Oklahoma Banana Distributing Co, Inc.
How we got $2.2M
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 52 years (since 1974)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| OKLAHOMA BANANA DISTRIBUTING CO, INC. this business | $13.4M | — |
| FRANK'S TOMATO & BANANA HOUSE INC Oklahoma City · 6 employees | $11.5M | 0.1 mi |
| TANAKA PRODUCE, INC. Oklahoma City · 16 employees | $34.2M | 0.1 mi |
| COUNTRY SQUIRE FARM PRODUCTS, INC. Oklahoma City · 11 employees | $24.9M | 0.4 mi |
| KING WHOLESALE LLC Oklahoma City · 5 employees | $5.2M | 0.9 mi |
| SCHWAB AND COMPANY Oklahoma City · 62 employees | $110.1M | 1.0 mi |
| CUSACK WHOLESALE MEAT CO. Oklahoma City · 9 employees | $15.5M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.1M |
| Estimate: the two combined (geometric mean) | $13.4M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $605K |
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 | $2.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.1M – $3.0M |
| Revenue range | $8.8M – $15.3M |
| EBITDA range | $398K – $690K |
| Industry (NAICS) | Fresh fruit and vegetable merchant wholesalers (424480) |
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
People & advisors
Advisors
- BankingCross River Bank, Customers 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
| Cross River Bank PPP 2020 | All 589 borrowers → |
| Customers Bank PPP 2021 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $45K | 7 |
| 3/13/2021 | second | $49K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Oklahoma Banana Distributing Co, Inc.
Oklahoma Banana Distributing Co, Inc. is a fresh fruit and vegetable merchant wholesalers company in Oklahoma City, Oklahoma, in business since 1974. It is owned by R EDWARD VELA. Its estimated annual revenue is about $13.4M, with roughly $605K of EBITDA. It has about 7 employees. Its estimated business value is $2.2M (likely range $1.1M–$3.0M).
Common questions
- Who owns Oklahoma Banana Distributing Co, Inc.?
- Oklahoma Banana Distributing Co, Inc. is owned by R EDWARD VELA, according to public sources such as the company's website or filings.
- How much revenue does Oklahoma Banana Distributing Co, Inc. make?
- SeeBITDA estimates Oklahoma Banana Distributing Co, Inc.'s annual revenue at about $13.4M (likely between $8.8M and $15.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Oklahoma Banana Distributing Co, Inc. worth?
- About $2.2M, roughly 3.6× its estimated EBITDA of $605K, typical for a fresh fruit and vegetable merchant wholesalers company its size. Likely range: $1.1M–$3.0M.
- How many employees does Oklahoma Banana Distributing Co, Inc. have?
- About 7, as reported on its PPP loan.
- When was Oklahoma Banana Distributing Co, Inc. founded?
- Oklahoma Banana Distributing Co, Inc. has been in business since 1974.