Crown Jewelry Inc.
- Shannon PrestonRuns the store · Company website
- Darren CramerOn-site jeweler · Company website
How we got $1.9M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 15% 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.
What we know
Signs of a sale Some signs of a sale
- In business 42 years (since 1984)
From public records and the company's website, not a statement that it's for sale.
What they do
Crown Jewelry is a family-owned fine jewelry store in downtown Altus, Oklahoma, selling bridal, diamond, colored stone, estate and fashion jewelry and offering custom design, repairs, appraisals, engraving and gold buying.
From the company's website. Industry: Jewelry Retailers.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CROWN JEWELRY INC. this business | $7.2M | — |
| JAZZIE ROSE COLLECTION LLC Altus · 2 employees | $1.0M | 0.0 mi |
| AUSTIN'S APPAREL, L.L.C. Altus · 2 employees | $698K | 0.0 mi |
| COTTON PATCH, ALTUS, LLC Altus · 4 employees | $2.6M | 0.0 mi |
| Lady Austin's Altus | $1.7M | 0.0 mi |
| KEITH PRIVETT Altus · 2 employees | $1.1M | 0.1 mi |
| Formal Boutique Of Altus Altus | $1.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $7.2M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $624K |
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 | $1.9M |
| Multiple for this size and industry | 3× |
| Value range | $985K – $2.6M |
| Revenue range | $4.7M – $8.2M |
| EBITDA range | $411K – $712K |
| Industry (NAICS) | Jewelry Retailers (458310) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Crown Jewelry has been part of downtown Altus since 1984, when John and Debra Borders opened their store on Main Street.”
Advisors
- BankingNBC 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
| NBC Oklahoma PPP 2020, PPP 2021 | All 526 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $74K | 16 |
| 1/22/2021 | second | $74K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Crown Jewelry Inc.
Crown Jewelry Inc. is a family-owned jewelry retailers company in Altus, Oklahoma, in business since 1984. Its estimated annual revenue is about $7.2M, with roughly $624K of EBITDA. It has about 16 employees. Its estimated business value is $1.9M (likely range $985K–$2.6M).
Common questions
- Who owns Crown Jewelry Inc.?
- The owner of Crown Jewelry 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 Crown Jewelry Inc. make?
- SeeBITDA estimates Crown Jewelry Inc.'s annual revenue at about $7.2M (likely between $4.7M and $8.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Crown Jewelry Inc. worth?
- About $1.9M, roughly 3× its estimated EBITDA of $624K, typical for a jewelry retailers company its size. Likely range: $985K–$2.6M.
- How many employees does Crown Jewelry Inc. have?
- About 16, as reported on its PPP loan.
- When was Crown Jewelry Inc. founded?
- Crown Jewelry Inc. has been in business since 1984.