Watkins Heating & Air Conditioning Inc
How we got $692K
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Watkins Heating & Air Conditioning is a local, family-run HVAC company in Tecumseh, OK, serving homes and businesses in the Tecumseh area and nearby communities with repairs, installations, maintenance and indoor air quality services.
From the company's website. Industry: Plumbing, heating & air.
Estimated value over time
▲ 36% 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 |
|---|---|---|
| WATKINS HEATING & AIR CONDITIONING INC this business | $2.5M | — |
| SELECT SERVICE ELECTRIC Shawnee · 3 employees | $501K | 1.7 mi |
| ALL MECHANICAL SOLUTIONS, LLC Shawnee · 3 employees | $860K | 2.6 mi |
| AIR FORCE 1, A/C & HTG, LLC Tecumseh · 9 employees | $3.0M | 2.7 mi |
| PATRIOT POWER SERVICE LLC Tecumseh · 3 employees | $731K | 3.3 mi |
| R-2 ELECTRIC INC Shawnee · 3 employees | $518K | 4.3 mi |
| Dale's Plumbing & Rooter Service Tecumseh | $1.8M | 4.4 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $288K |
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 | $692K |
| Multiple for this size and industry | 2.4× |
| Value range | $364K – $947K |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $190K – $329K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
Leadership
- JWJay WatkinsUnlimited Mechanical Contractor · Company website · source
- JAJamie AtwoodMechanical Contractor · Company website · source
- WOWyatt OliverJourneyman Installer · Company website · source
- DSDamon StagnerApprentice · Company website · source
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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 United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $64K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Watkins Heating & Air Conditioning Inc
Watkins Heating & Air Conditioning Inc is a family-owned plumbing, heating & air company in Tecumseh, Oklahoma, in business since 1986. Its estimated annual revenue is about $2.5M, with roughly $288K of EBITDA. It has about 10 employees. Its estimated business value is $692K (likely range $364K–$947K).
Common questions
- Who owns Watkins Heating & Air Conditioning Inc?
- The owner of Watkins Heating & Air Conditioning Inc 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 Watkins Heating & Air Conditioning Inc make?
- SeeBITDA estimates Watkins Heating & Air Conditioning Inc's annual revenue at about $2.5M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Watkins Heating & Air Conditioning Inc worth?
- About $692K, roughly 2.4× its estimated EBITDA of $288K, typical for a plumbing, heating & air company its size. Likely range: $364K–$947K.
- How many employees does Watkins Heating & Air Conditioning Inc have?
- About 10, as reported on its PPP loan.
- When was Watkins Heating & Air Conditioning Inc founded?
- Watkins Heating & Air Conditioning Inc has been in business since 1986.