Gellco Clothing & Shoes, Inc.
How we got $1.5M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 21% 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 67 years (since 1959)
From public records and the company's website, not a statement that it's for sale.
What they do
Gellco Clothing & Shoes sells safety footwear, flame-resistant clothing, and work and outdoor apparel through five stores and mobile shoe trucks, serving workers and companies through corporate programs.
From the company's website. Industry: Accounting & tax.
Customers & suppliers
Customers
- Defense Logistics Agency · federal contracts $357K
- Federal Prison System / Bureau of Prisons · federal contracts $25K
Suppliers & brands
- Ariat · brand it sells or installs
- Carhartt · brand it sells or installs
- Wrangler · brand it sells or installs
- Bulwark · brand it sells or installs
- Lapco · brand it sells or installs
- Cinch · brand it sells or installs
- Timberland Pro · brand it sells or installs
- Reebok · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GELLCO CLOTHING & SHOES, INC. this business | $2.4M | — |
| Cox Holsted & Dimick Oklahoma City | $735K | 1.2 mi |
| Payroll Vault - Oklahoma City Oklahoma City | $735K | 1.2 mi |
| Halley Bookkeeping Oklahoma City | $735K | 1.2 mi |
| Okc Combat Sports Oklahoma City | $735K | 1.7 mi |
| 1510 LLC Oklahoma City · 2 employees | $600K | 1.9 mi |
| D FRANK PLATER JR PROFESSIONAL CORPORATION Oklahoma City · 3 employees | $783K | 1.9 mi |
The full calculation
| Employees reported to the SBA | 13 |
| 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) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $438K |
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 | $1.5M |
| Multiple for this size and industry | 3.5× |
| Value range | $807K – $2.1M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $288K – $500K |
| Industry (NAICS) | Other Accounting Services (541219) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Gellco Clothing & Shoes has been serving the great American worker with the finest quality occupational footwear and work apparel since it was first opened in 1959.”
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $125K | 13 |
| 1/31/2021 | second | $121K | 9 |
3 locations
| 1200 S AGNEW | Oklahoma City | This listing |
| 1598 OK-69A | Pryor | View |
| 11327 E 31st St | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gellco Clothing & Shoes, Inc.
Gellco Clothing & Shoes, Inc. is an accounting & tax company in Oklahoma City, Oklahoma, in business since 1959. Its estimated annual revenue is about $2.4M, with roughly $438K of EBITDA. It has about 13 employees. Its estimated business value is $1.5M (likely range $807K–$2.1M). It has 3 locations.
Common questions
- Who owns Gellco Clothing & Shoes, Inc.?
- The owner of Gellco Clothing & Shoes, 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 Gellco Clothing & Shoes, Inc. make?
- SeeBITDA estimates Gellco Clothing & Shoes, Inc.'s annual revenue at about $2.4M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gellco Clothing & Shoes, Inc. worth?
- About $1.5M, roughly 3.5× its estimated EBITDA of $438K, typical for a accounting & tax company its size. Likely range: $807K–$2.1M.
- How many employees does Gellco Clothing & Shoes, Inc. have?
- About 13, as reported on its PPP loan.
- When was Gellco Clothing & Shoes, Inc. founded?
- Gellco Clothing & Shoes, Inc. has been in business since 1959.