Palace Drug Store, Inc
How we got $1.2M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 24% 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 |
|---|---|---|
| PALACE DRUG STORE, INC this business | $6.5M | — |
| LAKE COUNTRY MEDICAL BILLING, LLC Atoka · 14 employees | $7.4M | 12.2 mi |
| QUALITY RX CONSULTING, LLC Atoka · 1 employees | $1.4M | 12.2 mi |
| RITTER EXPRESS PHARMACY INC Atoka · 13 employees | $8.4M | 12.2 mi |
| ALLEN NEIGHBORHOOD PHARMACY INC. Allen · 13 employees | $6.1M | 26.0 mi |
| BROWNS PHARMACY AND GIFT S LLC Ada · 18 employees | $10.0M | 29.8 mi |
| ADA PHARMACY INC Ada · 7 employees | $6.3M | 30.1 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.0M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $488K |
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 | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $617K – $1.6M |
| Revenue range | $4.2M – $7.4M |
| EBITDA range | $321K – $557K |
| Industry (NAICS) | Retail Trade (446110) |
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
History & advisors
Advisors
- BankingFirstBankPPP / 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 Roles are as stated there and may be out of date.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
| FirstBank PPP 2020 | All 263 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $72K | 11 |
3 locations
| 104 W OHIO AVE | Coalgate | This listing |
| 301 N Broadway St | Cleveland | View |
| 1200 SE Lincoln Rd | Idabel | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Palace Drug Store, Inc
Palace Drug Store, Inc is a pharmacies company in Coalgate, Oklahoma, in business since 2019. Its estimated annual revenue is about $6.5M, with roughly $488K of EBITDA. It has about 11 employees. Its estimated business value is $1.2M (likely range $617K–$1.6M). It has 3 locations.
Common questions
- Who owns Palace Drug Store, Inc?
- The owner of Palace Drug Store, 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 Palace Drug Store, Inc make?
- SeeBITDA estimates Palace Drug Store, Inc's annual revenue at about $6.5M (likely between $4.2M and $7.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Palace Drug Store, Inc worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $488K, typical for a pharmacies company its size. Likely range: $617K–$1.6M.
- How many employees does Palace Drug Store, Inc have?
- About 11, as reported on its PPP loan.
- When was Palace Drug Store, Inc founded?
- Palace Drug Store, Inc has been in business since 2019.