Cornet Carpet Inc
How we got $312K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 19% 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 |
|---|---|---|
| CORNET CARPET INC this business | $2.1M | — |
| L B HALEY'S FLOOR STORE LLC Oklahoma City · 14 employees | $7.6M | 1.2 mi |
| CAPITOL GLASS AND MIRROR CO., INC. Oklahoma City · 11 employees | $5.7M | 1.2 mi |
| L B HALEYS FLOOR STORE LLC Oklahoma City · 4 employees | $2.8M | 1.3 mi |
| BLIND ALLEY HOLDING CO LLC Oklahoma City · 2 employees | $1.0M | 1.4 mi |
| MOORMAN'S CARPETS, INC. Oklahoma City · 4 employees | $2.6M | 1.4 mi |
| PREMISE TECHNOLOGIES, INC Oklahoma City · 1 employees | $893K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $156K |
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 | $312K |
| Multiple for this size and industry | 2× |
| Value range | $164K – $427K |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $103K – $178K |
| Industry (NAICS) | Retail Trade (442210) |
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 America, National AssociationPPP / 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 Roles are as stated there and may be out of date.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 America, National Association PPP 2020, PPP 2021 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $35K | 2 |
| 1/20/2021 | second | $32K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cornet Carpet Inc
Cornet Carpet Inc is a retail trade company in Warr Acres, Oklahoma, in business since 2016. Its estimated annual revenue is about $2.1M, with roughly $156K of EBITDA. It has about 2 employees. Its estimated business value is $312K (likely range $164K–$427K).
Common questions
- Who owns Cornet Carpet Inc?
- The owner of Cornet Carpet 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 Cornet Carpet Inc make?
- SeeBITDA estimates Cornet Carpet Inc's annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cornet Carpet Inc worth?
- About $312K, roughly 2× its estimated EBITDA of $156K, typical for a retail trade company its size. Likely range: $164K–$427K.
- How many employees does Cornet Carpet Inc have?
- About 2, as reported on its PPP loan.
- When was Cornet Carpet Inc founded?
- Cornet Carpet Inc has been in business since 2016.