Simer Pallet Recycling Inc
How we got $910K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 38% 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 |
|---|---|---|
| SIMER PALLET RECYCLING INC this business | $2.4M | — |
| STERLING OILFIELD SERVICES LLC Chickasha | $3.5M | 0.1 mi |
| BOSCOS TRANSPORT LLC Chickasha | $1.4M | 0.1 mi |
| ACE LIMOUSINE INC Chickasha | $3.5M | 0.3 mi |
| GREG'S WELDING AND BACKHOE SERVICE INC Chickasha | $3.9M | 0.3 mi |
| JVV TRUCKING LLC Chickasha | $932K | 0.3 mi |
| SALES TRUCKING LLC Chickasha | $932K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $350K |
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 | $910K |
| Multiple for this size and industry | 2.6× |
| Value range | $479K – $1.2M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $230K – $399K |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
History & advisors
Advisors
- BankingThe First National Bank and Trust Co, Chickasha, OklahomaPPP / 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 Roles are as stated there and may be out of date.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 and Trust Co, Chickasha, Oklahoma PPP 2020 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $39K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Simer Pallet Recycling Inc
Simer Pallet Recycling Inc is a general freight trucking, long-distance, truckload company in Chickasha, Oklahoma, in business since 1997. Its estimated annual revenue is about $2.4M, with roughly $350K of EBITDA. It has about 5 employees. Its estimated business value is $910K (likely range $479K–$1.2M).
Common questions
- Who owns Simer Pallet Recycling Inc?
- The owner of Simer Pallet Recycling 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 Simer Pallet Recycling Inc make?
- SeeBITDA estimates Simer Pallet Recycling Inc's annual revenue at about $2.4M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Simer Pallet Recycling Inc worth?
- About $910K, roughly 2.6× its estimated EBITDA of $350K, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $479K–$1.2M.
- How many employees does Simer Pallet Recycling Inc have?
- About 5, as reported on its PPP loan.
- When was Simer Pallet Recycling Inc founded?
- Simer Pallet Recycling Inc has been in business since 1997.