Midway Grocery Inc
How we got $443K
Based on its 6 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 100 years (since 1926)
From public records and the company's website, not a statement that it's for sale.
What they do
Midway Deli is an old-fashioned deli in Norman, Oklahoma, serving fresh, made-to-order lunch sandwiches and soup. It also runs a food truck at local festivals and events and offers catering.
From the company's website. Industry: Supermarkets and Other Grocery Retailers (except Convenience Retailers).
Estimated value over time
▲ 33% 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 |
|---|---|---|
| MIDWAY GROCERY INC this business | $3.3M | — |
| ONE STOP ANIME LLC Norman · 1 employees | $537K | 1.5 mi |
| BFL-NORMAN, LLC Norman · 23 employees | $10.5M | 1.8 mi |
| RAJ CORPORATION Norman · 3 employees | $2.1M | 3.8 mi |
| SABARMATI INC. Washington · 10 employees | $2.7M | 4.8 mi |
| SUPER C MART INC. Noble · 199 employees | $73.1M | 5.7 mi |
| V.K. CORPORATION Noble · 3 employees | $1.4M | 5.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $222K |
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 | $443K |
| Multiple for this size and industry | 2× |
| Value range | $233K – $606K |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $146K – $253K |
| 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
People & advisors
“Midway Grocery opened in 1926 as one of a string of stores offering groceries and gasoline to the local population.”
Advisors
- BankingArmstrong 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
| Armstrong Bank PPP 2020, PPP 2021 | All 1,355 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 | $36K | 5 |
| 1/22/2021 | second | $35K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midway Grocery Inc
Midway Grocery Inc is a supermarkets and other grocery retailers (except convenience retailers) company in Norman, Oklahoma, in business since 1926. Its estimated annual revenue is about $3.3M, with roughly $222K of EBITDA. It has about 6 employees. Its estimated business value is $443K (likely range $233K–$606K).
Common questions
- Who owns Midway Grocery Inc?
- The owner of Midway Grocery 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 Midway Grocery Inc make?
- SeeBITDA estimates Midway Grocery Inc's annual revenue at about $3.3M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midway Grocery Inc worth?
- About $443K, roughly 2× its estimated EBITDA of $222K, typical for a supermarkets and other grocery retailers (except convenience retailers) company its size. Likely range: $233K–$606K.
- How many employees does Midway Grocery Inc have?
- About 6, as reported on its PPP loan.
- When was Midway Grocery Inc founded?
- Midway Grocery Inc has been in business since 1926.