Fred's Tank Service Inc
How we got $615K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| FRED'S TANK SERVICE INC this business | $650K | — |
| VICTORY RESOURCES LLC Velma · 10 employees | $4.4M | 0.2 mi |
| SWISHER FLOWBACK SERVICES, LLC Velma · 1 employees | $547K | 0.2 mi |
| GILBY SERVICES, LLC Velma · 8 employees | $4.0M | 0.2 mi |
| KLEEN OILFIED SERVICE CO Velma · 101 employees | $60.7M | 0.3 mi |
| POORBOY WELL SERVICE, L.L.C. Velma · 22 employees | $8.3M | 0.5 mi |
| ALLIGATOR ROCK WELL SERVICE LLC Velma · 3 employees | $1.4M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $941K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $346K |
| Estimate: the two combined (geometric mean) | $650K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $256K |
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 | $615K |
| Multiple for this size and industry | 2.4× |
| Value range | $323K – $841K |
| Revenue range | $428K – $741K |
| EBITDA range | $168K – $292K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingLegacy BankPPP / 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 Roles are as stated there and may be out of date.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
| Legacy Bank PPP 2020 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $9K | 2 |
About Fred's Tank Service Inc
Fred's Tank Service Inc is an oil & gas company in Velma, Oklahoma. Its estimated annual revenue is about $650K, with roughly $256K of EBITDA. It has about 2 employees. Its estimated business value is $615K (likely range $323K–$841K).
Common questions
- Who owns Fred's Tank Service Inc?
- The owner of Fred's Tank Service 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 Fred's Tank Service Inc make?
- SeeBITDA estimates Fred's Tank Service Inc's annual revenue at about $650K (likely between $428K and $741K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fred's Tank Service Inc worth?
- About $615K, roughly 2.4× its estimated EBITDA of $256K, typical for a oil & gas company its size. Likely range: $323K–$841K.
- How many employees does Fred's Tank Service Inc have?
- About 2, as reported on its PPP loan.