Spaces Services II L.L.C.
How we got $886K
Based on its 13 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 27 years (since 1999)
- Founder still runs it after 27 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Spaces, Inc. is a corporate furniture retailer in Edmond, OK that provides design, furniture, installation and related services for clients' spaces.
From the company's website. Industry: Other Building Finishing Contractors.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LSB INDUSTRIES, INC · Oklahoma City, 11 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 8 mi · $339.6M
- SOUTHWESTERN WIRE INC · Norman, 32 mi · $312.4M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 21 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 18 mi · $232.0M
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 |
|---|---|---|
| SPACES SERVICES II L.L.C. this business | $3.3M | — |
| BEST FINISH LLC Edmond · 2 employees | $455K | 0.3 mi |
| NINA SLOAN Edmond · 3 employees | $1.7M | 1.9 mi |
| ART BEBO DRYWALL LLC Edmond · 1 employees | $355K | 1.9 mi |
| 405 COATINGS LLC Edmond · 1 employees | $269K | 2.3 mi |
| LEGACY PAINTING INC Edmond · 12 employees | $3.3M | 2.4 mi |
| FLYING TILE, LLC. Edmond · 18 employees | $5.8M | 2.7 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $385K |
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 | $886K |
| Multiple for this size and industry | 2.3× |
| Value range | $466K – $1.2M |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $254K – $439K |
| Industry (NAICS) | Other Building Finishing Contractors (238390) |
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
“Alison, having 43+ years of experience in commercial interior design, formed Spaces Inc. alongside her dealer partner, Don Henke, in 1999.”
Leadership
- KGKristen GilleLicensed Interior Designer · Company website · source
- CBCasady BallInterior Designer · Company website · source
- ABAllyson BristowInterior Designer · Company website · source
- PBPatricia BrewsterSenior Accounts Executive · Company website · source
- RCRussell CollierProject Manager · Company website · source
- RCRaegan ChewningProject Manager · Company website · source
- SFStacy FriesenOffice Administration · Company website · source
Advisors
- BankingMidFirst Bank, Itria Ventures LLCPPP / 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
| Itria Ventures LLC PPP 2021 | All 196 borrowers → |
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $85K | 13 |
| 2/1/2021 | second | $85K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spaces Services II L.L.C.
Spaces Services II L.L.C. is an other building finishing contractors company in Edmond, Oklahoma, in business since 1999. It is owned by ALISON HAFAR (Dealer Principal). Its estimated annual revenue is about $3.3M, with roughly $385K of EBITDA. It has about 13 employees. Its estimated business value is $886K (likely range $466K–$1.2M).
Common questions
- Who owns Spaces Services II L.L.C.?
- Spaces Services II L.L.C. is owned by ALISON HAFAR (Dealer Principal), according to public sources such as the company's website or filings.
- How much revenue does Spaces Services II L.L.C. make?
- SeeBITDA estimates Spaces Services II L.L.C.'s annual revenue at about $3.3M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spaces Services II L.L.C. worth?
- About $886K, roughly 2.3× its estimated EBITDA of $385K, typical for a other building finishing contractors company its size. Likely range: $466K–$1.2M.
- How many employees does Spaces Services II L.L.C. have?
- About 13, as reported on its PPP loan.
- When was Spaces Services II L.L.C. founded?
- Spaces Services II L.L.C. has been in business since 1999.
- Is Spaces Services II L.L.C. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 27 years (since 1999); founder still runs it after 27 years; no family successor named on its website.