Workhorse Solutions, LLC
How we got $2.1M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| WORKHORSE SOLUTIONS, LLC this business | $4.1M | — |
| NEO METALS LLC Grove · 1 employees | $531K | 7.5 mi |
| DIAMOND W SERVICES LLC Jay · 1 employees | $553K | 12.5 mi |
| VANOVER METAL BUILDING SALES,INC. Eucha · 9 employees | $4.3M | 14.4 mi |
| ATLAS STEEL PRODUCTS, INC. Vinita · 22 employees | $7.9M | 15.8 mi |
| IRON WORKS STEEL SUPPLY, LLC Miami · 6 employees | $1.6M | 19.3 mi |
| HENSON MANUFACTURING & SALES I Adair · 17 employees | $13.9M | 24.2 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.4M |
| Estimate: the two combined (geometric mean) | $4.1M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $534K |
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 | $2.1M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.1M – $2.8M |
| Revenue range | $2.7M – $4.7M |
| EBITDA range | $351K – $609K |
| Industry (NAICS) | Prefabricated Metal Building and Component Manufacturing (332311) |
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
- BankingBank of Grand LakePPP / 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 Roles are as stated there and may be out of date.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
| Bank of Grand Lake PPP 2020 | All 112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $55K | 8 |
About Workhorse Solutions, LLC
Workhorse Solutions, LLC is a prefabricated metal building and component manufacturing company in Monkey Island, Oklahoma. Its estimated annual revenue is about $4.1M, with roughly $534K of EBITDA. It has about 8 employees. Its estimated business value is $2.1M (likely range $1.1M–$2.8M).
Common questions
- Who owns Workhorse Solutions, LLC?
- The owner of Workhorse Solutions, 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 Workhorse Solutions, LLC make?
- SeeBITDA estimates Workhorse Solutions, LLC's annual revenue at about $4.1M (likely between $2.7M and $4.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Workhorse Solutions, LLC worth?
- About $2.1M, roughly 3.9× its estimated EBITDA of $534K, typical for a prefabricated metal building and component manufacturing company its size. Likely range: $1.1M–$2.8M.
- How many employees does Workhorse Solutions, LLC have?
- About 8, as reported on its PPP loan.