Payne Jewelry Inc
How we got $415K
Based on its 5 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
Payne Jewelry is a jewelry store in Duncan, OK that sells bridal and fine jewelry and offers jewelry repair, custom design, appraisals and watch service. It describes itself as a trusted destination in Duncan and Southwest Oklahoma for more than a century.
From the company's website. Industry: Retail Trade.
Estimated value over time
▲ 15% 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 |
|---|---|---|
| PAYNE JEWELRY INC this business | $2.2M | — |
| O'NEAL'S JEWELERS 'THE DIAMOND STORE' INC. Pauls Valley · 3 employees | $1.9M | 45.1 mi |
| SYLVIA MORALES Purcell · 1 employees | $334K | 48.6 mi |
| JBJ JEWELERS INC Ardmore · 7 employees | $3.0M | 52.1 mi |
| AMERICAN SOUTHWEST INC. Ardmore · 3 employees | $999K | 52.2 mi |
| TOL'S JEWELERS Ardmore · 4 employees | $1.8M | 53.4 mi |
| BROCKHAUS JEWELRY Norman · 7 employees | $5.1M | 55.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $208K |
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 | $415K |
| Multiple for this size and industry | 2× |
| Value range | $219K – $568K |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $137K – $237K |
| Industry (NAICS) | Retail Trade (448310) |
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
“For more than a century, Payne Jewelry has been a trusted destination for engagement rings, fine jewelry, jewelry repair, and expert service in Duncan and Southwest Oklahoma.”
Advisors
- BankingArvest 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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $26K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Payne Jewelry Inc
Payne Jewelry Inc is a retail trade company in Duncan, Oklahoma, in business since 2004. Its estimated annual revenue is about $2.2M, with roughly $208K of EBITDA. It has about 5 employees. Its estimated business value is $415K (likely range $219K–$568K).
Common questions
- Who owns Payne Jewelry Inc?
- The owner of Payne Jewelry 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 Payne Jewelry Inc make?
- SeeBITDA estimates Payne Jewelry Inc's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Payne Jewelry Inc worth?
- About $415K, roughly 2× its estimated EBITDA of $208K, typical for a retail trade company its size. Likely range: $219K–$568K.
- How many employees does Payne Jewelry Inc have?
- About 5, as reported on its PPP loan.
- When was Payne Jewelry Inc founded?
- Payne Jewelry Inc has been in business since 2004.