Wassco Corporation
How we got $3.3M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 48% 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 |
|---|---|---|
| WASSCO CORPORATION this business | $6.7M | — |
| GLOBAL URETHANE, INC Tulsa · 2 employees | $1.3M | 3.3 mi |
| HIGHER HANGERS LLC Tulsa · 1 employees | $913K | 3.6 mi |
| PACK-LITE SYSTEMS, INC. Tulsa · 11 employees | $4.9M | 3.7 mi |
| MIDWEST URETHANE PROCESSING CO INC Tulsa · 6 employees | $2.9M | 5.5 mi |
| DIVERSIFIED PLASTICS INDUSTRIES, LLC Sand Springs · 5 employees | $2.0M | 6.5 mi |
| JARRT HOLDINGS, INC. Tulsa · 25 employees | $14.3M | 6.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $859K |
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 | $3.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.7M – $4.5M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $565K – $979K |
| Industry (NAICS) | Plastics Bag and Pouch Manufacturing (326111) |
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
- BankingFirst Oklahoma 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 Roles are as stated there and may be out of date.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 Oklahoma Bank PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $51K | 4 |
| 1/16/2021 | second | $62K | 6 |
About Wassco Corporation
Wassco Corporation is a plastics bag and pouch manufacturing company in Tulsa, Oklahoma. Its estimated annual revenue is about $6.7M, with roughly $859K of EBITDA. It has about 6 employees. Its estimated business value is $3.3M (likely range $1.7M–$4.5M).
Common questions
- Who owns Wassco Corporation?
- The owner of Wassco Corporation 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 Wassco Corporation make?
- SeeBITDA estimates Wassco Corporation's annual revenue at about $6.7M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wassco Corporation worth?
- About $3.3M, roughly 3.8× its estimated EBITDA of $859K, typical for a plastics bag and pouch manufacturing company its size. Likely range: $1.7M–$4.5M.
- How many employees does Wassco Corporation have?
- About 6, as reported on its PPP loan.