Rays Furniture and Appliances Inc
How we got $909K
Based on its 11 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 8% since 2021Today'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 |
|---|---|---|
| RAYS FURNITURE AND APPLIANCES INC this business | $6.4M | — |
| RAYS FURNITURE AND APPLIANCE INC Newcastle · 2 employees | $871K | 2.8 mi |
| OSBORN PROPERTIES, INC. Newcastle · 8 employees | $2.4M | 4.5 mi |
| COMPUTERS@HOME, LLC Moore · 3 employees | $1.1M | 7.4 mi |
| MEDIA-HUB OKC, LLC Oklahoma City · 11 employees | $5.2M | 7.9 mi |
| MILLENNIUM INFORMATION SERVICES LLC Norman · 4 employees | $2.3M | 8.3 mi |
| AIR CONTROL EXPERTS Oklahoma City · 1 employees | $328K | 8.7 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.8M |
| Estimate: the two combined (geometric mean) | $6.4M |
| EBITDA margin (industry, adjusted for size) | 6% |
| EBITDA = revenue × margin | $379K |
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 | $909K |
| Multiple for this size and industry | 2.4× |
| Value range | $478K – $1.2M |
| Revenue range | $4.2M – $7.3M |
| EBITDA range | $249K – $432K |
| Industry (NAICS) | Retail Trade (443141) |
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
People & advisors
Advisors
- BankingLegacy 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 Roles are as stated there and may be out of date.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
| Legacy Bank PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/8/2021 | second | $101K | 11 |
About Rays Furniture and Appliances Inc
Rays Furniture and Appliances Inc is a retail trade company in Newcastle, Oklahoma. Its estimated annual revenue is about $6.4M, with roughly $379K of EBITDA. It has about 11 employees. Its estimated business value is $909K (likely range $478K–$1.2M).
Common questions
- Who owns Rays Furniture and Appliances Inc?
- The owner of Rays Furniture and Appliances 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 Rays Furniture and Appliances Inc make?
- SeeBITDA estimates Rays Furniture and Appliances Inc's annual revenue at about $6.4M (likely between $4.2M and $7.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rays Furniture and Appliances Inc worth?
- About $909K, roughly 2.4× its estimated EBITDA of $379K, typical for a retail trade company its size. Likely range: $478K–$1.2M.
- How many employees does Rays Furniture and Appliances Inc have?
- About 11, as reported on its PPP loan.