Wattsco Development, LLC
How we got $1.0M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 40% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 23% 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $738K |
| 2020 | Form 5500 | 7 | $861K |
| 2021 | Form 5500 | 8 | $984K |
| 2022 | Form 5500 | 8 | $984K |
| 2023 | Form 5500 | 9 | $1.1M |
| 2024 | Form 5500 | 10 | $1.2M |
| 2025 | Form 5500 | 6 | $738K |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WATTSCO DEVELOPMENT, LLC this business | $1.3M | — |
| BEAUX PROPERTY MANAGEMENT LLC Tulsa · 1 employees | $461K | 0.0 mi |
| ONE PROPERTY MANAGEMENT LLC Tulsa | $850K | 0.1 mi |
| BRICKHUGGER LLC Tulsa · 2 employees | $1.3M | 0.2 mi |
| MAYO ABC LLC Tulsa · 52 employees | $17.9M | 0.2 mi |
| PRICE FAMILY PROPERTIES, LLC Tulsa · 37 employees | $13.5M | 0.2 mi |
| BARBER INVESTMENTS LLC Tulsa · 2 employees | $1.1M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.0M |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 32% |
| EBITDA = revenue × margin | $423K |
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 | $1.0M |
| Multiple for this size and industry | 2.4× |
| Value range | $534K – $1.4M |
| Revenue range | $871K – $1.5M |
| EBITDA range | $278K – $482K |
| Industry (NAICS) | Residential Property Managers (531311) |
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
- BankingBancFirstPPP / 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 PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $31K | 6 |
About Wattsco Development, LLC
Wattsco Development, LLC is a residential property managers company in Tulsa, Oklahoma. Its estimated annual revenue is about $1.3M, with roughly $423K of EBITDA. It has about 6 employees. Its estimated business value is $1.0M (likely range $534K–$1.4M).
Common questions
- Who owns Wattsco Development, LLC?
- The owner of Wattsco Development, LLC 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 Wattsco Development, LLC make?
- SeeBITDA estimates Wattsco Development, LLC's annual revenue at about $1.3M (likely between $871K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wattsco Development, LLC worth?
- About $1.0M, roughly 2.4× its estimated EBITDA of $423K, typical for a residential property managers company its size. Likely range: $534K–$1.4M.
- How many employees does Wattsco Development, LLC have?
- About 6, from its 2025 retirement-plan filing.