- John P. ZelbstAttorney · Company website
- Chandra L. Holmes RayAttorney · Company website
- David L. ButlerAttorney · Company website
- Clay Rowe ZelbstAttorney · Company website
How we got $813K
Based on its 7 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 46 years (since 1980)
From public records and the company's website, not a statement that it's for sale.
What they do
Zelbst, Holmes & Butler is a Lawton, Oklahoma personal injury law firm that represents injured people in serious injury, wrongful death and related cases, and also partners as co-counsel with other attorneys on high-stakes injury litigation.
From the company's website. Industry: Law firms.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNITED PETROLEUM TRANSPORTS, INC. · Oklahoma City, 77 mi · $1.26B
- HOBBY LOBBY STORES INC · Oklahoma City, 71 mi · $206.0M
- D & M CARRIERS LLC · Oklahoma City, 72 mi · $115.4M
- WESTERN FLYER EXPRESS, LLC · Oklahoma City, 72 mi · $89.1M
- COLDIRON SPECIALIZED DRIVEAWAY INC · Oklahoma City, 77 mi · $86.1M
- Continental Resources · Oklahoma City, 78 mi · $7.69B
- CROWN ENERGY COMPANY · Oklahoma City, 79 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 79 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 78 mi · $557.8M
- RILEY EXPLORATION - PERMIAN LLC · Oklahoma City, 79 mi · $392.0M
Estimated value over time
▲ 26% 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 |
|---|---|---|
| ZELBST & BUTLER this business | $2.0M | — |
| Aaa Bail Bonds Lawton | $1.9M | 0.0 mi |
| Cabelka Law Pllc Lawton | $943K | 0.0 mi |
| SMITH & COLEMAN, P.L.L.C. Lawton · 4 employees | $1.3M | 0.0 mi |
| HILLIS LAW FIRM Lawton · 4 employees | $868K | 0.0 mi |
| KINSLOW LAW FIRM, PLLC Lawton · 2 employees | $446K | 0.0 mi |
| Hoover Rogers Law, LLP Lawton | $943K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| 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) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $354K |
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 | $813K |
| Multiple for this size and industry | 2.3× |
| Value range | $428K – $1.1M |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $233K – $403K |
| Industry (NAICS) | Offices of Lawyers (541110) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“We have been serving the needs of the injured since 1980, and our attorneys have more than 70 years of combined experience.”
Advisors
- BankingThe City National Bank and Trust Company of Lawton, OklahomaPPP / 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
| The City National Bank and Trust Company of Lawton, Oklahoma PPP 2020 | All 238 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 | $71K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Zelbst & Butler
Zelbst & Butler is a law firms company in Lawton, Oklahoma, in business since 1980. Its estimated annual revenue is about $2.0M, with roughly $354K of EBITDA. It has about 7 employees. Its estimated business value is $813K (likely range $428K–$1.1M).
Common questions
- Who owns Zelbst & Butler?
- The owner of Zelbst & Butler 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 Zelbst & Butler make?
- SeeBITDA estimates Zelbst & Butler's annual revenue at about $2.0M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Zelbst & Butler worth?
- About $813K, roughly 2.3× its estimated EBITDA of $354K, typical for a law firms company its size. Likely range: $428K–$1.1M.
- How many employees does Zelbst & Butler have?
- About 7, as reported on its PPP loan.
- When was Zelbst & Butler founded?
- Zelbst & Butler has been in business since 1980.