Pirates Alley Inc
How we got $1.0M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 56 years (since 1970)
- Founder still runs it after 56 years
From public records and the company's website, not a statement that it's for sale.
What they do
Pirates Alley is a custom and readymade picture framing shop serving the Greater Oklahoma City Area, offering framing techniques and conservation materials since 1970.
From the company's website. Industry: Other Personal and Household Goods Repair and Maintenance.
Estimated value over time
▲ 38% 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 |
|---|---|---|
| PIRATES ALLEY INC this business | $2.8M | — |
| J & S SHOE REPAIR, INC Oklahoma City · 2 employees | $433K | 1.1 mi |
| NORTHERN SCAPES, LLC Oklahoma City · 6 employees | $1.3M | 1.4 mi |
| SAM'S HANDYMAN SERVICES LLC Oklahoma City · 1 employees | $245K | 1.4 mi |
| INDUSTRIAL PLUMBING & HEATING INC Oklahoma City · 9 employees | $1.7M | 1.7 mi |
| FURNITURE RESTORATION AND REPAIR, LLC Oklahoma City · 12 employees | $2.5M | 2.3 mi |
| TIM'S REPAIR SERVICE, LLC Oklahoma City · 1 employees | $299K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $343K |
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 | $1.0M |
| Multiple for this size and industry | 3× |
| Value range | $542K – $1.4M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $226K – $392K |
| Industry (NAICS) | Other Personal and Household Goods Repair and Maintenance (811490) |
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
History & advisors
“Founded in 1970 by RJ and Alvina Henrichs, Pirates Alley has been providing quality custom picture framing for more than 40 years.”
Advisors
- BankingBank of America, National AssociationPPP / 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
| Bank of America, National Association PPP 2020, PPP 2021 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/2/2020 | first | $90K | 11 |
| 2/10/2021 | second | $100K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pirates Alley Inc
Pirates Alley Inc is a family-owned other personal and household goods repair and maintenance company in Oklahoma City, Oklahoma, in business since 1970. It is owned by RJ and Alvina Henrichs (Founder). Its estimated annual revenue is about $2.8M, with roughly $343K of EBITDA. It has about 11 employees. Its estimated business value is $1.0M (likely range $542K–$1.4M).
Common questions
- Who owns Pirates Alley Inc?
- Pirates Alley Inc is owned by RJ and Alvina Henrichs (Founder), according to public sources such as the company's website or filings.
- How much revenue does Pirates Alley Inc make?
- SeeBITDA estimates Pirates Alley Inc's annual revenue at about $2.8M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pirates Alley Inc worth?
- About $1.0M, roughly 3× its estimated EBITDA of $343K, typical for a other personal and household goods repair and maintenance company its size. Likely range: $542K–$1.4M.
- How many employees does Pirates Alley Inc have?
- About 11, as reported on its PPP loan.
- When was Pirates Alley Inc founded?
- Pirates Alley Inc has been in business since 1970.
- Is Pirates Alley Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 56 years (since 1970); founder still runs it after 56 years.