Crutcher's Western Wear of Duncan
How we got $386K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 14% 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 Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Crutcher's Western is an online retailer of western wear, saddlery, tack, barn and ranch supplies, health and pet products, and gifts. The page does not state who its customers are beyond shoppers of its online store.
From the company's website. Industry: Retail Trade.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CRUTCHER'S WESTERN WEAR OF DUNCAN this business | $2.0M | — |
| STOCKMANS THE COWBOY STORE LLC Duncan · 5 employees | $1.7M | 0.7 mi |
| SUMAC TRADING CO., LLC Duncan · 5 employees | $2.5M | 1.5 mi |
| TWO SCRAMBLED EGGS, LLC Marlow · 3 employees | $2.0M | 8.7 mi |
| BABY GLAM & MAMA TOO, LLC Marlow · 2 employees | $536K | 8.7 mi |
| RED DIAMOND FASHIONS Comanche · 5 employees | $1.5M | 12.8 mi |
| CRUTCHER'S FOR THE WEST OF LAWTON Lawton · 5 employees | $1.9M | 24.8 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $2.0M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $193K |
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 | $386K |
| Multiple for this size and industry | 2× |
| Value range | $203K – $528K |
| Revenue range | $1.3M – $2.3M |
| EBITDA range | $127K – $220K |
| Industry (NAICS) | Retail Trade (448190) |
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 |
|---|---|---|---|
| 4/5/2020 | first | $35K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Crutcher's Western Wear of Duncan
Crutcher's Western Wear of Duncan is a retail trade company in Duncan, Oklahoma, in business since 2002. Its estimated annual revenue is about $2.0M, with roughly $193K of EBITDA. It has about 6 employees. Its estimated business value is $386K (likely range $203K–$528K).
Common questions
- Who owns Crutcher's Western Wear of Duncan?
- The owner of Crutcher's Western Wear of Duncan 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 Crutcher's Western Wear of Duncan make?
- SeeBITDA estimates Crutcher's Western Wear of Duncan's annual revenue at about $2.0M (likely between $1.3M and $2.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Crutcher's Western Wear of Duncan worth?
- About $386K, roughly 2× its estimated EBITDA of $193K, typical for a retail trade company its size. Likely range: $203K–$528K.
- How many employees does Crutcher's Western Wear of Duncan have?
- About 6, as reported on its PPP loan.
- When was Crutcher's Western Wear of Duncan founded?
- Crutcher's Western Wear of Duncan has been in business since 2002.