Cherokee Hl2 LLC
How we got $5.0M
Based on 10 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 22% 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
▲ 330% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 10 | $21.7M |
| 2022 | Form 5500 | 38 | $82.4M |
| 2023 | Form 5500 | 36 | $78.1M |
| 2024 | Form 5500 | 43 | $93.3M |
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 |
|---|---|---|
| CHEROKEE HL2 LLC this business | $28.0M | — |
| MITCHAM LIVESTOCK, INC. Cherokee · 3 employees | $16.9M | 6.7 mi |
| MACKEY LIVESTOCK, LLC Alva · 10 employees | $35.3M | 17.9 mi |
| CARRIER MILL & ELEVATOR CO Carrier · 4 employees | $25.4M | 27.3 mi |
| CALDWELL LIVESTOCK MARKET, LLC Enid · 52 employees | $151.8M | 31.0 mi |
| JAMES CATTLE COMPANY LLC Fairview · 1 employees | $5.5M | 31.3 mi |
| FAIRVIEW LIVESTOCK AUCTION, LLC Fairview · 5 employees | $11.9M | 31.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Industry revenue per employee | $2.2M |
| Revenue = employees × revenue per employee | $28.0M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.2M |
| Cross-check: revenue implied by PPP payroll | $86.6M |
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 | $5.0M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.4M – $7.2M |
| Revenue range | $16.6M – $33.2M |
| EBITDA range | $695K – $1.4M |
| Industry (NAICS) | Livestock Merchant Wholesalers (424520) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
People & advisors
Leadership
- PHPatrice HerrmannSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- BankingThe First National Bank of SpearvillePPP / 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 First National Bank of Spearville PPP 2020 | View → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $179K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cherokee Hl2 LLC
Cherokee Hl2 LLC is a livestock merchant wholesalers company in Cherokee, Oklahoma. Its estimated annual revenue is about $28.0M, with roughly $1.2M of EBITDA. It has about 43 employees. Its estimated business value is $5.0M (likely range $2.4M–$7.2M).
Common questions
- Who owns Cherokee Hl2 LLC?
- The owner of Cherokee Hl2 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 Cherokee Hl2 LLC make?
- SeeBITDA estimates Cherokee Hl2 LLC's annual revenue at about $28.0M (likely between $16.6M and $33.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cherokee Hl2 LLC worth?
- About $5.0M, roughly 4.3× its estimated EBITDA of $1.2M, typical for a livestock merchant wholesalers company its size. Likely range: $2.4M–$7.2M.
- How many employees does Cherokee Hl2 LLC have?
- About 43, from its 2024 retirement-plan filing.