Cherokee Hl2 LLC
- Patrice HerrmannSigns company filings · Form 5500 (2023)
How we got $785K
Based on 10 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CHEROKEE HL2 LLC this business | $6.5M | — |
| MITCHAM LIVESTOCK, INC. Cherokee · 3 employees | $3.9M | 6.7 mi |
| MACKEY LIVESTOCK, LLC Alva · 10 employees | $8.1M | 17.9 mi |
| CARRIER MILL & ELEVATOR CO Carrier · 4 employees | $2.6M | 27.3 mi |
| CALDWELL LIVESTOCK MARKET, LLC Enid · 52 employees | $35.0M | 31.0 mi |
| JAMES CATTLE COMPANY LLC Fairview · 1 employees | $1.3M | 31.3 mi |
| FAIRVIEW LIVESTOCK AUCTION, LLC Fairview · 5 employees | $2.8M | 31.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Industry revenue per employee | $2.2M |
| Revenue = employees × revenue per employee | $6.5M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $271K |
| Cross-check: revenue implied by PPP payroll | $86.7M |
Calibrated: revenue lowered to 23% of the industry-average estimate, to match what businesses in this industry actually report.
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 | $785K |
| Multiple for this size and industry | 2.9× |
| Value range | $372K – $1.1M |
| Revenue range | $3.8M – $7.6M |
| EBITDA range | $160K – $320K |
| 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
History & advisors
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. It is owned by Jarrid and Patrice Herrmann. Its estimated annual revenue is about $6.5M, with roughly $271K of EBITDA. It has about 43 employees. Its estimated business value is $785K (likely range $372K–$1.1M).
Common questions
- Who owns Cherokee Hl2 LLC?
- Cherokee Hl2 LLC is owned by Jarrid and Patrice Herrmann, according to public sources such as the company's website or filings.
- How much revenue does Cherokee Hl2 LLC make?
- SeeBITDA estimates Cherokee Hl2 LLC's annual revenue at about $6.5M (likely between $3.8M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cherokee Hl2 LLC worth?
- About $785K, roughly 2.9× its estimated EBITDA of $271K, typical for a livestock merchant wholesalers company its size. Likely range: $372K–$1.1M.
- How many employees does Cherokee Hl2 LLC have?
- About 43, from its 2024 retirement-plan filing.