Covermore Shelters Inc.
How we got $236K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Covermore Buildings, a division of Chupp Industrial Inc. in Chouteau, Oklahoma, sells tension fabric buildings and shelters, shipping containers, sheds and greenhouses, shipped nationwide. Its container shelters mount on shipping containers.
From the company's website. Industry: Retail Trade.
Customers & suppliers
Suppliers & brands
- Covermore · brand it sells or installs
- Gold Mountain · brand it sells or installs
- Suihe · brand it sells or installs
Estimated value over time
▲ 67% 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 |
|---|---|---|
| COVERMORE SHELTERS INC. this business | $929K | — |
| COMMERCIAL FITNESS CONCEPTS LLC Tulsa · 27 employees | $23.3M | 27.0 mi |
| ASPENGROVE GROUP INC Broken Arrow · 3 employees | $3.2M | 27.9 mi |
| THUNDER ROCK SPORTS JEWELRY LLC Tulsa · 1 employees | $1.1M | 30.8 mi |
| UNITY CROSS INC Bixby · 6 employees | $5.5M | 31.5 mi |
| 1DYNAMIC DOG LLC Collinsville · 1 employees | $827K | 32.2 mi |
| JAMES BRYANT Collinsville · 1 employees | $827K | 32.2 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $891K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $745K |
| Estimate: the two combined (geometric mean) | $929K |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $118K |
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 | $236K |
| Multiple for this size and industry | 2× |
| Value range | $124K – $323K |
| Revenue range | $611K – $1.1M |
| EBITDA range | $78K – $135K |
| Industry (NAICS) | Retail Trade (454110) |
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
History & advisors
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $9K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covermore Shelters Inc.
Covermore Shelters Inc. is a retail trade company in Chouteau, Oklahoma, in business since 2019. It is owned by Darren Chupp (Founder & CEO). Its estimated annual revenue is about $929K, with roughly $118K of EBITDA. It has about 1 employees. Its estimated business value is $236K (likely range $124K–$323K).
Common questions
- Who owns Covermore Shelters Inc.?
- Covermore Shelters Inc. is owned by Darren Chupp (Founder & CEO), according to public sources such as the company's website or filings.
- How much revenue does Covermore Shelters Inc. make?
- SeeBITDA estimates Covermore Shelters Inc.'s annual revenue at about $929K (likely between $611K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covermore Shelters Inc. worth?
- About $236K, roughly 2× its estimated EBITDA of $118K, typical for a retail trade company its size. Likely range: $124K–$323K.
- How many employees does Covermore Shelters Inc. have?
- About 1, as reported on its PPP loan.
- When was Covermore Shelters Inc. founded?
- Covermore Shelters Inc. has been in business since 2019.