Davenport Cloaks Incorporated
How we got $429K
Based on its 7 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 13% since 2021Today'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 |
|---|---|---|
| DAVENPORT CLOAKS INCORPORATED this business | $1.8M | — |
| POHLENZ CUCINE MODERNE, LLC Tulsa · 2 employees | $599K | 1.0 mi |
| BELLER'S CUSTOM FURNITURE MANUFACTURING & UPHOLSTERY COMPANY Tulsa · 14 employees | $4.4M | 1.3 mi |
| COUNTERTOP SPECIALTIES, INC. Tulsa · 14 employees | $3.0M | 1.8 mi |
| C SQUARED TECH CONSULTING , LLC Tulsa · 2 employees | $842K | 2.1 mi |
| CHEYENNE WOODWORKS INC. Tulsa · 3 employees | $573K | 2.2 mi |
| CSI LLC Tulsa · 14 employees | $2.8M | 2.5 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $165K |
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 | $429K |
| Multiple for this size and industry | 2.6× |
| Value range | $226K – $587K |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $108K – $188K |
| Industry (NAICS) | Upholstered Household Furniture Manufacturing (337121) |
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
People & advisors
Advisors
- BankingRegent 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
| Regent Bank PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/17/2021 | first | $30K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Davenport Cloaks Incorporated
Davenport Cloaks Incorporated is an upholstered household furniture manufacturing company in Tulsa, Oklahoma, in business since 2007. Its estimated annual revenue is about $1.8M, with roughly $165K of EBITDA. It has about 7 employees. Its estimated business value is $429K (likely range $226K–$587K).
Common questions
- Who owns Davenport Cloaks Incorporated?
- The owner of Davenport Cloaks Incorporated 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 Davenport Cloaks Incorporated make?
- SeeBITDA estimates Davenport Cloaks Incorporated's annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Davenport Cloaks Incorporated worth?
- About $429K, roughly 2.6× its estimated EBITDA of $165K, typical for a upholstered household furniture manufacturing company its size. Likely range: $226K–$587K.
- How many employees does Davenport Cloaks Incorporated have?
- About 7, as reported on its PPP loan.
- When was Davenport Cloaks Incorporated founded?
- Davenport Cloaks Incorporated has been in business since 2007.