Gellco Uniforms & Shoes, Inc.
How we got $2.2M
Based on its 16 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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: Retail Trade.
Customers & suppliers
Customers
- Department of the Army · federal contracts $669K
- Bureau of Indian Affairs and Bureau of Indian Education · federal contracts $-3K
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
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- HOGANTAYLOR LLP · Tulsa, 2 mi · $86.5M
- FINLEY AND COOK PLLC · Shawnee, 77 mi · $45.0M
- KYLE'S APPLIANCE REPAIR · Tulsa, 7 mi · $28.7M
- CCK STRATEGIES PLLC · Tulsa, 9 mi · $28.4M
- PACESETTER TEMPORARY SERVICES, LLC · Tulsa, 1 mi · $26.2M
Estimated value over time
▲ 10% 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 |
|---|---|---|
| GELLCO UNIFORMS & SHOES, INC. this business | $9.5M | — |
| MOERN COTTAGE LLC Tulsa · 2 employees | $1.2M | 0.8 mi |
| SONYA FERNANDEZ Tulsa · 2 employees | $1.2M | 0.8 mi |
| SLADE LLC Tulsa · 1 employees | $325K | 0.9 mi |
| TULSA BAMBOO INCORPORATED Tulsa · 8 employees | $2.7M | 1.5 mi |
| PAVILLION ON THE PLAZA INC Tulsa · 12 employees | $2.7M | 1.5 mi |
| SALTINK ENTERPRISES LLC Tulsa · 2 employees | $612K | 1.7 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.2M |
| Estimate: the two combined (geometric mean) | $9.5M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $728K |
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 | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $3.0M |
| Revenue range | $6.3M – $10.9M |
| EBITDA range | $479K – $830K |
| Industry (NAICS) | Retail Trade (448110) |
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
“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
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $158K | 16 |
| 1/20/2021 | second | $145K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gellco Uniforms & Shoes, Inc.
Gellco Uniforms & Shoes, Inc. is a retail trade company in Tulsa, Oklahoma, in business since 1959. Its estimated annual revenue is about $9.5M, with roughly $728K of EBITDA. It has about 16 employees. Its estimated business value is $2.2M (likely range $1.1M–$3.0M).
Common questions
- Who owns Gellco Uniforms & Shoes, Inc.?
- The owner of Gellco Uniforms & 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 Uniforms & Shoes, Inc. make?
- SeeBITDA estimates Gellco Uniforms & Shoes, Inc.'s annual revenue at about $9.5M (likely between $6.3M and $10.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gellco Uniforms & Shoes, Inc. worth?
- About $2.2M, roughly 3× its estimated EBITDA of $728K, typical for a retail trade company its size. Likely range: $1.1M–$3.0M.
- How many employees does Gellco Uniforms & Shoes, Inc. have?
- About 16, as reported on its PPP loan.
- When was Gellco Uniforms & Shoes, Inc. founded?
- Gellco Uniforms & Shoes, Inc. has been in business since 1959.