Magic Refrigeration Co
- Teresa CalicoSigns company filings · Form 5500 (2025)
How we got $1.4M
Based on its 8 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 63 years (since 1963)
From public records and the company's website, not a statement that it's for sale.
What they do
Magic Refrigeration Co. is a family-owned and -operated distributor of commercial refrigeration equipment in Tulsa, Oklahoma, serving northeast Oklahoma since 1963. It sells, services and leases refrigeration equipment, with a focus on ice machines.
From the company's website. Industry: Refrigeration Equipment and Supplies Merchant Wholesalers.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MAZZIO'S LLC · Tulsa, 2 mi · $80.0M
- REW III LLC · Tulsa, 1 mi · $70.4M
- HIDEAWAY- 2 INC · Tulsa, 8 mi · $63.9M
- SJK, LLC · Broken Arrow, 5 mi · $48.1M
- WICHITA SDI, LLC · Prague, 62 mi · $46.7M
Estimated value over time
▲ 48% 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.
Employees over time
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 8 | $6.7M |
| 2020 | Form 5500 | 9 | $7.5M |
| 2021 | Form 5500 | 7 | $5.9M |
| 2022 | Form 5500 | 7 | $5.9M |
| 2023 | Form 5500 | 8 | $6.7M |
| 2024 | Form 5500 | 9 | $7.5M |
| 2025 | Form 5500 | 5 | $4.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MAGIC REFRIGERATION CO this business | $6.5M | — |
| PANNELL ASSOCIATES SALES COMPANY Tulsa · 8 employees | $8.7M | 0.1 mi |
| TEMPLE ENTERPRISES OF TULSA INC. Tulsa · 19 employees | $19.8M | 0.1 mi |
| HILTI CARIBE LLC Tulsa | $6.8M | 1.1 mi |
| APPLIED EQUIPMENT SALES Tulsa · 2 employees | $3.0M | 2.1 mi |
| GREEN COUNTRY WATER AND AIR, LLC Broken Arrow · 2 employees | $2.1M | 2.2 mi |
| ARCHITECTURAL STONE INTERNATIONAL LLC Tulsa · 2 employees | $2.3M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.6M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $479K |
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 | $1.4M |
| Multiple for this size and industry | 2.9× |
| Value range | $730K – $1.9M |
| Revenue range | $4.3M – $7.4M |
| EBITDA range | $315K – $546K |
| Industry (NAICS) | Refrigeration Equipment and Supplies Merchant Wholesalers (423740) |
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
History & advisors
“Founded in 1963 by Ward Farmer, the company was originally dubbed Ward Farmer Refrigeration.”
Advisors
- BankingTriad Bank, 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
| Triad Bank, National Association PPP 2020 | All 138 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $100K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Magic Refrigeration Co
Magic Refrigeration Co is a family-owned refrigeration equipment and supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 1963. Its estimated annual revenue is about $6.5M, with roughly $479K of EBITDA. It has about 5 employees. Its estimated business value is $1.4M (likely range $730K–$1.9M).
Common questions
- Who owns Magic Refrigeration Co?
- The owner of Magic Refrigeration Co 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 Magic Refrigeration Co make?
- SeeBITDA estimates Magic Refrigeration Co's annual revenue at about $6.5M (likely between $4.3M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Magic Refrigeration Co worth?
- About $1.4M, roughly 2.9× its estimated EBITDA of $479K, typical for a refrigeration equipment and supplies merchant wholesalers company its size. Likely range: $730K–$1.9M.
- How many employees does Magic Refrigeration Co have?
- About 5, from its 2025 retirement-plan filing.
- When was Magic Refrigeration Co founded?
- Magic Refrigeration Co has been in business since 1963.