Zap, Inc
How we got $380K
Based on its 8 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
- 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
ClimaTech Heating and Air Conditioning, LLC is a locally owned heating, air and plumbing company serving the Grand Lake area and Northeast Oklahoma, offering residential and commercial HVAC and plumbing services.
From the company's website. Industry: Plumbing, heating & air.
Customers & suppliers
Customers
- Rocket Skating Plus LLC · named on its website
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 |
|---|---|---|
| ZAP, INC this business | $1.6M | — |
| ALL STAR ELECTRIC NA LLC Grove · 41 employees | $13.3M | 0.7 mi |
| CLIMATECH HEATING AND AIR CONDITIONING, LLC Grove · 5 employees | $1.1M | 1.1 mi |
| TESS ELECTRICAL SYSTEMS INC Grove · 4 employees | $1.0M | 1.1 mi |
| B&B HEATING & AIR CONDITIONING, INC Grove · 28 employees | $10.5M | 1.1 mi |
| TOTAL COVERAGE ELECTRIC INC. Grove · 5 employees | $1.3M | 1.2 mi |
| TYLER DOZIER Grove · 5 employees | $1.0M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $190K |
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 | $380K |
| Multiple for this size and industry | 2× |
| Value range | $200K – $520K |
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $125K – $217K |
| 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
“Founded in 2009 by Justin Austin, we have built our reputation on years of expertise in the HVAC and Refrigeration industries.”
Leadership
- JMJOEL McCORKLECo-Owner · Company website · source
- KMKENNY MITCHELLHVAC SERVICE MANAGER · Company website · source
- JHJAMES HARTFELDERPLUMBING MANAGER · Company website · source
- DRDOLLIE ROBERTSHVAC CUSTOMER RELATIONS MANAGER · Company website · source
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 |
|---|---|---|---|
| 4/14/2020 | first | $35K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Zap, Inc
Zap, Inc is a plumbing, heating & air company in Grove, Oklahoma, in business since 2009. It is owned by Justin Austin (Co-Owner & Founder). Its estimated annual revenue is about $1.6M, with roughly $190K of EBITDA. It has about 8 employees. Its estimated business value is $380K (likely range $200K–$520K).
Common questions
- Who owns Zap, Inc?
- Zap, Inc is owned by Justin Austin (Co-Owner & Founder), according to public sources such as the company's website or filings.
- How much revenue does Zap, Inc make?
- SeeBITDA estimates Zap, Inc's annual revenue at about $1.6M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Zap, Inc worth?
- About $380K, roughly 2× its estimated EBITDA of $190K, typical for a plumbing, heating & air company its size. Likely range: $200K–$520K.
- How many employees does Zap, Inc have?
- About 8, as reported on its PPP loan.
- When was Zap, Inc founded?
- Zap, Inc has been in business since 2009.