Hanes Grocery LLC
How we got $2.9M
Based on its 58 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 27% 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 |
|---|---|---|
| HANES GROCERY LLC this business | $19.0M | — |
| Moore's Food Pride Boise City | $3.0M | 0.0 mi |
| Parker Furniture Boise City | $4.2M | 0.1 mi |
| RED & SONS AUTO REPAIR & PARTS INC Boise City · 6 employees | $3.0M | 0.1 mi |
| Loaf 'N Jug Boise City | $5.2M | 0.1 mi |
| Toot'n Totum Boise City | $3.0M | 0.1 mi |
| Cenex | $5.2M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 58 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.9M |
| Estimate: the two combined (geometric mean) | $19.0M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $956K |
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 | $2.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.5M – $3.9M |
| Revenue range | $12.5M – $21.7M |
| EBITDA range | $629K – $1.1M |
| Industry (NAICS) | Supermarkets and Other Grocery Retailers (except Convenience Retailers) (445110) |
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
Advisors
- BankingThe First State 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 Roles are as stated there and may be out of date.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
| First State Bank PPP 2021 | All 268 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/12/2021 | first | $206K | 58 |
About Hanes Grocery LLC
Hanes Grocery LLC is a supermarkets and other grocery retailers (except convenience retailers) company in Boise City, Oklahoma. Its estimated annual revenue is about $19.0M, with roughly $956K of EBITDA. It has about 58 employees. Its estimated business value is $2.9M (likely range $1.5M–$3.9M).
Common questions
- Who owns Hanes Grocery LLC?
- The owner of Hanes Grocery LLC 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 Hanes Grocery LLC make?
- SeeBITDA estimates Hanes Grocery LLC's annual revenue at about $19.0M (likely between $12.5M and $21.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hanes Grocery LLC worth?
- About $2.9M, roughly 3× its estimated EBITDA of $956K, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $1.5M–$3.9M.
- How many employees does Hanes Grocery LLC have?
- About 58, as reported on its PPP loan.