | $13K | 1 |
About Ward Heat and Air
Ward Heat and Air is a plumbing, heating & air company in Boynton, Oklahoma. Its estimated annual revenue is about $612K, with roughly $92K of EBITDA. It has about 2 employees. Its estimated business value is $184K (likely range $87K–$262K).
Common questions
- Who owns Ward Heat and Air?
- The owner of Ward Heat and Air 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 Ward Heat and Air make?
- SeeBITDA estimates Ward Heat and Air's annual revenue at about $612K (likely between $362K and $725K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ward Heat and Air worth?
- About $184K, roughly 2× its estimated EBITDA of $92K, typical for a plumbing, heating & air company its size. Likely range: $87K–$262K.
- How many employees does Ward Heat and Air have?
- About 2, as reported on its PPP loan.