New Application
How we got $2.1M
Based on 5 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 7% 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 |
|---|---|---|
| NEW APPLICATION this business | $12.8M | — |
| CLASSEY DRUMRIGHT FLORAL LLC Drumright · 1 employees | $478K | 2.2 mi |
| STANDARD TOBACCO COMPANY Sapulpa | $61.0M | 21.3 mi |
| CALVERT CLAIMS COMPANY Sapulpa · 1 employees | $701K | 23.3 mi |
| FISHER FARMS, INC Bristow · 7 employees | $9.2M | 23.4 mi |
| WOLF WAREHOUSE INC Jenks · 39 employees | $37.8M | 24.1 mi |
| FARMERS FEED STORE, INC. Sapulpa · 10 employees | $19.9M | 25.0 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Industry revenue per employee | $1.3M |
| Revenue = employees × revenue per employee | $12.8M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $578K |
| Cross-check: revenue implied by PPP payroll | $2.8M |
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 | $2.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $985K – $3.0M |
| Revenue range | $7.6M – $15.2M |
| EBITDA range | $342K – $684K |
| Industry (NAICS) | Tobacco Product and Electronic Cigarette Merchant Wholesalers (424940) |
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: 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
- BankingRCB 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 Roles are as stated there and may be out of date.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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $11K | 5 |
About New Application
New Application is a tobacco product and electronic cigarette merchant wholesalers company in Drumright, Oklahoma. Its estimated annual revenue is about $12.8M, with roughly $578K of EBITDA. It has about 5 employees. Its estimated business value is $2.1M (likely range $985K–$3.0M).
Common questions
- Who owns New Application?
- The owner of New Application 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 New Application make?
- SeeBITDA estimates New Application's annual revenue at about $12.8M (likely between $7.6M and $15.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Application worth?
- About $2.1M, roughly 3.6× its estimated EBITDA of $578K, typical for a tobacco product and electronic cigarette merchant wholesalers company its size. Likely range: $985K–$3.0M.
- How many employees does New Application have?
- About 5, as reported on its PPP loan.