Midwest Racquetball and Sporting Goods Distribution, Inc.
How we got $9.8M
Based on its 40 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Midwest Sporting Goods is a Tulsa, OK business whose pages list embroidery, screenprinting, and catalogs with a sales section. The pages do not clearly describe its customers in detail.
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.
Employees over time
▲ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 40 | $12.0M |
| 2020 | Form 5500 | 39 | $11.7M |
| 2021 | Form 5500 | 33 | $9.9M |
| 2022 | Form 5500 | 33 | $9.9M |
| 2023 | Form 5500 | 38 | $11.4M |
| 2024 | Form 5500 | 42 | $12.6M |
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 |
|---|---|---|
| MIDWEST RACQUETBALL AND SPORTING GOODS DISTRIBUTION, INC. this business | $26.7M | — |
| MIDWEST RAQUETBALL AND SPORTING GOODS DIST. INC. Tulsa · 41 employees | $27.0M | 0.0 mi |
| TULSA BAND & GUITARS, LLC. Tulsa · 4 employees | $1.4M | 0.2 mi |
| ACTION ARMS LLC Tulsa · 1 employees | $785K | 0.3 mi |
| JUSBFIT, LLC Tulsa · 20 employees | $10.7M | 0.5 mi |
| UNIQUE STITCHES, INC. Tulsa · 5 employees | $1.2M | 0.6 mi |
| BICYCLES OF TULSA INC. Tulsa · 7 employees | $4.0M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 40 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.3M |
| Estimate: the two combined (geometric mean) | $26.7M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $2.2M |
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 | $9.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.1M – $13.3M |
| Revenue range | $17.6M – $30.4M |
| EBITDA range | $1.5M – $2.5M |
| Industry (NAICS) | Retail Trade (451110) |
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
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 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 | $449K | 40 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Racquetball and Sporting Goods Distribution, Inc.
Midwest Racquetball and Sporting Goods Distribution, Inc. is a family-owned retail trade company in Tulsa, Oklahoma, in business since 2004. Its estimated annual revenue is about $26.7M, with roughly $2.2M of EBITDA. It has about 42 employees. Its estimated business value is $9.8M (likely range $5.1M–$13.3M).
Common questions
- Who owns Midwest Racquetball and Sporting Goods Distribution, Inc.?
- The owner of Midwest Racquetball and Sporting Goods Distribution, 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 Midwest Racquetball and Sporting Goods Distribution, Inc. make?
- SeeBITDA estimates Midwest Racquetball and Sporting Goods Distribution, Inc.'s annual revenue at about $26.7M (likely between $17.6M and $30.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Racquetball and Sporting Goods Distribution, Inc. worth?
- About $9.8M, roughly 4.4× its estimated EBITDA of $2.2M, typical for a retail trade company its size. Likely range: $5.1M–$13.3M.
- How many employees does Midwest Racquetball and Sporting Goods Distribution, Inc. have?
- About 42, from its 2024 retirement-plan filing.
- When was Midwest Racquetball and Sporting Goods Distribution, Inc. founded?
- Midwest Racquetball and Sporting Goods Distribution, Inc. has been in business since 2004.