Spaces, Inc.
How we got $311K
Based on 5 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
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: Retail Trade.
Customers & suppliers
Customers
- Department of the Air Force · federal contracts $271K
- Department of the Army · federal contracts $269K
- Federal Aviation Administration · federal contracts $127K
- Defense Logistics Agency · federal contracts $77K
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 · $339.5M
- SOUTHWESTERN WIRE INC · Norman, 32 mi · $312.3M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 21 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 18 mi · $231.9M
Estimated value over time
▲ 10% 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.
Employees over time
▲ 60% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $1.5M |
| 2020 | Form 5500 | 6 | $1.8M |
| 2021 | Form 5500 | 7 | $2.1M |
| 2022 | Form 5500 | 5 | $1.5M |
| 2023 | Form 5500 | 7 | $2.1M |
| 2024 | Form 5500 | 9 | $2.7M |
| 2025 | Form 5500 | 8 | $2.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPACES, INC. this business | $2.1M | — |
| AMERICAN HANDCRAFT STUDIOS LLC Edmond · 2 employees | $1.4M | 0.8 mi |
| GARBER MATTRESS LLC Edmond · 1 employees | $870K | 1.5 mi |
| ROGER MATHIS MATTRESS CO. LLC Edmond · 1 employees | $581K | 2.2 mi |
| EFG PNS CAPITAL LLC Edmond · 11 employees | $4.6M | 2.6 mi |
| CAROUSEL CONSIGNMENT LLC Edmond · 4 employees | $1.7M | 3.6 mi |
| 3B HOME, LLC Edmond · 1 employees | $544K | 4.0 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Industry revenue per employee | $300K |
| Revenue = employees × revenue per employee | $2.1M |
| EBITDA margin (industry, adjusted for size) | 8% |
| EBITDA = revenue × margin | $156K |
| Cross-check: revenue implied by PPP payroll | $8.2M |
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 | $311K |
| Multiple for this size and industry | 2× |
| Value range | $147K – $442K |
| Revenue range | $1.2M – $2.5M |
| EBITDA range | $92K – $184K |
| Industry (NAICS) | Retail Trade (442110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“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
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $123K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spaces, Inc.
Spaces, Inc. is a retail trade company in Edmond, Oklahoma, in business since 1999. It is owned by ALISON HAFAR (Dealer Principal). Its estimated annual revenue is about $2.1M, with roughly $156K of EBITDA. It has about 8 employees. Its estimated business value is $311K (likely range $147K–$442K).
Common questions
- Who owns Spaces, Inc.?
- Spaces, Inc. is owned by ALISON HAFAR (Dealer Principal), according to public sources such as the company's website or filings.
- How much revenue does Spaces, Inc. make?
- SeeBITDA estimates Spaces, Inc.'s annual revenue at about $2.1M (likely between $1.2M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spaces, Inc. worth?
- About $311K, roughly 2× its estimated EBITDA of $156K, typical for a retail trade company its size. Likely range: $147K–$442K.
- How many employees does Spaces, Inc. have?
- About 8, from its 2025 retirement-plan filing.
- When was Spaces, Inc. founded?
- Spaces, Inc. has been in business since 1999.
- Is Spaces, Inc. 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.