Morgan Brothers
How we got $1.0M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MORGAN BROTHERS this business | $2.2M | — |
| BRIAN MOONEY Welch · 1 employees | $640K | 4.8 mi |
| ERNEST CALLISON Welch · 2 employees | $1.6M | 6.1 mi |
| ROCK HOUSE LIVESTOCK, LLC Welch · 1 employees | $461K | 6.7 mi |
| WALLACE FARMS Bluejacket · 1 employees | $992K | 6.7 mi |
| KESSEL CATTLE CO LLC Bluejacket · 1 employees | $544K | 8.7 mi |
| ROGERS WOOLFOLK CATTLE LLC Welch · 5 employees | $2.3M | 9.0 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $334K |
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 | $1.0M |
| Multiple for this size and industry | 3× |
| Value range | $527K – $1.4M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $220K – $381K |
| Industry (NAICS) | Agriculture, Forestry, Fishing (112111) |
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
- 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 5/22/2020 | first | $21K | 8 |
About Morgan Brothers
Morgan Brothers is an agriculture, forestry, fishing company in Welch, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $334K of EBITDA. It has about 8 employees. Its estimated business value is $1.0M (likely range $527K–$1.4M).
Common questions
- Who owns Morgan Brothers?
- The owner of Morgan Brothers 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 Morgan Brothers make?
- SeeBITDA estimates Morgan Brothers's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Morgan Brothers worth?
- About $1.0M, roughly 3× its estimated EBITDA of $334K, typical for a agriculture, forestry, fishing company its size. Likely range: $527K–$1.4M.
- How many employees does Morgan Brothers have?
- About 8, as reported on its PPP loan.