Ellis Payroll Services Inc
How we got $485K
Based on its 3 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 26% since 2021Today'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 |
|---|---|---|
| ELLIS PAYROLL SERVICES INC this business | $843K | — |
| DON ELLIS ENGINE SERVICES, INC. Seminole · 3 employees | $726K | 0.1 mi |
| SMR SQUARED LLC Seminole · 8 employees | $749K | 3.7 mi |
| Hnr Block Wewoka | $736K | 11.9 mi |
| KATHERINE ZELLER CPA PC Maud · 4 employees | $662K | 12.8 mi |
| KINSLOW GROUP, LLC Prague · 27 employees | $3.4M | 14.1 mi |
| THOMAS E SWEARINGEN INC Shawnee · 3 employees | $980K | 15.4 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $707K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $774K |
| Estimate: the two combined (geometric mean) | $843K |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $167K |
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 | $485K |
| Multiple for this size and industry | 2.9× |
| Value range | $255K – $664K |
| Revenue range | $555K – $962K |
| EBITDA range | $110K – $191K |
| Industry (NAICS) | Payroll Services (541214) |
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
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| First United Bank and Trust Company PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/26/2021 | second | $36K | 3 |
About Ellis Payroll Services Inc
Ellis Payroll Services Inc is an accounting & tax company in Seminole, Oklahoma. Its estimated annual revenue is about $843K, with roughly $167K of EBITDA. It has about 3 employees. Its estimated business value is $485K (likely range $255K–$664K).
Common questions
- Who owns Ellis Payroll Services Inc?
- The owner of Ellis Payroll Services 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 Ellis Payroll Services Inc make?
- SeeBITDA estimates Ellis Payroll Services Inc's annual revenue at about $843K (likely between $555K and $962K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ellis Payroll Services Inc worth?
- About $485K, roughly 2.9× its estimated EBITDA of $167K, typical for a accounting & tax company its size. Likely range: $255K–$664K.
- How many employees does Ellis Payroll Services Inc have?
- About 3, as reported on its PPP loan.