Wheelhorse Enterprises
How we got $2.2M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 4% 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 |
|---|---|---|
| WHEELHORSE ENTERPRISES this business | $6.7M | — |
| Davis Water Well Mustang | $5.8M | 7.5 mi |
| ALLABOUT OILFIELD SERVICE INC Yukon · 10 employees | $2.6M | 8.0 mi |
| WAR HORSE RESOURCES, LLC Minco · 48 employees | $17.3M | 8.0 mi |
| JGR OILFIELD SERVICES LLC Mustang · 11 employees | $4.7M | 9.7 mi |
| H2O Pump & Well Service llc Mustang | $5.8M | 10.4 mi |
| L & L BROWN, INC. Newcastle · 13 employees | $6.2M | 11.3 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.1M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $801K |
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 | $2.2M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.2M – $3.1M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $527K – $913K |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
- BankingChickasaw Community 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 Roles are as stated there and may be out of date.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
| Chickasaw Community Bank PPP 2020, PPP 2021 | All 317 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 6/1/2020 | first | $247K | 13 |
| 2/5/2021 | second | $162K | 6 |
About Wheelhorse Enterprises
Wheelhorse Enterprises is an oil and gas pipeline and related structures construction company in Tuttle, Oklahoma. Its estimated annual revenue is about $6.7M, with roughly $801K of EBITDA. It has about 13 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.1M).
Common questions
- Who owns Wheelhorse Enterprises?
- The owner of Wheelhorse Enterprises 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 Wheelhorse Enterprises make?
- SeeBITDA estimates Wheelhorse Enterprises'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 Wheelhorse Enterprises worth?
- About $2.2M, roughly 2.8× its estimated EBITDA of $801K, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $1.2M–$3.1M.
- How many employees does Wheelhorse Enterprises have?
- About 13, as reported on its PPP loan.