Downing Propane & Oil Inc
How we got $10.6M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 31% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOWNING PROPANE & OIL INC this business | $48.7M | — |
| DAVIS OIL INC. LLC Tahlequah · 11 employees | $145.5M | 19.3 mi |
| JIM WOODS MARKETING INC Tahlequah · 4 employees | $63.2M | 20.0 mi |
| QUAD, LLC Tahlequah · 15 employees | $322.7M | 20.0 mi |
| TANK & FUEL SOLUTIONS, LLC Claremore · 2 employees | $29.6M | 24.1 mi |
| HUNTER STEEL LLC Muskogee · 2 employees | $36.7M | 24.9 mi |
| LAFERRY'S LP GAS CO Park Hill · 37 employees | $513.1M | 26.1 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $59.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.5M |
| Estimate: the two combined (geometric mean) | $48.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.0M |
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 | $10.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $5.6M – $14.5M |
| Revenue range | $32.0M – $55.5M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Petroleum Bulk Stations and Terminals (424710) |
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 CommercePPP / 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 Roles are as stated there and may be out of date.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 Commerce PPP 2020 | All 308 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $48K | 6 |
About Downing Propane & Oil Inc
Downing Propane & Oil Inc is a petroleum bulk stations and terminals company in Locust Grove, Oklahoma. Its estimated annual revenue is about $48.7M, with roughly $2.0M of EBITDA. It has about 6 employees. Its estimated business value is $10.6M (likely range $5.6M–$14.5M).
Common questions
- Who owns Downing Propane & Oil Inc?
- The owner of Downing Propane & Oil Inc 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 Downing Propane & Oil Inc make?
- SeeBITDA estimates Downing Propane & Oil Inc's annual revenue at about $48.7M (likely between $32.0M and $55.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Downing Propane & Oil Inc worth?
- About $10.6M, roughly 5.2× its estimated EBITDA of $2.0M, typical for a petroleum bulk stations and terminals company its size. Likely range: $5.6M–$14.5M.
- How many employees does Downing Propane & Oil Inc have?
- About 6, as reported on its PPP loan.