Boulevard Pharmacy Inc
How we got $7.8M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 57% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 26% 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.
Employees over time
▼ 54% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 13 | $113.8M |
| 2020 | Form 5500 | 14 | $122.6M |
| 2021 | Form 5500 | 8 | $70.0M |
| 2022 | Form 5500 | 7 | $61.3M |
| 2023 | Form 5500 | 6 | $52.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BOULEVARD PHARMACY INC this business | $43.4M | — |
| OKLAHOMA SKINNY WRAP GIRLS, INC. Owasso · 2 employees | $10.8M | 32.0 mi |
| D AND L STRATEGIES, LLC Hominy · 5 employees | $26.9M | 33.2 mi |
| TRIOVA PHARMACEUTICALS LLC Tulsa · 4 employees | $13.0M | 41.3 mi |
| ZYDOT UNLIMITED INC. Tulsa · 3 employees | $11.9M | 45.3 mi |
| CRATE AND TRANSPORT SERVICES INC. Tulsa · 2 employees | $10.8M | 46.9 mi |
| LIQUID ASSETS, INC. Broken Arrow · 2 employees | $10.8M | 47.2 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $59.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.5M |
| Estimate: the two combined (geometric mean) | $43.4M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.8M |
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 | $7.8M |
| Multiple for this size and industry | 4.3× |
| Value range | $4.1M – $10.7M |
| Revenue range | $28.5M – $49.4M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Drugs and Druggists' Sundries Merchant Wholesalers (424210) |
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: 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
- BankingRegent 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
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $138K | 13 |
| 2/22/2021 | second | $130K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Boulevard Pharmacy Inc
Boulevard Pharmacy Inc is a drugs and druggists' sundries merchant wholesalers company in Bartlesville, Oklahoma, in business since 2018. Its estimated annual revenue is about $43.4M, with roughly $1.8M of EBITDA. It has about 6 employees. Its estimated business value is $7.8M (likely range $4.1M–$10.7M).
Common questions
- Who owns Boulevard Pharmacy Inc?
- The owner of Boulevard Pharmacy 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 Boulevard Pharmacy Inc make?
- SeeBITDA estimates Boulevard Pharmacy Inc's annual revenue at about $43.4M (likely between $28.5M and $49.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Boulevard Pharmacy Inc worth?
- About $7.8M, roughly 4.3× its estimated EBITDA of $1.8M, typical for a drugs and druggists' sundries merchant wholesalers company its size. Likely range: $4.1M–$10.7M.
- How many employees does Boulevard Pharmacy Inc have?
- About 6, from its 2023 retirement-plan filing.
- When was Boulevard Pharmacy Inc founded?
- Boulevard Pharmacy Inc has been in business since 2018.