Convenient Foods, Inc.
How we got $449K
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 36% 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 |
|---|---|---|
| CONVENIENT FOODS, INC. this business | $3.3M | — |
| DHRISH LLC Ardmore · 4 employees | $2.6M | 2.6 mi |
| BRIMER, BUTLER & VERNER, CPAS, PC Ardmore · 6 employees | $4.4M | 3.8 mi |
| CITY PRODUCE COMPANY, INC. Ardmore · 38 employees | $15.8M | 4.1 mi |
| ALTOM INC Ardmore · 74 employees | $17.6M | 4.2 mi |
| SINGH SONS INVESTMENT GROUP INC Ardmore · 6 employees | $1.6M | 5.9 mi |
| STAR SONS INVESTMENT GROUP INC Ardmore · 4 employees | $3.0M | 5.9 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $225K |
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 | $449K |
| Multiple for this size and industry | 2× |
| Value range | $236K – $615K |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $148K – $256K |
| Industry (NAICS) | Grocery and Convenience Retailers (445120) |
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
- BankingPeoples Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| Peoples Bank and Trust Company PPP 2020 | All 320 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $33K | 13 |
About Convenient Foods, Inc.
Convenient Foods, Inc. is a grocery and convenience retailers company in Ardmore, Oklahoma. Its estimated annual revenue is about $3.3M, with roughly $225K of EBITDA. It has about 13 employees. Its estimated business value is $449K (likely range $236K–$615K).
Common questions
- Who owns Convenient Foods, Inc.?
- The owner of Convenient Foods, 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 Convenient Foods, Inc. make?
- SeeBITDA estimates Convenient Foods, Inc.'s annual revenue at about $3.3M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Convenient Foods, Inc. worth?
- About $449K, roughly 2× its estimated EBITDA of $225K, typical for a grocery and convenience retailers company its size. Likely range: $236K–$615K.
- How many employees does Convenient Foods, Inc. have?
- About 13, as reported on its PPP loan.