Grayco, Inc.
How we got $646K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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 |
|---|---|---|
| GRAYCO, INC. this business | $2.3M | — |
| Keeton Plumbing Ardmore | $1.8M | 0.9 mi |
| TODDS A/C OF DURANT INC Ardmore · 2 employees | $427K | 1.9 mi |
| LYNN BOYER INC Ardmore · 65 employees | $24.0M | 2.5 mi |
| Baker Distributing Company Ardmore | $5.5M | 3.0 mi |
| Allstar Plumbing & Rooter Llc Ardmore | $1.8M | 3.0 mi |
| SHRADER ELECTRIC INC. Ardmore · 6 employees | $1.5M | 3.6 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.3M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $269K |
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 | $646K |
| Multiple for this size and industry | 2.4× |
| Value range | $340K – $884K |
| Revenue range | $1.5M – $2.6M |
| EBITDA range | $177K – $307K |
| Industry (NAICS) | Plumbing, Heating, and Air-Conditioning Contractors (238220) |
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
- BankingPeoples 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 Roles are as stated there and may be out of date.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
| Peoples Bank and Trust Company PPP 2020 | All 320 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $63K | 9 |
About Grayco, Inc.
Grayco, Inc. is a plumbing, heating & air company in Ardmore, Oklahoma. Its estimated annual revenue is about $2.3M, with roughly $269K of EBITDA. It has about 9 employees. Its estimated business value is $646K (likely range $340K–$884K).
Common questions
- Who owns Grayco, Inc.?
- The owner of Grayco, 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 Grayco, Inc. make?
- SeeBITDA estimates Grayco, Inc.'s annual revenue at about $2.3M (likely between $1.5M and $2.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Grayco, Inc. worth?
- About $646K, roughly 2.4× its estimated EBITDA of $269K, typical for a plumbing, heating & air company its size. Likely range: $340K–$884K.
- How many employees does Grayco, Inc. have?
- About 9, as reported on its PPP loan.