Lance Rhodes
How we got $6.1M
Based on its 37 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 25% 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 |
|---|---|---|
| LANCE RHODES this business | $10.9M | — |
| FAST FAMILY TRUST Fairview · 1 employees | $741K | 0.2 mi |
| FLYING G FARMS LLC Fairview · 2 employees | $1.6M | 5.2 mi |
| LARRY D JENSEN LIVING TRUST Fairview · 1 employees | $992K | 6.0 mi |
| HOOD FARMS Cleo Springs · 2 employees | $1.4M | 9.9 mi |
| SPROUL FAMILY FARMS Isabella · 2 employees | $2.0M | 13.4 mi |
| SPROUL FAMILY FARMS GENERAL PARTNERSHIP Isabella · 1 employees | $992K | 13.7 mi |
The full calculation
| Employees reported to the SBA | 37 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.4M |
| Estimate: the two combined (geometric mean) | $10.9M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.3M |
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 | $6.1M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.2M – $8.3M |
| Revenue range | $7.1M – $12.4M |
| EBITDA range | $886K – $1.5M |
| Industry (NAICS) | Agriculture, Forestry, Fishing (111110) |
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: approximate sector default. 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
- BankingCleo State 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
| Cleo State Bank PPP 2021 | All 37 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/29/2021 | second | $138K | 37 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lance Rhodes
Lance Rhodes is an agriculture, forestry, fishing company in Fairview, Oklahoma, in business since 2011. Its estimated annual revenue is about $10.9M, with roughly $1.3M of EBITDA. It has about 37 employees. Its estimated business value is $6.1M (likely range $3.2M–$8.3M).
Common questions
- Who owns Lance Rhodes?
- The owner of Lance Rhodes 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 Lance Rhodes make?
- SeeBITDA estimates Lance Rhodes's annual revenue at about $10.9M (likely between $7.1M and $12.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lance Rhodes worth?
- About $6.1M, roughly 4.5× its estimated EBITDA of $1.3M, typical for a agriculture, forestry, fishing company its size. Likely range: $3.2M–$8.3M.
- How many employees does Lance Rhodes have?
- About 37, as reported on its PPP loan.
- When was Lance Rhodes founded?
- Lance Rhodes has been in business since 2011.