Watermark Companies, LLC
How we got $13.6M
Based on its 21 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 40% 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.
Employees over time
▲ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 21 | $7.0M |
| 2020 | Form 5500 | 19 | $6.3M |
| 2021 | Form 5500 | 19 | $6.3M |
| 2022 | Form 5500 | 18 | $6.0M |
| 2023 | Form 5500 | 20 | $6.7M |
| 2024 | Form 5500 | 21 | $7.0M |
| 2025 | Form 5500 | 22 | $7.3M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
Watermark Commercial Properties is a full service commercial and residential real estate brokerage and management firm in Tulsa. Its principals say they have over 35 years of experience in the Tulsa market.
From the company's website. Industry: Offices of Real Estate Agents and Brokers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WATERMARK COMPANIES, LLC this business | $14.3M | — |
| Sprik Realty Group Tulsa | $966K | 0.0 mi |
| Kurt Hantwerker Tulsa | $966K | 0.1 mi |
| Richard Thompson Keller William Realty Tulsa | $966K | 0.1 mi |
| Patrick Arie Commercial Real Estate Tulsa | $966K | 0.1 mi |
| Lydia Thomas / KW Preferred Realty Tulsa | $966K | 0.1 mi |
| Oklahoma Hud Homes for Sale Tulsa | $966K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.3M |
| Estimate: the two combined (geometric mean) | $14.3M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $3.1M |
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 | $13.6M |
| Multiple for this size and industry | 4.4× |
| Value range | $7.1M – $18.6M |
| Revenue range | $9.4M – $16.3M |
| EBITDA range | $2.0M – $3.5M |
| Industry (NAICS) | Offices of Real Estate Agents and Brokers (531210) |
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
- BankingVast Bank, National AssociationPPP / 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
| Vast Bank, National Association PPP 2020 | All 359 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 | $216K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Watermark Companies, LLC
Watermark Companies, LLC is an offices of real estate agents and brokers company in Tulsa, Oklahoma, in business since 2009. It is owned by Dustin Hansen (Principal). Its estimated annual revenue is about $14.3M, with roughly $3.1M of EBITDA. It has about 22 employees. Its estimated business value is $13.6M (likely range $7.1M–$18.6M).
Common questions
- Who owns Watermark Companies, LLC?
- Watermark Companies, LLC is owned by Dustin Hansen (Principal), according to public sources such as the company's website or filings.
- How much revenue does Watermark Companies, LLC make?
- SeeBITDA estimates Watermark Companies, LLC's annual revenue at about $14.3M (likely between $9.4M and $16.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Watermark Companies, LLC worth?
- About $13.6M, roughly 4.4× its estimated EBITDA of $3.1M, typical for a offices of real estate agents and brokers company its size. Likely range: $7.1M–$18.6M.
- How many employees does Watermark Companies, LLC have?
- About 22, from its 2025 retirement-plan filing.
- When was Watermark Companies, LLC founded?
- Watermark Companies, LLC has been in business since 2009.