Jones Wholesale Bait, Inc.
How we got $629K
Based on its 7 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
What they do
Jones Wholesale Bait, Inc. is a family-owned wholesale bait distributor and pond stocking service that serves bait shops and pond owners in Southern Oklahoma and North Texas.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 32% 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 |
|---|---|---|
| JONES WHOLESALE BAIT, INC. this business | $2.4M | — |
| DACAPO MUSIC, INC. Ardmore · 2 employees | $853K | 4.7 mi |
| WAITE'S DISCOUNT GUNS, INC. Pauls Valley · 3 employees | $2.5M | 37.3 mi |
| BARRETT AND SONS SPORTING GOODS LLC Durant · 5 employees | $1.7M | 44.8 mi |
| SHOOTERS GUNS & AMMO LLC Comanche · 1 employees | $608K | 45.2 mi |
| COACHES CORNER LLC Duncan · 8 employees | $2.9M | 48.4 mi |
| ADA MUSIC CENTER, LLC Ada · 7 employees | $2.7M | 49.7 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $262K |
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 | $629K |
| Multiple for this size and industry | 2.4× |
| Value range | $331K – $861K |
| Revenue range | $1.6M – $2.7M |
| EBITDA range | $172K – $299K |
| Industry (NAICS) | Retail Trade (451110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
People & advisors
“For more than 20 years our customers have been our greatest asset, and customer satisfaction is still our top priority.”
Leadership
- AJAlan JonesFamily member (the Alan Jones family owns and runs the busin · Company website · source
Advisors
- BankingPeoples Bank and Trust CompanyPPP / 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
| Peoples Bank and Trust Company PPP 2020 | All 320 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $20K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Jones Wholesale Bait, Inc.
Jones Wholesale Bait, Inc. is a family-owned retail trade company in Ardmore, Oklahoma, in business since 1999. Its estimated annual revenue is about $2.4M, with roughly $262K of EBITDA. It has about 7 employees. Its estimated business value is $629K (likely range $331K–$861K).
Common questions
- Who owns Jones Wholesale Bait, Inc.?
- The owner of Jones Wholesale Bait, 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 Jones Wholesale Bait, Inc. make?
- SeeBITDA estimates Jones Wholesale Bait, Inc.'s annual revenue at about $2.4M (likely between $1.6M and $2.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Jones Wholesale Bait, Inc. worth?
- About $629K, roughly 2.4× its estimated EBITDA of $262K, typical for a retail trade company its size. Likely range: $331K–$861K.
- How many employees does Jones Wholesale Bait, Inc. have?
- About 7, as reported on its PPP loan.
- When was Jones Wholesale Bait, Inc. founded?
- Jones Wholesale Bait, Inc. has been in business since 1999.