Rapp Spraying LLC
How we got $1.1M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 42% 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.
What we know
Signs of a sale Unlikely to sell soon
- In business 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RAPP SPRAYING LLC this business | $3.5M | — |
| FISCHER FAMILY FAMILY FARMS LIMITED PARTNERSHIP Hooker · 2 employees | $606K | 0.4 mi |
| PANHANDLE HARVESTING LLC Hooker · 11 employees | $3.5M | 0.7 mi |
| PONY CREEK FARMS, INC Hooker · 1 employees | $867K | 0.9 mi |
| BRECHEISEN HAY LLC Hooker · 9 employees | $3.1M | 2.4 mi |
| Panhandle Irrigation Guymon | $2.4M | 12.8 mi |
| CURTIS FARMS Guymon · 3 employees | $1.3M | 16.5 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.6M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $375K |
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 | $1.1M |
| Multiple for this size and industry | 3× |
| Value range | $593K – $1.5M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $247K – $428K |
| Industry (NAICS) | Soil Preparation, Planting, and Cultivating (115112) |
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. 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
- BankingThe First National Bank of HookerPPP / 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 Roles are as stated there and may be out of date.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
| The First National Bank of Hooker PPP 2020, PPP 2021 | All 31 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 | $90K | 5 |
| 1/23/2021 | second | $89K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rapp Spraying LLC
Rapp Spraying LLC is a soil preparation, planting, and cultivating company in Hooker, Oklahoma, in business since 2009. It is owned by Doug Rapp. Its estimated annual revenue is about $3.5M, with roughly $375K of EBITDA. It has about 6 employees. Its estimated business value is $1.1M (likely range $593K–$1.5M).
Common questions
- Who owns Rapp Spraying LLC?
- Rapp Spraying LLC is owned by Doug Rapp, according to public sources such as the company's website or filings.
- How much revenue does Rapp Spraying LLC make?
- SeeBITDA estimates Rapp Spraying LLC's annual revenue at about $3.5M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rapp Spraying LLC worth?
- About $1.1M, roughly 3× its estimated EBITDA of $375K, typical for a soil preparation, planting, and cultivating company its size. Likely range: $593K–$1.5M.
- How many employees does Rapp Spraying LLC have?
- About 6, as reported on its PPP loan.
- When was Rapp Spraying LLC founded?
- Rapp Spraying LLC has been in business since 2009.